Latest news with #Mynaric
Yahoo
4 days ago
- Business
- Yahoo
Mynaric Advances Laser Communications with Product Deliveries and Technology Milestones
MUNICH, DE / / June 5, 2025 / Mynaric, a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced significant customer deliveries of its CONDOR Mk3 optical communications terminals and major progress in the technical development of the next-generation CONDOR Mk3.1 terminal. "Mynaric continues to execute on its commitments and advance the market for space-based optical communications. As of today, we have delivered more than 100 CONDOR Mk3 terminals to our customers, including the first complete launch set to a prime customer for Tranche 1 of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture program," said Joachim Horwath, Chief Technology Officer of Mynaric. "In parallel, we are advancing the design of the space-qualified CONDOR Mk3.1 terminal, which is slated to support the SDA's Tranche 2 program, as well as a range of commercial applications." Building on the flight-ready architecture of the Mk3, the CONDOR Mk3.1 terminal is being developed with a focus on higher data rates and enhanced efficiency. Targeting up to 100 Gbps, it offers improved performance while reducing weight and power consumption - making it ideally suited for both government and commercial satellite constellations. "At Mynaric, we work hand-in-hand with our customers to shape the future of laser communications," said Tim Deaver, Mynaric's Vice President of Global Sales & Solutions. "Our next-generation products, like the CONDOR Mk3.1, are a direct result of ongoing collaboration with industry partners and a deep understanding of evolving mission requirements. By listening closely to customer feedback and anticipating market needs, we're able to deliver solutions that are not only technically advanced but also operationally relevant." This customer-driven approach is supported by a scalable production line that continues to expand. In parallel with these deliveries, Mynaric has ramped up volume production of the CONDOR Mk3 terminal, manufacturing more than 150 optical heads to date. While shipments were delayed in January 2025 due to supplier-related shortages of key components, the company rebounded strongly in the first half of the year, achieving triple-digit yields - underscoring its ability to scale industrialized manufacturing for space-based laser communications. "With the court confirming our restructuring plan and the StaRUG process entering its final stage, Mynaric is now focused on accelerating the deployment of next-generation optical communications technology, enhancing profitability, and ensuring long-term financial stability," said Andreas Reif, Chief Restructuring Officer of Mynaric. 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 operations in Los Angeles, California. For more information, visit Mynaric AG+49 8105 7999 0comms@ SOURCE: Mynaric AG View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
4 days ago
- Business
- Associated Press
Mynaric Advances Laser Communications with Product Deliveries and Technology Milestones
MUNICH, DE / ACCESS Newswire / June 5, 2025 / Mynaric, a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced significant customer deliveries of its CONDOR Mk3 optical communications terminals and major progress in the technical development of the next-generation CONDOR Mk3.1 terminal. 'Mynaric continues to execute on its commitments and advance the market for space-based optical communications. As of today, we have delivered more than 100 CONDOR Mk3 terminals to our customers, including the first complete launch set to a prime customer for Tranche 1 of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture program,' said Joachim Horwath, Chief Technology Officer of Mynaric. 'In parallel, we are advancing the design of the space-qualified CONDOR Mk3.1 terminal, which is slated to support the SDA's Tranche 2 program, as well as a range of commercial applications.' Building on the flight-ready architecture of the Mk3, the CONDOR Mk3.1 terminal is being developed with a focus on higher data rates and enhanced efficiency. Targeting up to 100 Gbps, it offers improved performance while reducing weight and power consumption - making it ideally suited for both government and commercial satellite constellations. 'At Mynaric, we work hand-in-hand with our customers to shape the future of laser communications,' said Tim Deaver, Mynaric's Vice President of Global Sales & Solutions. 'Our next-generation products, like the CONDOR Mk3.1, are a direct result of ongoing collaboration with industry partners and a deep understanding of evolving mission requirements. By listening closely to customer feedback and anticipating market needs, we're able to deliver solutions that are not only technically advanced but also operationally relevant.' This customer-driven approach is supported by a scalable production line that continues to expand. In parallel with these deliveries, Mynaric has ramped up volume production of the CONDOR Mk3 terminal, manufacturing more than 150 optical heads to date. While shipments were delayed in January 2025 due to supplier-related shortages of key components, the company rebounded strongly in the first half of the year, achieving triple-digit yields - underscoring its ability to scale industrialized manufacturing for space-based laser communications. 'With the court confirming our restructuring plan and the StaRUG process entering its final stage, Mynaric is now focused on accelerating the deployment of next-generation optical communications technology, enhancing profitability, and ensuring long-term financial stability,' said Andreas Reif, Chief Restructuring Officer of Mynaric. 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 operations in Los Angeles, California. For more information, visit Mynaric AG +49 8105 7999 0 [email protected] SOURCE: Mynaric AG press release
Associated Press
29-04-2025
- Business
- Associated Press
Mynaric Announces Peter Müller-Brühl as New Chair of Supervisory Board
