Mynaric AG

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

Nachricht vom 23.07.2021 | 11:32

Mynaric Signs Memorandum of Understanding (MoU) to Accelerate Entrance to Indian Aerospace Market

DGAP-News: Mynaric AG / Key word(s): Letter of Intent
23.07.2021 / 11:32
The issuer is solely responsible for the content of this announcement.

MUNICH, (July 26, 2021) - Mynaric today announced that it has signed a Memorandum of Understanding (MoU) with JR Aerospace to accelerate its entry into the Indian aerospace market. JR Aerospace is a newly established Indian investment and technology company with an existing network in the Indian aerospace sector and with relevant organizations. The MoU sets out the principal terms and conditions upon which Mynaric and JR Aerospace will enter into detailed legally binding agreements intended to be signed subsequent to the MoU.

At the core of the MoU is a contemplated distribution partnership between the companies. The partnership will see Mynaric acting as the exclusive laser communication vendor for JR Aerospace that, in turn, will explore business opportunities with commercial buyers with links to India as well as with various organizations of the Indian government, and beyond.

The partnership will also shine light on the technological, programmatic and regulatory requirements for the sale of laser communication products in the Indian aerospace market. It will further explore possibilities to optimize Mynaric's international supply chain; both to support its increasing serial-production of laser communication products and to also serve the domestic Indian market more efficiently.

Today's announcement comes shortly after India's Department of Telecommunications secretary, Anshu Prakash, held discussions with a range of international satellite operators on a holistic roadmap to establish local manufacturing capabilities and an enabling regulatory environment for low Earth orbit (LEO) satellite constellations.

"India has a huge domestic need for consumer grade broadband provided from satellite constellations and an uprising aerospace sector to provide technological capabilities for commercial and governmental actors. That combined with excellent foreign relations enable Indian corporations to not only provide services for domestic users but also serve other markets in the wider region. We are pleased to be making a step closer to the economic powerhouse that is India and look forward to the business that will result from this partnership," said Bulent Altan, Chief Executive Officer, Mynaric.


About Mynaric

Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) produces the optical fiber for the skies and, as a pioneer of laser communication, enables extremely fast and secure wireless data transmission between aircraft, drones and satellites.

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 industrialized laser data transmission products Mynaric is positioned as a pioneer in this growth market.

More information on: www.mynaric.com

###


23.07.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Interview im Fokus

„Eine Investition in Mutares lohnt sich“

Mutares ist ein europaweit führender Private-Equity-Investor, der sich auf Sondersituationen wie Abspaltungen von großen Konzernen oder Turnaround- und Nachfolgesituationen spezialisiert hat. Ziel ist es, mit den Investments einen Return auf das eingesetzte Kapital von 7 bis 10 zu erzielen. Mit der jüngsten Mittelfristprognose hat der Münchner Finanzinvestor auf Basis von 5 Mrd. Euro Konzernumsatz eine Nettorendite für die börsennotierte Holding von 1,8 bis 2,2 % in Aussicht gestellt. In der Mitte der Zielspanne wird somit ein Nettogewinn von circa 100 Mio. Euro anvisiert. Hauck & Aufhäuser hat in der jüngsten Analyse ein Buy-Rating mit Kursziel für Mutares von 37,50 Euro ausgegeben.

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

Kaufen: Aspermont Limited hat Turnaround abgeschlossen

Aspermont Limited ist der weltweit führende Anbieter von Business-to-Business-Medien (B2B) für den Rohstoffsektor. Mit einem neuen Management hat das Unternehmen seit 2016 den erfolgreichen Turnaround von einem traditionellen Medienunternehmen zu einem digitalen B2B-XaaS-Geschäftsmodell umgesetzt. Das Unternehmen hat diesen Turnaround im GJ 2020 abgeschlossen, als es sein erstes positives EBITDA-Ergebnis verzeichnete. Auf der Grundlage unseres DCF-Modells haben wir ein Kursziel von 0,09 AUD (0,06 Euro) pro Aktie ermittelt und vergeben das Rating KAUFEN.

Aktueller Webcast

Stealth BioTherapeutics

Cantor Global Healthcare Conference Fireside Chat

30. September 2021

Aktuelle Research-Studie

FORTEC Elektronik Aktiengesellschaft

Original-Research: FORTEC Elektronik AG (von Montega AG): Kaufen

23. September 2021