Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) will deliver multiple laser communication flight terminals to an undisclosed customer in an initial deal valued at 1.7 million euros.
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.
This contract announcement validates that Mynaric’s products for inter-satellite links work well.
Multiple units of Mynaric’s inter-satellite product are to be delivered as part of the deal. The terminal, which is set to become the market’s first available laser inter-satellite link terminal designed for satellite constellations, provides both ultra-high data rates and link distances while meeting rigorous size, weight and power consumption specifications at very competitive price-targets.
Bulent Altan, Member of the Mynaric Executive Board, said this contract win will see the first launch of the company's constellation terminal into space. As the firm completes the final stages of the terminal's readiness and prepare for its entry into the market, Mynaric has increased the number of terminals in production to be able to support missions from additional customers, such as the one the company has announced, at short notice.
Markus Knapek, Co-founder of Mynaric, added that the company is delighted to have now secured this first launch opportunity and it’s great to see the firm's vision of becoming the prime supplier of laser communication technology taking yet another huge leap forward.