Peter Müller-Brühl elected Chair of Mynaric's Supervisory Board, with Dr Manfred Krischke elected Vice-Chair MUNICH, DE / ACCESS Newswire / April 29, 2025 / Mynaric (FRA:M0YN)(OTC:MYNAY), a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced that existing Mynaric Supervisory Board member Peter Müller-Brühl has been elected Chair of the Supervisory Board, effective from April 24, 2025. Müller-Brühl, who has been a member of the company's Supervisory Board since July 2018, replaces Bulent Altan who resigned as Chair and member of the Supervisory Board on April 1, 2025. The Supervisory Board also elected Dr Manfred Krischke as Vice-Chair of the Supervisory Board. 'Having served as Vice-Chair, I am honored to take on the role of Chair at such a pivotal moment in Mynaric's journey. As the company undergoes substantial transformation, I am confident in our collective ability to ensure strong governance and build a resilient, forward-looking organization. I look forward to continuing our close collaboration within the Board and with the leadership team as we support Mynaric's next chapter.' Peter Müller-Brühl, Chair of the Supervisory Board The Supervisory Board consists of: More details on the Supervisory Board are available on the Mynaric website: 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 an additional location in Los Angeles, California. For more information, visit SOURCE: Mynaric AG press release
Broadcast Pro
15-03-2025
- Business
- Broadcast Pro
Rocket Lab to acquire controlling stake in Mynaric
Rocket Lab will acquire a majority stake in Mynaric for an initial $75m, payable in cash or shares, with an additional $75m tied to revenue targets. Rocket Lab has announced its intent to acquire a controlling equity position in Mynaric AG, a provider of laser optical communication terminals, pending regulatory approvals and the completion of Mynarics ongoing StaRUG restructuring proceedings under German law. The deal is set to finalise once Mynarics outstanding debt, currently held by certain lenders, converts into 100% equity ownership under the restructuring plan. The acquisition, if completed, would enhance Rocket Labs position as a premier provider of satellite launch services, spacecraft manufacturing and satellite components. The company aims to fund this acquisition and future expansions through equity offerings. Rocket Lab plans to leverage its expertise in scaling satellite subsystems to make Mynarics optical terminals more affordable and readily available to meet growing market demands. With an anticipated purchase price of approximately $75msignificantly lower than the over $300m previously invested in MynaricRocket Lab would establish its first European base in Munich, Germany. This acquisition would bring more than 300 engineers and staff into Rocket Labs workforce, presenting new growth opportunities in the European space sector. Through this deal, Rocket Lab would gain access to Mynarics production assets, intellectual property, product inventory, and committed backlog of satellite-to-satellite optical connectivity solutions. This acquisition aligns with Rocket Labs long-term strategy to vertically integrate its satellite manufacturing and operations. A key factor driving this acquisition is Mynarics role as a subcontractor to Rocket Lab. Mynaric supplies CONDOR Mk3 optical communication terminals for Rocket Labs $515m contract with the Space Development Agency (SDA) to produce 18 satellites for the Tranche 2 Transport Layer-Beta. Both companies share a broad customer base, including commercial constellation operators, prime contractors and government agencies. Rocket Lab intends to scale Mynarics production and introduce efficiencies to ensure timely delivery and cost-effectiveness. Rocket Lab founder and CEO Sir Peter Beck said: 'We have been very clear about this strategic direction for several years now Rocket Lab is pursuing every part of the space value chain. We launch our own rockets, we build satellites in constellation volumes, and now were closing in on the final step and most valuable part of the space economy operating our own constellations to provide data and services from space using our newly announced Flatellite spacecraft. Mynaric has paved the way in developing laser technology. Their team and technologies will make a compelling addition to our satellite component portfolio and we look forward to making the technology available at scale for our own constellations and those of our customers.' Under the non-binding term sheet signed with the lenders, Rocket Lab would acquire 100% of Mynarics equity following the completion of the StaRUG restructuring and the execution of a definitive agreement. The acquisition price is expected to be payable in cash or Rocket Lab common stock, with the potential for additional earn-out consideration of up to $75 million based on future revenue milestones. If the lenders or their affiliates invest additional funds into Mynaric post-restructuring but before the acquisition closes, the purchase price could be adjusted accordingly.
Los Angeles Times
14-03-2025
- Business
- Los Angeles Times
Rocket Lab USA to Acquire German Aerospace Contractor
Long Beach-based Rocket Lab USA Inc. announced a deal to acquire Mynaric, a German manufacturer of satellite components, in a deal that could be valued at up to $150 million. The initial purchase price would be $75 million with the potential to increase by an additional $75 million based on future revenue targets. 'Rocket Lab is pursuing every part of the space value chain. We launch our own rockets, we build satellites in constellation volumes, and now we're closing in on the final step and most valuable part of the space economy – operating our own constellations to provide data and services from space using our newly announced Flatellite spacecraft,' said Peter Beck, chief executive of Rocket Lab, in a statement. Mynaric is a leading provider of laser optical communications terminals for air, space and mobile applications. The company is based in Gilching, Germany. Mynaric is already a subcontractor to Rocket Lab and the companies share many customers, which strengthened the prospects for this acquisition. The deal could close by the end of the year, pending regulatory approval.
