Mynaric AG

Mynaric AG engages in the provision of laser communication solutions. It engages in the business of development, manufacture, sale, and operation of laser communication network equipment, software, systems, and solutions, particularly for aerospace applications and related products. It operates through the Space segment and Air segment. The Space segment is composed of the CONDOR terminal. The Air segment represents the HAWK terminal. The company was founded by Markus Knapek, Joachim Horwath, and Dirk Giggenbach on June 15, 2009 and is headquartered in Gilching, Germany.

Initial Shipment Leaves Munich Production Facility MUNICH , April 3, 2024 /PRNewswire/ -- Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced a milestone in the product maturity of the company's flagship free space optical communications terminal for space-to-space and space-to-ground applications - the CONDOR Mk3. Volume production for the optical communications terminal began early in the first quarter of 2024 with an initial shipment made last week following customer approval.

Volume Production Begins for Mynaric's Flagship Space Laser Terminal - CONDOR Mk3

MUNICH, GERMANY / ACCESSWIRE / March 30, 2024 / Mynaric AG (NASDAQ:MYNA)(ISIN: US62857X1019)(FRA:M0YN)(ISIN: DE000A31C305) (the "Company") today, following customer approval, shipped the first flight model CONDOR Mk3 optical head and updates the Company's volume production and shipment expectations as most recently provided on January 10, 2024. Serial production of CONDOR Mk3 terminals started in the first quarter of 2024, and the Company currently expects further increases in production and shipments to continue in the second quarter of 2024.

Mynaric Starts Volume Production and Makes Initial Shipment

MUNICH, GERMANY / ACCESSWIRE / March 14, 2024 / Mynaric AG (NASDAQ:MYNA; ISIN: US62857X1019)(FRA:M0YN; ISIN: DE000A31C305) (the "Company") today decided on an amendment to its existing US$75 million loan agreement with its US-based lenders, which are funds affiliated with a U.S.-based global investment management firm (the "Lenders"), to increase the borrowing capacity on the loan agreement by US$20 million utilizing a delayed draw facility provided on substantially the same terms and conditions as the existing term loan facility. As is the case for the existing term loan facility, the borrower under the delayed draw facility will be the Company's wholly-owned subsidiary, Mynaric USA Inc. The US$20 million delayed draw facility is available until September 2025 and, as is the case for the existing term loan facility, loans drawn thereunder will be guaranteed by the Company and each of its subsidiaries, and will be secured by a security interest in substantially all of the assets of the borrower and each of the guarantors.

Mynaric Increases USD 75 million Borrowing Capacity on Loan Agreement by USD 20 million

LOS ANGELES, CA / ACCESSWIRE / January 16, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, has been selected as a key development partner of Phase 2 of the Space-based adaptive communications node (Space-BACN) program of the Defense Advanced Research Projects Agency (DARPA). DARPA's Space-BACN program envisions a low-cost, scalable optical communications terminal that could be reconfigured to work with various optical intersatellite link standards allowing seamless communication among government and commercial LEO satellite constellations.

Mynaric Selected for Phase 2 of DARPA Space-BACN Program

MUNICH, GERMANY / ACCESSWIRE / January 10, 2024 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today reported on key performance indicators for the year ending December 31, 2023. As of December 31, 2023, the optical communications terminal backlog and cash-in from customer contracts is as follows: Optical communications terminal backlog: 794 units (FY23 guidance as of November 10, 2023: >500 units) Cash-in from customer contracts: EUR 49.2 million (FY23 guidance as of November 10, 2023: EUR >30 million) IFRS-15 revenue and operating loss: Based on preliminary, unaudited numbers the company expects revenue and operating loss in-line with the previously communicated range (FY23 guidance as of November 10, 2023: around the same level from 2022 of EUR 4.4 million for revenue and EUR 73.8 million for operating loss) The vast majority of the optical communications terminals in backlog as of December 31, 2023 includes deliverables with key aerospace and defense customers that are related to government-funded satellite constellations with the bulk deliveries scheduled to start in the first quarter of 2024 and continue into 2025 and 2026, which provides Mynaric with excellent revenue and cash flow visibility on these programs.

Mynaric Reports on Key Performance Indicators for 2023

MUNICH, GERMANY / ACCESSWIRE / December 13, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement with Northrop Grumman for the delivery of optical communication terminals in the framework of the U.S. Government's Space Development Agency Tranche 2 Transport Layer-Alpha space vehicles program. The contract, with a value of around US $33 million, foresees payment milestones starting early 2024 and continuing throughout 2025 with product deliveries beginning in 2024 and continuing until 2026.

