Mynaric announces deal for the delivery of multiple space laser communication terminals worth EUR 1.7mContract 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.
Today’s contract announcement is clear proof that Mynaric’s cost-effective laser communication products for inter-satellite links are both commercially and technologically attractive. The selection of Mynaric’s flagship inter-satellite link terminal by the customer is affirmation of Mynaric’s leading position in the aerospace connectivity market.
“This contract win will see the first launch of our constellation terminal into space. As we complete the final stages of the terminal’s readiness and prepare for its entry into the market, we have increased the number of terminals in production to be able to support missions from additional customers, such as the one we ...