Sales of Kratos OpenSpace quantum and OpenSpace SpectralNet Ground System Products Continue Growth in 2021 With Strong Q4
09 February 2022 - 12:00AM
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
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
Kratos Defense and Secur... (NASDAQ:KTOS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kratos Defense and Secur... (NASDAQ:KTOS)
Historical Stock Chart
From Jul 2023 to Jul 2024