Kleos Space: Secures $10m debt facility with PURE

Kleos Space Secures $10m debt facility with PURE

• Kleos Space (KSS) secures a four-year $10 million debt facility with PURE Asset management to help fund its operations and satellite consultation growth
• The company uses space technology to locate radio transmissions in key areas of interest around the globe
• The funds from the loan will be used to expand Kleos 12 satellite constellations already in orbit, with four satellites expected to launch by the end of the year
• PURE Co-Founder Nick Berry is impressed with the level of genuine commercial interest in Kleos technology
• KSS shares are up 2.50 per cent to trade at 41 cents each at 1:58 pm AEST