Kratos Announces Continued Product Growth Supporting Virtualized Satellite Ground Systems with Q2 Sales of OpenSpace quantum and SpectralNet Products
18 August 2021 - 10:00PM
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a
leading National Security Solutions provider, announced today that
in the second quarter of 2021 it delivered products supporting the
satellite industry’s movement toward dynamic, virtualized ground
systems to 23 customers around the globe. These included products
in Kratos’ quantum® and SpectralNet® lines, both of which are part
of its OpenSpace™ family of dynamic, virtual ground solutions.
Kratos’ OpenSpace quantum products offer
software versions of satellite ground system components which
traditionally have been implemented as hardware, such as modems and
front-end processors (FEP), needed to communicate with the
satellite or its payload. Kratos’ OpenSpace quantum products have
been supporting satellite operators around the globe in tens of
thousands of satellite passes per month.
Kratos’ OpenSpace SpectralNet products provide
the on-ramp to modern virtual ground operations by reliably
digitizing the Radio Frequency (RF) signals from the satellite into
an Internet Protocol (IP) format that can be processed by digital
systems running in cloud, on-prem and hybrid environments.
Sales of quantum and SpectralNet products in Q2
included international commercial customers as well as support for
key U.S. defense and intelligence programs and government projects
for other nations. Seven new customers bought products in the
OpenSpace family in Q2 as well as 16 returning customers purchasing
additional quantum and SpectralNet units.
According to Kratos Vice President of Space
System Sales, Mike Smith, “The OpenSpace quantum and OpenSpace
SpectralNet product lines continue to make headway among satellite
operators and communications service providers seeking to
capitalize on the capabilities of virtual network environments to
transform these critical operations. Even classified government
programs have recognized the reliability and security of OpenSpace
products.”
OpenSpace quantum products (referred to as
Virtual Network Functions or VNFs) are not only less expensive than
the hardware they replace, they operate at lower cost and with
greater scalability to adapt more rapidly to changing missions and
conditions. For example, where it can take weeks to deploy
traditional ground system hardware, quantum VNFs can be deployed
and configured to support different missions in just hours. Kratos’
OpenSpace Platform, the most advanced line in the OpenSpace family,
can go even further, enabling satellite operators to deploy,
configure and adapt entire networks in just minutes using its
orchestrated software-defined network (SDN) architecture.
For more information on Kratos’ OpenSpace family
of dynamic ground solutions including OpenSpace quantum and
SpectralNet products, as well as the OpenSpace Platform, visit
https://www.kratosdefense.com/openspace.
About Kratos Defense & Security
SolutionsKratos 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
StatementsCertain 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:Yolanda
White858-812-7302 Direct
Investor
Information:877-934-4687investor@kratosdefense.com
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