Mynaric AG

  • WKN: A0JCY1
  • ISIN: DE000A0JCY11
  • Land: Deutschland

Nachricht vom 21.10.2020 | 14:00

Mynaric inks deal with Telesat to supply terminals for DARPA's Blackjack satellite program and establishes industry's first laser communication interoperability lab

DGAP-News: Mynaric AG / Key word(s): Incoming Orders
21.10.2020 / 14:00
The issuer is solely responsible for the content of this announcement.

  • Mynaric to supply CONDOR terminals for two Blackjack satellites scheduled for launch 2021
  • Laser communication interoperability lab to be established at Mynaric's Los Angeles facility
  • Deal marks Mynaric's continued success in serving the U.S. government market

Munich, October 21, 2020 - Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) has been selected by Telesat to supply multiple units of its flagship CONDOR optical inter-satellite link terminals to DARPA's Blackjack Track B program, in a deal demonstrating continued success for Mynaric in accessing the U.S. government market.

The terminals are scheduled to be delivered in mid-2021 to DARPA's Blackjack System Integrator with satellites scheduled to launch in the latter part of 2021. The launch will be the inaugural ride to space for Mynaric's flagship CONDOR terminals - a key milestone and final trial for the product's successful market introduction. Telesat aims to utilize the mission to demonstrate the capabilities, as well as the interoperability, of laser communication products from different vendors as part of the DARPA Blackjack program.

As part of the deal, Mynaric will also establish the industry's first laser communication interoperability lab at its Los Angeles premises. The lab will be equipped with a link testbed capable of emulating conditions in space and testing inter-vendor operability - a key requirement of DARPA for its proliferated LEO constellation plans. The soon-to-be-established interoperability lab will provide laser communication vendors selected as part of the Blackjack program with the opportunity to verify their compatibility with Mynaric's terminals and between each other. It is intended to serve as a hub and enabler for testing interoperability and to help establish a common laser communication standard within the Blackjack program and potentially beyond.

"We are very happy to welcome Telesat and DARPA as inaugural launch customers for our CONDOR terminals and we are very much looking forward to supporting the mission's target to demonstrate interoperability between different vendors. Interoperability allows not just DARPA but all of our customers to de-risk their supply chains and we expect it to work as a catalyst accelerating the large-volume deployment of laser communication systems. Consequently, Mynaric aims to take a leading role in establishing open industry standards for laser communications and it is an honor to host the industry's first interoperability lab at our facilities in Los Angeles."
Bulent Altan, CEO, Mynaric

"Optical inter-satellite links are the essential building block for next generation commercial and government space networks. Mynaric has developed impressive laser communications terminals that we will be demonstrating on-orbit under the DARPA Blackjack program. We expect that Mynaric, as a part of Telesat's Blackjack team, will show the way to affordable ultra-high bandwidth laser communications capability for future resilient government space networks."
Don Brown, General Manager, Telesat U.S. Services

Blackjack is a joint technology demonstration project by DARPA and the U.S. Space Force to evaluate utility and concepts of operation for a large-scale proliferated low Earth orbit satellite constellation. The overarching goal of the program is to leverage developments from the commercial sector to create a generic satellite bus and payloads for defense purposes. Mynaric's CONDOR terminal, specifically developed for mass deployment and under stringent low size, weight, power and cost requirements (SWaP-C), is a natural fit for the program.

Today's award represents yet further validation that the laser communication market is now experiencing an inflection point and is moving from concept to implementation. Current developments are heavily driven by the fact that procurement for government is changing from acquiring bespoke projects to industrialized commercial products - especially in the USA. Mynaric expects this to become the standard for how governmental agencies will work at large and globally in the future as it allows for the leveraging of commercial industrial achievements most effectively. As such, initial contract awards from the governmental markets are considered a precursor to the wider establishment of civil and commercial large-scale aerospace communication networks of the future.

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About Mynaric

Mynaric is a manufacturer of laser communication technologies used to enable communication and surveillance applications in air and space. Its laser data transmission products include ground and flight terminals, which allow very large quantities of data to be sent wirelessly and securely over long distances between aircraft, autonomous drones, high-altitude platforms, satellites and the ground.

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.

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Important information

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," or, in each case, the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with our industry, as well as many other risks specifically related to the Company and its operations.

21.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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