Sales of Kratos OpenSpace quantum and OpenSpace SpectralNet Ground System Products Continue Growth in 2021 With Strong Q4
Kratos Defense & Security Solutions (Nasdaq: KTOS) announced a significant milestone achieved by Kongsberg Satellite Services (KSAT), which successfully completed over 50,000 satellite passes in one month using Kratos’ OpenSpace virtualized ground systems. This achievement highlights the growing trend towards dynamic and digital ground systems in the satellite industry. Kratos' OpenSpace product lines, which include OpenSpace quantum and SpectralNet, facilitate the transition from traditional hardware to scalable, flexible software solutions.
- KSAT supported more than 50,000 satellite passes in one month, demonstrating the effectiveness of Kratos’ technology.
- The OpenSpace product family has secured sales with 25 customers in Q4 2021, indicating strong market demand.
- Kratos’ solutions enable rapid scaling for customers, which can enhance revenue opportunities.
- None.
KSAT Marks More Than 50,000 Satellite Passes in a Month on its Virtualized Ground Platform Employing Kratos quantum Radios
SAN DIEGO, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading provider of National Security and Space solutions, announced that its OpenSpace™ quantum™ and OpenSpace SpectralNet® product lines counted sales to 25 customers in Q4 2021 supporting the satellite industry’s continued evolution to dynamic, digital ground systems.
Kratos’ OpenSpace family of solutions help satellite operators move their network systems from traditional hardware to more dynamic, flexible and scalable architectures that are more responsive to service level agreements, mission goals and changing operating conditions.
Kongsberg Satellite Services (KSAT), the Norway-based satellite operator that has been a pioneer in the industry’s movement to virtualized ground systems and an OpenSpace products user, added new units in Q4 to support continued customer growth. KSAT recently passed a major business milestone having supported more than 50,000 satellite passes in a single month with its virtual ground system employing both OpenSpace quantum and SpectralNet products.
“At KSAT, we are proud to be an industry leader in virtualized ground station solutions, and Kratos’ products have been an integral part of that success. For all of our UHF, S-Band and X-Band missions, which constitute the vast majority of the LEO Earth Observation market, there is no question any longer that software can replace hardware reliably in ground systems,” commented John Heskett, CTO of KSAT.
“Because OpenSpace quantum products are software solutions, they help KSAT scale its network easily as the business has grown,” commented Chris Boyd, Senior Director of Product Management at Kratos. “The company can quickly acquire and install new licenses in minutes as needed to meet increasing customer demand rather than having to purchase, ship, install and configure multiple, expensive hardware boxes.”
Kratos’ OpenSpace family of solutions enable the digital transformation of satellite ground systems to become a more dynamic and powerful part of the space network. The family consists of three product lines: OpenSpace SpectralNet for converting satellite RF signals to be used in digital environments; OpenSpace quantum products, which are virtual versions of traditional hardware components; and the OpenSpace Platform, the first commercially available, fully orchestrated, software-defined ground system. These three OpenSpace lines enable satellite operators and other service providers to implement digital operations at their own pace and in ways that meet their unique mission goals and business models.
For more information on Kratos’ OpenSpace family of dynamic ground solutions, visit https://www.KratosDefense.com/OpenSpace.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
Press Contact:
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Investor Information:
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