Mynaric Receives US $33 million Order from Northrop Grumman

MUNICH, GERMANY / ACCESSWIRE / November 29, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement for an additional order from an existing undisclosed US-based customer for the delivery of CONDOR Mk3 optical communication terminals. The contract, with a value of around US $30 million, foresees payment milestones starting in 2023 and continuing throughout 2024 and 2025 with product deliveries beginning in mid-2024 and continuing into 2025.

Mynaric Secures Another Contract with a U.S. Customer for its CONDOR Mk3 Terminals

MUNICH, GERMANY / ACCESSWIRE / November 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today announced an update to full-year 2023 guidance for its key financial performance metrics: Optical Communications Terminal Backlog(1): the company now expects more than 500 units in backlog by the end of 2023, based on today's existing orders, compared to the previously communicated guidance of a significant increase relative to the 256 units reported at year-end 2022. The guidance is increased due to program wins throughout 2023 with multiple customers in both the government and commercial markets and delayed deliveries of terminals already in backlog.

Mynaric Updates Guidance for 2023

MUNICH, GERMANY / ACCESSWIRE / November 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced that CFO, Stefan Berndt-von Bülow, will participate in the following investor conference: Deutsches Eigenkapitalforum Frankfurt am Main, Germany November 27 - 29, 2023 Further information including details regarding the public webcast of these events will be found on the Mynaric Investor Relations website at www.mynaric.com/investor-relations/calendar/. About Mynaric Mynaric (NASDAQ:MYNA)(FRA:M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications.

Mynaric Announces Management Participation in Upcoming Investor Conference

Mynaric develops laser communication technology for the aerospace and defense industries, with potential for commercial applications. The company's customer base includes government agencies and high-profile companies such as Northrop Grumman and L3Harris Technologies. MYNA faces competition from established aerospace giants and risks of shareholder dilution but has the potential for profitability in the future.

Mynaric: Not The Lasercom Tech Stock With Futuristic Stock Price Growth

MUNICH, GERMANY / ACCESSWIRE / November 2, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement with Northrop Grumman for the delivery of optical communication terminals in the framework of the U.S. government's Space Development Agency Tranche 2 Transport Layer-Beta space vehicles program. The contract with a value of around US-$ 25 million foresees payment milestones starting in 2023 and continuing throughout 2024 and 2025 with product deliveries beginning in 2024 and continuing until 2026.

Mynaric Receives US-$25 million Order from Northrop Grumman

MUNICH, GERMANY / ACCESSWIRE / November 1, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it entered into an additional definitive agreement with a previously undisclosed U.S.-based customer for the delivery of CONDOR Mk3 optical communication terminals. The order has a value of around $6 million, foresees payment milestones in Q4 2023 and 2024 and product deliveries in the second half of 2024.

Mynaric Secures Additional Contract with U.S. Customer for its CONDOR Mk3 Terminals

MUNICH, GERMANY / ACCESSWIRE / October 12, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) today announced that CEO, Mustafa Veziroglu, and CFO, Stefan Berndt-von Bülow, will participate in the following investor conferences during the fourth quarter of 2023: Deutsche Bank 2023 Global Space Summit New York, New York, USA November 15, 2023 UBS Aerospace and Defense Conference 2023 Palm Beach, Florida, USA November 16-17, 2023 Morgan Stanley 6th Annual Space Summit New York, New York, USA December 5, 2023 Further information including details regarding the public webcast of these events will be found on the Mynaric Investor Relations website at www.mynaric.com/investor-relations/calendar/. About Mynaric Mynaric (NASDAQ:MYNA)(FRA:M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications.

Mynaric Announces Management Participation in Upcoming Investor Conferences

Optical communications terminal passes rigorous test campaign in context of the Tranche 1 program of the Space Development Agency MUNICH, GERMANY / ACCESSWIRE / September 28, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced an important product milestone of its CONDOR Mk3 optical communications terminals. After an intensive test campaign, CONDOR Mk3 passed optical verification and phase 1 of interoperability tests in context of the Tranche 1 program of the Space Development Agency (SDA) confirming the product's compliance with the SDA's Optical Communications Terminal (OCT) Standard.

Mynaric Passes Major Product Milestone of CONDOR Mk3, Completing Verification and Interoperability Tests

Mynaric AG (NASDAQ:MYNA ) Q2 2023 Earnings Conference Call September 14, 2023 12:00 PM ET Company Participants Tom Dinges - VP, IR Mustafa Veziroglu - CEO Stefan Bulow - CFO Conference Call Participants Greg Konrad - Jefferies Operator Good day, and thank you for standing by. And welcome to Mynaric 2023 Half Year Results Conference Call.

Mynaric AG (MYNA) Q2 2023 Earnings Call Transcript

Continued traction on key performance indicators as company prepares for serial production and shipments to key customers in 2H23 MUNICH, GERMANY / ACCESSWIRE / September 14, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announces results for the half year ending June 30, 2023. "In the first half of 2023 we showed continued success as we capitalize on the significant opportunity ahead of us and the adoption of laser communications across multiple domains accelerates," said Mustafa Veziroglu, CEO of Mynaric.

