Mynaric AG

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

Nachricht vom 27.09.2017 | 08:00

Mynaric AG: Specialist in laser-based air and space communication networks plans IPO

DGAP-News: Mynaric AG / Key word(s): IPO

27.09.2017 / 08:00
The issuer is solely responsible for the content of this announcement.

Date 27 Sep 2017


Mynaric AG: Specialist in laser-based air and space communication networks plans IPO

- Mynaric AG aims to be listed in the Scale segment of the Frankfurt Stock Exchange in autumn 2017

- Pioneer in the growth market for laser communication offering key technology for future-oriented communication networks in the air and in space

- Seeking IPO proceeds of around EUR20 million to finance growth

Munich, 27 September 2017 - Mynaric AG, specialist in innovative laser-based communication networks in the air and in space, is preparing its IPO on the Frankfurt Stock Exchange. As part of its initial listing, which is scheduled for autumn 2017, the company plans to issue new shares from a cash capital increase to raise around EUR20 million. The issue proceeds will be used to finance the future growth of the laser technology provider.

Innovative laser technologies for the Internet of the future

Mynaric AG was founded in 2009 by former employees of the German Aerospace Centre. The company develops pioneering laser technologies used to establish global communication networks in the air and in space. Its wireless data transmission products include ground stations and laser terminals that enable very large quantities of data to be sent wirelessly over long distances at high speeds, currently of up to 10 Gigabits per second.

Global demand is growing for fast and, above all, permanent Internet connection. Data networks like the Internet are now based mostly on terrestrial infrastructure, which is reaching its economic and logistical limits in providing local coverage. The quantity of generated data is rising steadily, but the cost-intensive technologies currently in use have limited capacity and range.
"The future will demand a significant expansion of our existing network infrastructure using communication networks in the air and in space. We consider laser communication technology to be a key technology here, and we are exceptionally well positioned in this future market with our proven laser-based products, huge innovative drive and outstanding network," says Dr Wolfram Peschko, Chairman of the Management Board at Mynaric AG.

Laser technology in airborne communication networks can be used to provide Internet access to areas that are currently out of the reach of conventional technologies. This also means that secure, dedicated corporate networks can be built up. International corporations like Google, Facebook, SpaceX, Telesat and Airborne Wireless Network aim to use this kind of above-the-clouds communication network to connect up to three billion people who currently have no access to the Internet.

Laser communication: A future market with high growth potential

The market for laser communication has significant potential for growth. Most current international telecommunications and data transmission happens using optical, terrestrial networks such as optical fibre cable. This market constituted a global turnover of US$ 17 billion in 2016 and is forecast to grow by 10.5 percent per annum.

Mynaric has successfully developed and demonstrated laser technology for wireless data transmission; series production is currently in preparation. An air-to-ground connection was successfully tested back in 2013 in conjunction with Airbus subsidiary Cassidian and the German Aerospace Centre. Since then, around a dozen pre-series ground station and laser terminal products required for ground-to-air and air-to-air wireless laser communication have been produced on behalf of clients as well as the electronics, mechanics, optics and software needed for them. Laser terminals for satellites are currently in development; these will be used to establish global telecommunications networks in space using constellations of several hundred satellites.

Most of Mynaric's current turnover comes from product tests and demonstrations for large multinational corporations. Laser technology demonstrations will form the basis of future major contracts for the establishment of complete, dynamic communication networks using platforms consisting of a variety of aircraft and spacecraft (drones, aeroplanes, balloons, satellites and so on).

IPO proceeds to finance growth and internationalisation

Mynaric's strategy sees it becoming a world-leading player in the implementation of dynamic communication networks in the air and in space over the coming years.

As part of its IPO, Mynaric plans to offer new shares via a public offering in Germany and a private placement outside of Germany and the USA to raise funds totalling around EUR20 million. Existing shareholders will not sell any shares as part of the IPO.

The shares are to be listed in the Scale segment of the Frankfurt Stock Exchange. Hauck & Aufhäuser is acting as the sole global coordinator and bookrunner for the transaction.

The proceeds generated by the IPO are to be used primarily for the planned launch of series production. The funds shall also be used for the further development of laser terminals for the use in space and for the general advancement of product performance as well as ongoing internationalisation.

About Mynaric AG

Mynaric (formerly Vialight Communications) is a manufacturer of laser communication technologies used to establish dynamic communication networks in the air and in space. Its wireless data transmission products include ground stations and laser terminals, which allow very large quantities of data to be sent wirelessly over long distances at high speeds.

Public Relations
Jan Hutterer
Kirchhoff Consult AG
t   +49 40 609 186 65

Mynaric AG
Friedrichshafener Str. 3
82205 Gilching

Important information:
This announcement does not contain or constitute an offer to sell nor a solicitation to buy or subscribe for securities.
This announcement is not a prospectus. Potential investors should not purchase or subscribe for any securities referred to in this announcement except on the basis of the information contained in the prospectus to be issued by the Company in connection with the public offering of such securities (including any supplements thereto). Copies of such prospectus will, following approval by the German federal financial supervisory agency (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) and publication, be available free of charge from Mynaric AG, Gilching/Landkreis Starnberg, Germany, as well as, for viewing in electronic form, on the websites of the Frankfurt Stock Exchange ( and the Company.
This announcement is not an offer of securities for sale in the United States of America (the "United States"). Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Any public offering of securities to be made in the United States would be made by means of a prospectus that could be obtained from the Company and that would contain detailed information about the Company and its management, as well as the financial statements of the Company. There will be no public offer of the securities in the United States.
In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (all such persons are collectively referred to herein as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this information or any of its contents.
Subject to certain exceptions under the Securities Act, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
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.

27.09.2017 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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