Mynaric

📣 Today we launched our quarterly news update to keep you informed on our recent developments, achievements and strategic updates. Our first issue includes a recap of where we are making headlines, pics from our volume production facility and our recent industry show and conference participation. You can read the full update here: https://lnkd.in/gRc3Kaf3 #MynaricNews #InvestorNews #Updates

📰 What we are reading this week: an update on the race to create space data relay capabilities. Learn more about the future of optical communication from space to ground, and the possibility of a laser-enabled future in this #ConstellationsArticle featuring our VP of Global Sales and Solutions Tim Deaver. 🛰 Read the full article here: https://lnkd.in/eUi2rQnP #LaserCommunications #SatelliteCommunications #SpaceDataRelay

#ICYMI: Stefan Berndt-von Bülow, CFO, and Juan Carlos Lopez, COO, presented at the Jefferies Virtual Space Summit directly from our production hall. They provided a business update and an outlook for the #LaserCommunications industry. Watch the full #webcast here [registration required]: https://lnkd.in/gC_NDNKe

We are excited to share that we have been selected by ReOrbit for its upcoming mission UKKO, aimed at demonstrating secure space-to-space and space-to-ground communication for Earth Observation. Our CONDOR Mk3 free-space optical communications terminal will be used for these demonstrations. Read the entire announcement here: https://lnkd.in/ghpUmHGb #NewCustomer #NewSpace #EarthObservation #LaserCommunications #SecureCommunications

Today we announced the details of our preliminary unaudited financial results for the fiscal year ending December 31, 2023. “2023 marked a milestone year for Mynaric as we ended the year with record backlog of optical terminals, were awarded business with many marquee customers and prepared for serial production. In the first quarter of 2024, we completed our first CONDOR Mk3 shipment marking another significant milestone for the company.” -Mustafa Veziroglu Key 2023 and 2024 Highlights include: ·      Optical Communications Terminal Backlog at December 31, 2023 of 794 units (256 units as of December 31, 2022) and 829 as of June 20, 2024 ·      Cash in from Customer Contracts of EUR 49.2million in 2023 (EUR 18.3 million as of December 31, 2022) ·      Multiple wins with key customers such as Northrop Grumman, York Space Systems and Loft Federal for CONDOR Mk3 terminals, key contract with DARPA and the German government for multiple projects and a contract with commercial Japan-based constellation ·      Initial CONDOR Mk3 shipment achieved at the end of Q1 2024 Mynaric has scheduled a webcast to discuss its preliminary full-year 2023 financial results to be held today, June 20, 2024, at 12:00 p.m. Eastern Daylight Time (6:00 p.m. Central European Summer Time). Interested parties may listen to the webcast on the Investor Relations section of mynaric.com by pre-registering at the following registration link: https://lnkd.in/eShxTCPv Read the full release here: https://lnkd.in/egj2tXqb #FinancialUpdate #InvestorRelations

From our US office: Today, we remember and honor those who made the ultimate sacrifice for our freedom. #MemorialDay

✨ At #Mynaric, we're passionate about harnessing the power of light to revolutionize communication. On this International #DayofLight, we're proud to be at the forefront of #LaserCommunication technology, connecting the world faster and more efficiently than ever before. 🌐 From our state-of-the-art laser communication terminals to our groundbreaking research and development, Mynaric is shaping the future of connectivity. Today, as we commemorate the importance of light in our lives, we reaffirm our commitment to innovation and collaboration in advancing laser communication technology. 🛰 #InternationalDayofLight #LaserCommunications #Innovation #Connectivity

We are pleased to announce that Mynaric has been selected by Rocket Lab to supply #LaserCommunications terminals for the Space Development Agency's Tranche 2 Transport Layer (T2TL) – Beta program. The program is valued at approximately $15 million. “As an existing strategic supplier to the program, it’s great to be able to expand our customer list and to deliver our leading-edge technology solutions to Rocket Lab as it debuts as a defense prime and jointly deliver next-generation space capabilities to the SDA.” – Tim Deaver, Vice President, Global Sales & Solutions Read more: https://lnkd.in/g5uNur9n #NewCustomer #SemperCitius #PWSA

Our flagship #LaserCommunications terminal for space-to-space and space-to-ground applications – the CONDOR Mk3 – can connect to galaxies far, far away. #MayThe4th #StarWarsDay

📰 What we are reading this week. Earlier this month at the Space Foundation's #SpaceSymposium our CEO Mustafa Veziroglu connected with Madeline Durrett of Connectivity Business News to give her an update on how we make #LaserCommunications scalable as product shipments begin. “It changes the nature of the company from a development focus to a focus on shipping products and gaining revenue and cash flow from product operations. We’ve become a full-fledged manufacturing company.”  -Mustafa Read the entire article here [subscription required]: https://lnkd.in/dVAqT2bb