Shipments will help the Length Building Company’s Tranche 1 program

MUNICH, Sept. 16, 2024 /PRNewswire/ —  Mynaric (NASDAQ: MYNA) (FRA: M0YN), a well-known supplier of industrialized, cost-effective and scalable laser communications merchandise, as of late introduced the a hit development of the corporate’s quantity manufacturing ramp for the CONDOR Mk3. Mynaric continues to paintings thru up to now introduced manufacturing delays and has learned near-term growth in manufacturing turnovers and provide chain-related bottlenecks. Manufacturing delays of CONDOR Mk3 have been brought about by way of less than anticipated manufacturing turnovers and provider shortages of key parts.

“We remain committed to our mission to deliver laser communications products at scale to the market and meet our near-term customer requirements,” mentioned Joachim Horwath, Prominent Generation Officer and founding father of Mynaric. “Despite the setbacks we faced over the past few months, our team has worked tirelessly to address these challenges. We have implemented solutions to ensure the smooth continuation of our production process.”

“We are happy to report that the technical challenges on the production ramp are being addressed and I am working with Joachim to ensure that Mynaric is well positioned for future success,” mentioned Andreas Reif, Prominent Restructuring Officer of Mynaric. “Moving forward, Mynaric will continue to meet the current requirements of our customers.”

Tide shipments of the CONDOR Mk3 loose area perceptible communications device will likely be a part of america Length Building Company (SDA) Tranche 1 program. Mynaric was once decided on by way of Northrop Grumman as the only real provider of perceptible communications terminals for the SDA’s Tranche 1 Transport and Tracking Layer techniques and by way of York Length Techniques for the SDA’s Tranche 1 Delivery Layer. Mynaric was once additionally selected by Loft Federal to supply the CONDOR Mk3 terminals to NExT – the SDA’s Experimental Testbed.

As well as, Mynaric continues to pursue alternatives that discover the importance of free-space perceptible communications for supplementary area techniques. Mynaric has been identified as a key construction spouse in Phase 2 of DARPA’s Space-BACN program, was once decided on by way of the European Space Agency (ESA) to analyze perceptible applied sciences for after day high-throughput perceptible inter-satellite hyperlinks and was once decided on by way of the German executive for multiple projects to develop quantum communication capabilities.

As well as, Mynaric continues to diligently pursue supplementary capital assets to stock our on-going operations and manufacturing ramp. We proceed to judge a variety of other strategic choices to deal with our near-term capital wishes.

About Mynaric

Mynaric (NASDAQ: MYNA) (FRA: M0YN) is well-known the economic revolution of laser communications by way of generating perceptible communications terminals for wind, area and cellular programs. Laser verbal exchange networks serve connectivity from the sky, taking into account ultra-high knowledge charges and stock, long-distance knowledge transmission between transferring items for wi-fi terrestrial, mobility, airborne- and space-based programs. The corporate is headquartered in Munich, Germany, with supplementary places in Los Angeles, California, and Washington, D.C.

For more info, seek advice from mynaric.com. 

MEDIA CONTACT
Krista Hazen                                                                                   
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SOURCE Mynaric USA, Inc.

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