Latest news with #BulentAltan
Yahoo
30-03-2025
- Business
- Yahoo
Germany's largest rocket since V-2 crashes and explodes seconds after launch
Credit: @NASASpaceflight/@spacecoastwest A test rocket aimed at kick-starting satellite launches from Europe fell to the ground and exploded 40 seconds after its launch from a Norwegian space port. The uncrewed Spectrum rocket was described as the first attempt at an orbital flight to originate from Europe, where several nations – including Sweden and Britain – have said they want a share of a growing market for commercial space missions. It was the largest German rocket since V-2, the Nazi-era rocket that has often been described as having launched the space age and was the world's first long-range guided ballistic missile. Isar Aerospace, the German company that developed the Spectrum rocket, insisted the failed flight had produced extensive data from which its team could learn. 'Our first test flight met all our expectations, achieving a great success,' Daniel Metzler, the chief executive, said in a statement. 'We had a clean lift-off, 30 seconds of flight, and even got to validate our flight termination system.' Spectrum, a two-stage orbital launch vehicle, is 28 meters long, powered by 10 engines developed in-house by Isar, and was specifically designed to put small and medium satellites into orbit. The firm was founded in 2018. Its website lists a group of investors including Airbus Ventures and Bulent Altan, a Turkish-American aerospace executive and engineer considered to have been a key contributor at Elon Musk's SpaceX. The global space race has increasingly become focused on the deployment of satellite constellations. Several European nations, including the UK, have expressed interest in this growing market for satellite launches. Key companies working on technologies include SpaceX, which conducts launches from the US and operates the Starlink satellite communications service. France's ArianeGroup, a joint venture between Airbus and Safran, uses a spaceport in French Guiana, on the northern coast of South America. In January, the UK Government announced a £20 million investment to help fund the construction and launch of the first British-manufactured and launched orbital rocket. The rocket, Prime, is being built by Orbex, based in Scotland. It is also designed to launch satellites into orbit, and is due to launch from a Scottish spaceport late this year. China is a growing player in the satellite launch race. On Sunday, Chinese state media reported that the country had sent a new satellite into orbit from the island of Hainan, using a Long March-7A rocket. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Telegraph
30-03-2025
- Business
- Telegraph
Germany's largest rocket since V-2 crashes and explodes seconds after launch
A test rocket aimed at kick-starting satellite launches from Europe fell to the ground and exploded 40 seconds after its launch from a Norwegian space port. The uncrewed Spectrum rocket was described as the first attempt at an orbital flight to originate from Europe, where several nations – including Sweden and Britain – have said they want a share of a growing market for commercial space missions. It was the largest German rocket since V-2, the Nazi-era rocket that has often been described as having launched the space age and was the world's first long-range guided ballistic missile. Isar Aerospace, the German company that developed the Spectrum rocket, insisted the failed flight had produced extensive data from which its team could learn. 'Our first test flight met all our expectations, achieving a great success,' Daniel Metzler, the chief executive, said in a statement. 'We had a clean lift-off, 30 seconds of flight, and even got to validate our flight termination system.' Spectrum, a two-stage orbital launch vehicle, is 28 meters long, powered by 10 engines developed in-house by Isar, and was specifically designed to put small and medium satellites into orbit. The firm was founded in 2018. Its website lists a group of investors including Airbus Ventures and Bulent Altan, a Turkish-American aerospace executive and engineer considered to have been a key contributor at Elon Musk's SpaceX. The global space race has increasingly become focused on the deployment of satellite constellations. Several European nations, including the UK, have expressed interest in this growing market for satellite launches. Key companies working on technologies include SpaceX, which conducts launches from the US and operates the Starlink satellite communications service. France's ArianeGroup, a joint venture between Airbus and Safran, uses a spaceport in French Guiana, on the northern coast of South America. In January, the UK Government announced a £20 million investment to help fund the construction and launch of the first British-manufactured and launched orbital rocket. The rocket, Prime, is being built by Orbex, based in Scotland. It is also designed to launch satellites into orbit, and is due to launch from a Scottish spaceport late this year. China is a growing player in the satellite launch race. On Sunday, Chinese state media reported that the country had sent a new satellite into orbit from the island of Hainan, using a Long March-7A rocket.
