Initial Shipment Leaves Munich Production
Facility
MUNICH, April 3,
2024 /PRNewswire/ -- Mynaric (NASDAQ: MYNA)
(FRA: M0YN), a leading provider of industrialized, cost-effective
and scalable laser communications products, today announced a
milestone in the product maturity of the company's flagship free
space optical communications terminal for space-to-space and
space-to-ground applications - the CONDOR Mk3. Volume production
for the optical communications terminal began early in the first
quarter of 2024 with an initial shipment made last week following
customer approval.
"Today marks the culmination of the promise we made to our
customers, our shareholders, the industry and our workforce to
develop and manufacture free space optical communications systems
for mass deployment," said Mustafa
Veziroglu, CEO of Mynaric. "These systems will be part of
government and commercial constellations, representing the start of
a major new chapter for the company. I am incredibly proud of the
entire team here at Mynaric, who, through collaboration with our
key customers, are the reason we've reached this tremendous
milestone."
Initial shipments of the CONDOR Mk3 free space optical
communications system will be part of the United States Space
Development Agency (SDA) Tranche 1 Transport and Tracking Layer
programs, among others. Mynaric was selected by Northrop Grumman as
the sole supplier of optical communications terminals for the SDA's
Tranche 1 Transport and Tracking Layer programs and by York Space
Systems for the SDA's Tranche 1 Transport Layer. Mynaric was also
selected by Loft Federal to supply the CONDOR Mk3 terminals to NExT
– the SDA's Experimental Testbed.
"The real challenge, which we have accomplished, is
manufacturing cost-effective optical communications terminals at
scale," said Juan Carlos Lopez,
Chief Operations Officer of Mynaric. "We have reached our goal by
vertically integrating key parts of the manufacturing process
because it allows greater efficiency and responsiveness to customer
missions. This is just the beginning of reaching our full
production capacity for the CONDOR Mk3 and future products."
In addition to volume production of the CONDOR Mk3 optical
communications system, Mynaric continues to pursue opportunities
that explore the use of free space optical communications for
additional space programs. Mynaric has been recognized as a key
development partner in Phase 2 of DARPA's Space-BACN program, was
selected by the European Space Agency (ESA) to investigate optical
technologies for next generation high-throughput optical
inter-satellite links and was selected by the German government for
multiple projects to develop quantum communication
capabilities.
About Mynaric
Mynaric (NASDAQ: MYNA) (FRA: M0YN) is
leading the industrial revolution of laser communications by
producing optical communications terminals for air, space and
mobile applications. Laser communication networks provide
connectivity from the sky, allowing for ultra-high data rates and
secure, long-distance data transmission between moving objects for
wireless terrestrial, mobility, airborne- and space-based
applications. The company is headquartered in Munich, Germany, with additional locations in
Los Angeles, California, and
Washington, D.C.
For more information, visit mynaric.com.
MEDIA CONTACT
Krista Hazen
krista.hazen@mynaricusa.com
+1 (614)
915-4383
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SOURCE Mynaric USA