Mynaric Wins €1.7 million Contract to deliver Satellite Constellation Laser Communication Terminals

  • 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.

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Mynaric Raises EUR 11M in Post-IPO Financing at EUR 55 per share

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.
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