Mynaric AG
Mynaric announces EUR1.7 million contract for delivery of satellite constellation laser communication terminals
DGAP-News: Mynaric AG
/ Key word(s): Incoming Orders
Today’s contract announcement is clear proof that Mynaric’s cost-effective laser communication products for inter-satellite links are both commercially and technologically attractive. The selection of Mynaric’s flagship inter-satellite link terminal by the customer is affirmation of Mynaric’s leading position in the aerospace connectivity market. “This contract win will see the first launch of our constellation terminal into space. As we complete the final stages of the terminal’s readiness and prepare for its entry into the market, we have increased the number of terminals in production to be able to support missions from additional customers, such as the one we are announcing today, at short notice.” Multiple units of Mynaric’s inter-satellite product are to be delivered as part of the deal. The terminal, which is set to become the market’s first available laser inter-satellite link terminal designed for satellite constellations, provides both ultra-high data rates and link distances while meeting rigorous size, weight and power consumption specifications at very competitive price-targets. “We are very proud of the trust that our customer has placed in our product with this contract and we are delighted to have now secured our first launch opportunity. It’s great to see our vision of becoming the prime supplier of laser communication technology taking yet another huge leap forward.” Notes to editors
Globally, the need for fast and secure connectivity is advancing inexorably. Data networks are today largely based on infrastructure on the ground, which cannot be expanded arbitrarily for legal, economic or practical reasons. The future therefore calls for an expansion of the existing network infrastructure into air and space. With its wireless laser communication products Mynaric is positioned as a prime pioneer in this growth market. For more information see: www.mynaric.com
17.10.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Mynaric AG |
Dornierstr. 19 | |
82205 Gilching | |
Germany | |
Phone: | +49 8105 7999 0 |
E-mail: | comms@mynaric.com |
Internet: | www.mynaric.com |
ISIN: | DE000A0JCY11 |
WKN: | A0JCY1 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 891773 |
End of News | DGAP News Service |