Associated Press
29-03-2025
- Business
- Associated Press
Mynaric AG: Resignation of Bulent Altan as Chairman and Member of Supervisory Board
MUNICH, DE / ACCESS Newswire / March 28, 2025 / Mynaric AG (FRA:M0YN)(OTC PINK:MYNAY) (the 'Company') announces that Bulent Altan today has tendered his resignation as Chairman and Member of the Supervisory Board of the Company for personal reasons effective April 1, 2025. Bulent Altan was elected Chairman of the Supervisory Board of the Company following his election as member of the Supervisory Board by the General Assembly in August 2023. The Supervisory Board of the Company will conduct a new election for the role of Chairman without undue delay. A new member will be appointed in due course in accordance with the provisions of applicable stock corporation act (Aktiengesetz). About Mynaric Mynaric (FRA:M0YN)(OTC PINK:MYNAY) 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 Forward-Looking Statement This release includes forward-looking statements. All statements other than statements of historical or current facts contained in this release, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and our objectives for future operations, are forward-looking statements. These statements represent our opinions, expectations, assumptions, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. Forward looking statements are often indicated by terms such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'forecast,' 'goal,' 'intend,' 'look forward to,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target' 'will,' 'would' and/or the negative of these terms or other similar expressions that are intended to identify forward-looking statements. The forward-looking statements included in this release are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements involve known and unknown risks, uncertainties and assumptions that are difficult to predict or are beyond our control, and actual results may differ materially from those expected or implied as forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to (i) the impact of any geopolitical tensions or the global COVID-19 pandemic on the global economy, our industry and markets as well as our business, (ii) risks related to our limited operating history, our history of significant losses and the execution of our business strategy, (iii) risks related to our ability to successfully manufacture and deploy our products and risks related to serial production of our products, (iv) risks related to our sales cycle which can be long and complicated, (v) risks related to our limited experience with order processing, our dependency on third-party suppliers and external procurement risks, (vi) risks related to defects or performance problems in our products, (vii) effects of competition and the development of the market for laser communication technology in general, (viii) risks related to our ability to manage future growth effectively and to obtain sufficient financing for the operations and ongoing growth of our business, (ix) risks relating to the uncertainty of the projected financial information, (x) risks related to our ability to adequately protect our intellectual property and proprietary rights and (xi) changes in regulatory requirements, governmental incentives and market developments. Moreover, new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. The forward-looking statements included in this release are made only as of the date hereof. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. Unless required under applicable law, neither we nor any other person undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release or otherwise. You should read this release with the understanding that our actual future results, levels of activity, performance and events and circumstances may materially differ from what we expect. This release may include certain financial measures not presented in accordance with IFRS. Such financial measures are not measures of financial performance in accordance with IFRS and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to loss for the period or other measures of profitability, liquidity or performance under IFRS. You should be aware that our presentation of these measures may not be comparable to similarly titled measures used by other companies, which may be defined and calculated differently. Mynaric AG
Yahoo
28-03-2025
- Business
- Yahoo
Mynaric AG: Resignation of Bulent Altan as Chairman and Member of Supervisory Board
MUNICH, DE / / March 28, 2025 / Mynaric AG (FRA:M0YN)(OTC PINK:MYNAY) (the "Company") announces that Bulent Altan today has tendered his resignation as Chairman and Member of the Supervisory Board of the Company for personal reasons effective April 1, 2025. Bulent Altan was elected Chairman of the Supervisory Board of the Company following his election as member of the Supervisory Board by the General Assembly in August 2023. The Supervisory Board of the Company will conduct a new election for the role of Chairman without undue delay. A new member will be appointed in due course in accordance with the provisions of applicable stock corporation act (Aktiengesetz). About Mynaric Mynaric (FRA:M0YN)(OTC PINK:MYNAY) 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 Forward-Looking Statement This release includes forward-looking statements. All statements other than statements of historical or current facts contained in this release, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and our objectives for future operations, are forward-looking statements. These statements represent our opinions, expectations, assumptions, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. Forward looking statements are often indicated by terms such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "target" "will," "would" and/or the negative of these terms or other similar expressions that are intended to identify forward-looking statements. The forward-looking statements included in this release are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements involve known and unknown risks, uncertainties and assumptions that are difficult to predict or are beyond our control, and actual results may differ materially from those expected or implied as forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to (i) the impact of any geopolitical tensions or the global COVID-19 pandemic on the global economy, our industry and markets as well as our business, (ii) risks related to our limited operating history, our history of significant losses and the execution of our business strategy, (iii) risks related to our ability to successfully manufacture and deploy our products and risks related to serial production of our products, (iv) risks related to our sales cycle which can be long and complicated, (v) risks related to our limited experience with order processing, our dependency on third-party suppliers and external procurement risks, (vi) risks related to defects or performance problems in our products, (vii) effects of competition and the development of the market for laser communication technology in general, (viii) risks related to our ability to manage future growth effectively and to obtain sufficient financing for the operations and ongoing growth of our business, (ix) risks relating to the uncertainty of the projected financial information, (x) risks related to our ability to adequately protect our intellectual property and proprietary rights and (xi) changes in regulatory requirements, governmental incentives and market developments. Moreover, new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. The forward-looking statements included in this release are made only as of the date hereof. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. Unless required under applicable law, neither we nor any other person undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release or otherwise. You should read this release with the understanding that our actual future results, levels of activity, performance and events and circumstances may materially differ from what we expect. This release may include certain financial measures not presented in accordance with IFRS. Such financial measures are not measures of financial performance in accordance with IFRS and may exclude items that are significant in understanding and assessing our financial results. Therefore, these measures should not be considered in isolation or as an alternative to loss for the period or other measures of profitability, liquidity or performance under IFRS. You should be aware that our presentation of these measures may not be comparable to similarly titled measures used by other companies, which may be defined and calculated differently. CONTACT: Mynaric AG+49 8105 7999 0comms@ SOURCE: Mynaric AG View the original press release on ACCESS Newswire Sign in to access your portfolio
