Mynaric AG

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

Nachricht vom 11.09.2018 | 08:45

Mynaric starts serial production of Ground Stations for laser communication from air and space to ground

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

11.09.2018 / 08:45
The issuer is solely responsible for the content of this announcement.

Mynaric starts serial production of Ground Stations for laser communication from air and space to ground

  • Company announces start of serial production of Optical Ground Stations
  • Serial production follows delivery of first Optical Ground Station for satellite communications to customer
  • Milestone positions Mynaric as only commercial supplier of Optical Ground Stations already in serial production

Munich, 11 September 2018 - Mynaric can announce today that it has progressed to serial production of its two types of Optical Ground Stations for laser communication of airborne and space platforms to the ground.

The onset of serial production of the full ground segment follows the initial delivery of the first Optical Ground Station for satellite communications which has successfully passed the site acceptance test of the respective customer. This delivered first unit is now set to establish high speed bidirectional links with satellites in low Earth orbit (LEO), achieving data rates of up to 10 Gbps over distances up to 1,400 km.

"The delivery of this ground station for space communications now proves the efficacy of the company's in-house development and production processes - elements that are key to placing Mynaric as the 'go-to' provider of laser communication products. Following this first produced unit we are now ramping up our efforts to manufacture Ground Stations for connecting space assets at scale."
Dr Markus Knapek, founder and board member of Mynaric

The systems and processes used in the preparation and delivery of this Ground Station have been harnessed to ensure seamlessness and coherence in the company's move to serial production.

Both versions of Mynaric's Ground Stations - for airborne and space applications - are now being produced in series with multiple units of each Ground Station available for delivery by the first quarter of 2019.

This positions Mynaric as the only commercial supplier of Optical Ground Stations already in serial production for the burgeoning market in laser communications.

"This is another substantive milestone and one which further vindicates our focused business strategy of devoting all of our financial and engineering efforts
into market-changing serial manufacture."
Dr Wolfram Peschko, CEO of Mynaric

About Mynaric's Optical Ground Stations

The Optical Ground Stations have an aperture size of 200 to 400 mm and are designed for optical communication with aircraft or satellites in low Earth orbit. They can achieve data rates of 10 Gbps over distances of 50km (air) or 1400 km (space) and employ advanced software algorithms to compensate for atmospheric distortions. They are based on an innovative pointing mechanism, with low power consumption and heat dissipation optimized to support both fixed and mobile communication links.

Further details are available from Mynaric or by visiting:

About Mynaric

Mynaric is a manufacturer of laser communication technologies used to establish dynamic communication networks in air and space. Its wireless laser data transmission products include ground stations and flight terminals, which allow very large quantities of data to be sent wirelessly over long distances between aircrafts, autonomous drones, high altitude platforms, satellites and the ground at high data rates.

Globally, the need for fast and ubiquitous network connectivity is advancing inexorably. Data networks are today largely based on infrastructure on the ground, which cannot be expanded arbitrarily for legal, economic or logistical 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:

Press contact

Mynaric AG
Friedrichshafener Straße 3
82205 Gilching
Tel. +49 8105 7999 117 (English media)
Tel. +49 40 60918665 (German media)

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.

11.09.2018 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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