Mynaric Announces Half-Year 2023 Results

MUNICH, GERMANY / ACCESSWIRE / September 7, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced it has scheduled a webcast to discuss its preliminary unaudited half-year 2023 financial results for Thursday, September 14, 2023, at 12:00 p.m. Eastern Daylight Time (6:00 p.m.

Mynaric Announces Date of Preliminary Half-Year 2023 Financial Results Webcast

Multiple experiments to be conducted during demonstration LOS ANGELES, CA / ACCESSWIRE / August 22, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it has been selected by the Space Development Agency (SDA) to contribute to an optical ground terminal demonstration. The research and development program's mission, slated for 2025, is to demonstrate the successful connection between various space-based optical communications terminals (OCTs) and an optical ground station designed by Mynaric.

Space Development Agency Taps Mynaric for Optical Ground Station Project

MUNICH, GERMANY / ACCESSWIRE / August 8, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced key results of the company's annual general assembly held on August 7, 2023. Following shareholder approval, industry veterans Bulent Altan and Margaret Abernathy joined Mynaric's Supervisory Board after receiving the requisite number of votes during the annual general assembly.

Mynaric Annual General Assembly: Bulent Altan Elected by Shareholders to Join Supervisory Board, Mustafa Veziroglu Now Sole CEO

Company receives top honor in the SME/Scale-Up category MUNICH, GERMANY / ACCESSWIRE / July 13, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today was awarded the top honor in the "Best Submitted Idea" in the SME/Scale-up category at the INNOspace Masters Highlight Conference hosted by the German Space Agency of the DLR. This award recognizes pioneers and innovative ideas to advance the next generation of space technology.

Mynaric wins INNOSpace Masters Award from the German Space Agency at the DLR

SDA increases satellites in program following budget increase LOS ANGELES, CA / ACCESSWIRE / June 21, 2023 / Mynaric (NASDAQ:MYNA) (FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it has been selected by Raytheon Technologies to supply optical communications terminals for the Space Development Agency (SDA) Tranche 1 Tracking Layer program. Raytheon Technologies was.

Mynaric AG: Mynaric Selected by Raytheon Technologies to Supply Optical Communications Terminals for SDA Tranche 1 Tracking Layer Program

MUNICH, GERMANY / ACCESSWIRE / May 11, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced that the management and supervisory board jointly decided on a plan to further optimize the leadership structure of Mynaric. The plan foresees that Mustafa Veziroglu will become the sole CEO of Mynaric, effective from the next Annual General Assembly of Mynaric in early Q3 2023 to solely lead Mynaric's operational day-to-day business and upcoming serial production, while current Co-CEO, Bulent Altan, is set to join the Supervisory Board of Mynaric pending shareholder approval allowing him to leverage his vast network across the industry for the benefit of the company more efficiently.

Mynaric Optimizes Management Structure: Mustafa Veziroglu Will Become Sole CEO with Bulent Altan Set to Join Supervisory Board

GILCHING, GERMANY / ACCESSWIRE / May 11, 2023 / The Supervisory Board of Mynaric AG (NASDAQ:MYNA)(FRA:M0YN) and the Co-CEO of the Company, Bulent Altan, in alignment with the further members of the Management Board have today agreed on the intended transfer of Mr. Altan to the Supervisory Board of the Company.

Mynaric: Co-CEO Bulent Altan Aims for Transfer to the Company's Supervisory Board; Co-CEO Mustafa Veziroglu will Become the Sole CEO

LOS ANGELES, CA / ACCESSWIRE / May 2, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced that it entered into a definitive agreement for the sale of CONDOR Mk3 terminals to Loft Federal, a subsidiary of Loft Orbital. Loft Federal was selected to produce, deploy and operate NExT - the Space Development Agency's (SDA) Experimental Testbed and will use the terminals to support secure and reliable communications.

Mynaric Receives Order from Loft Federal for CONDOR Mk3 Optical Communications Terminals to Support NExT – SDA's Experimental Testbed

Mynaric AG (NASDAQ:MYNA ) Q4 2022 Earnings Conference Call April 27, 2023 12:00 PM ET Company Participants Thomas Dinges - Vice President, Investor Relations Bulent Altan - Co-Chief Executive Officer Mustafa Veziroglu - Co-CEO Stefan Berndt-Von Bulow - Chief Financial Officer Conference Call Participants Gregory Konrad - Jefferies Scott Deuschle - Credit Suisse Zafer Rüzgar - Pareto Securities Operator Good day, and thank you for standing by. Welcome to the Mynaric Preliminary Full Year 2022 Results Conference Call.

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