Kleos Space, a recently formed Luxembourg subsidiary of the UK-based space technology firm Magna Parva, is developing geolocation services for the maritime sector.
Under a memorandum of understanding signed between the grand duchy’s government and Kleos Space on Monday, “the developments and research to take place in Luxembourg are related to the project for in-space manufacturing of composite beams equipped with antennas,” according to a government press release.
The company will work with Emtronix, a local electronics firm, and the Luxembourg Institute of Science and Technology on the project.
Kleos Space is currently based at the Techoport in Esch-Belval and has five employees. “By 2022, the company intends to employ up to 60 people in Luxembourg,” the announcement stated.