Put companies on watchlist
Mynaric AG
ISIN: DE000A31C305
WKN: A31C30
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Mynaric AG · ISIN: DE000A31C305 · EQS - Company News (79 News)
Country: Germany · Primary market: Germany · EQS NID: 1737031
28 September 2023 01:45PM

Mynaric passes major product milestone of CONDOR Mk3, completing verification and interoperability tests


EQS-News: Mynaric AG / Key word(s): Miscellaneous
Mynaric passes major product milestone of CONDOR Mk3, completing verification and interoperability tests

28.09.2023 / 13:45 CET/CEST
The issuer is solely responsible for the content of this announcement.


Optical communications terminal passes rigorous test campaign in context of the Tranche 1 program of the Space Development Agency

MUNICH, September 28, 2023 –  Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced an important product milestone of its CONDOR Mk3 optical communications terminals. After an intensive test campaign, CONDOR Mk3 passed optical verification and phase 1 of interoperability tests in context of the Tranche 1 program of the Space Development Agency (SDA) confirming the product’s compliance with the SDA's Optical Communications Terminal (OCT) Standard. Mynaric will supply the CONDOR Mk3 terminals to Northrop Grumman’s satellites for the Tranche 1 Transport and Tracking Layer programs.

“We have successfully passed the rigorous test regimes and scenarios which demonstrate our terminal’s compliance with SDA’s requirements and actual interoperability with a third-party product,” said Joachim Horwath, Founder and CTO of Mynaric. “It is this interoperability combined with the availability of products at scale that will fully unlock the industrial age of laser communications and we are excited about this significant milestone.”

A first round of optical verification tests, conducted at Mynaric’s German facilities, confirmed pointing, acquisition and tracking as well as the communications capabilities of Mynaric’s CONDOR Mk3 product that are required for establishing optical inter-satellite links between satellites.  Subsequent optical interoperability tests, conducted at the Naval Research Lab, successfully demonstrated the product’s capability to optically interconnect with terminals from other vendors.

“This milestone demonstrates that Mynaric can design industry-leading products that meet the SDA’s standards and are fully interoperable with other terminals implementing the same standard,” said Mustafa Veziroglu, CEO of Mynaric. “With this important step completed, we’re on track to start delivering scalable products to our customers. As industry demand continues to increase, we can proudly say that Mynaric is ready to deliver rapidly increasing quantities of CONDOR Mk3 to our customers in the coming months.”

Mynaric’s CONDOR family of optical communications terminals is specifically designed for mass deployment as part of government and commercial satellite constellations. It has previously been selected by Loft Federal for SDA’s Experimental Testbed NExT, by Capella Space for commercial synthetic aperture radar (SAR) satellites, by Telesat for the DARPA Blackjack program and others. In addition, Mynaric was named a key development partner for Phase 1 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

 



28.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Mynaric AG
Dornierstr. 19
82205 Gilching
Germany
Phone: +49 8105 7999 0
E-mail: comms@mynaric.com
Internet: www.mynaric.com
ISIN: DE000A31C305
WKN: A31C30
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange; Nasdaq
EQS News ID: 1737031

 
End of News EQS News Service

1737031  28.09.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1737031&application_name=news&site_id=boersengefluester
Visual performance / price development - Mynaric AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.