Longtime SpaceX Vice President nominated by supervisory board to replace resigning supervisory board member
LOS ANGELES, Calif., October 6, 2021 – Mynaric today announced that space industry leader Hans Koenigsmann was nominated to join its supervisory board. Koenigsmann was nominated by the supervisory board to replace resigning supervisory board member Gerd Gruppe, a former Executive board member of the German Aerospace Center (DLR), contingent on court approval. Mynaric wins Koenigsmann for his first advisory role outside of SpaceX where he acted in various high-profile leadership roles during a 20-year tenure. (more…)
WASHINGTON, D.C., August 12, 2021 (Mynaric PR) — Mynaric and SpaceLink today announced the signature of a definitive agreement on the sale of optical inter-satellite link (OISL) terminals for satellites in Medium Earth Orbit (MEO) with a total order volume of up to $28 million depending on exercised options and SpaceLink’s satellite prime selection. Mynaric expects to ship SpaceLink’s first units during the first quarter of 2023. The deal includes mutually agreed upon milestone payments leading up to initial delivery.
“The final details of this agreement are just the beginning of a strategic partnership designed to bring fast, highly secure and continuous communications between spacecraft and the ground. Our industrialized approach to production will allow us to meet the expanded needs as SpaceLink’s constellation grows,” said Tina Ghataore, President, Mynaric USA and Chief Commercial Officer, Mynaric.(more…)
MUNICH, July 23, 2021 (Mynaric PR) — 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.(more…)
WASHINGTON, D.C., May 12, 2021 (Mynaric PR) – Mynaric and SpaceLink today agreed on the framework of a partnership to expand Mynaric’s laser communication product portfolio for use in SpaceLink’s data relay network. The strategic relationship will help drive forward the SpaceLink satellite relay service, which provides secure, continuous, high-capacity communications between low Earth orbit (LEO) spacecraft and the ground.
The companies will work together to expand Mynaric’s product portfolio with an optical inter-satellite link (OISL) terminal for satellites in medium Earth orbit (MEO), where the SpaceLink constellation will operate. The new terminal will also be compatible with the Space Development Agency (SDA) Transport Layer.(more…)
GILCHING, Germany, April 7, 2021 – Mynaric AG (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11), a leading developer and manufacturer of laser communication products for aerospace communications networks, plans to pursue an initial public offering (“IPO”) and listing in the United States. It is contemplated that the public offering will consist solely of new shares to be issued by Mynaric by way of a capital increase out of authorized capital. In preparation for the IPO, Mynaric’s management board, with the consent of the supervisory board, has resolved to propose to its annual general meeting to resolve on the creation of authorized capital.(more…)
MUNICH & LOS ANGELES, February 2, 2021 (Mynaric PR) – Mynaric can announce today that it is expanding its U.S footprint by opening an office in Washington D.C. to place its team closer to U.S. government organizations driving the adoption of laser communication.
The U.S. government is the driving force for the rapid deployment of laser communication capabilities, currently, and as such also a catalyst for the adoption by commercial stakeholders. The Space Development Agency alone is expected to procure up to 150 satellites equipped with laser communication capabilities in 2021 as part of its Tranche 1 Transport layer and Mynaric is seeing increased interest from the sector following its selection for two U.S. governmental programs last year.(more…)
MUNICH, August 17, 2020 (Mynaric PR) – Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) has announced that Tina Ghataore has been appointed company president of its US-branch Mynaric USA. Tina joins Mynaric USA from Yahsat, a Mubadala company, where she was spearheading the expansion of their satellite communication services business into the mobility communications sector, as the Executive Vice President for Inflight Connectivity. (more…)
- Mynaric announces deal for the delivery of multiple space laser communication terminals worth EUR 1.7m
- Contract confirms market demand for Mynaric’s cost-effective, serially produced laser communication inter-satellite product designed for mega-constellations
Munich, October 17, 2019 (Mynaric PR) – Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) has announced today that it will deliver multiple laser communication flight terminals to an undisclosed customer in an initial deal valued at EUR 1.7 million ($1.9 million).
The company’s space products are scheduled to be launched on a product validation mission which will serve as a pathfinder to integrate and qualify Mynaric’s products with the customer’s satellites.(more…)
MUNICH, March 18, 2019 – Mynaric (Frankfurt Stock Exchange: M0Y, Scale 50, ISIN: DE000A0JCY11) can today announce it will receive additional post-IPO funding of EUR 11M from the lead investor of a satellite constellation it is working with. The shares are subscribed to at EUR 55 per share.
In October 2018, Mynaric announced an MoU with the builder of a satellite constellation that is expected to require upwards of 1,000 of Mynaric’s laser communication terminals, after an initial demonstration mission, and today’s funding comes from the lead investor of that satellite constellation.