ReOrbit selects Mynaric's CONDOR Mk3 for Space-to-Space and Space-to-Ground Laser Communications Demonstration

Rhea-AI Summary

Mynaric (NASDAQ:MYNA) has been chosen by ReOrbit to supply its CONDOR Mk3 terminal for ReOrbit's UKKO mission, aimed at demonstrating secure space-to-space and space-to-ground laser communications. This selection reinforces Mynaric's standing as a premier provider of optical communications technology for European organizations. Mynaric's terminals have been previously validated in linking satellites for interoperability. The CONDOR Mk3 is designed for mass deployment in both government and commercial satellite constellations. The company has also secured several contracts with prominent entities like Northrop Grumman, York Space Systems, and Capella Space, highlighting its robust market presence. Notably, Mynaric was selected by the European Space Agency (ESA) for high-throughput optical inter-satellite link investigations and by the German government for quantum communication projects.

Positive

• Mynaric has been selected by ReOrbit for the UKKO mission, enhancing its market credibility.
• The CONDOR Mk3 terminal is designed for mass deployment, indicating scalability and commercial potential.
• Previous validation of Mynaric's terminals in satellite interoperability strengthens its technological reliability.
• Secured contracts with Northrop Grumman, York Space Systems, and Capella Space demonstrate a strong client base and demand for Mynaric's products.
• Selection by the European Space Agency (ESA) and the German government underscores Mynaric's leadership in optical and quantum communication technologies.

Negative

• None.

MUNICH, GERMANY / ACCESSWIRE / June 25, 2024 / 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 ReOrbit to supply its CONDOR Mk3 terminal for its upcoming mission UKKO, aimed at demonstrating secure space-to-space and space-to-ground communication for Earth Observation.

"At ReOrbit, we firmly believe that the space industry is now entering the era of horizontal consolidation and vertical cooperation. As a leading player in the NewSpace economy, we work with an established supplier network for the hardware components, and this time, we are happy to source CONDOR Mk3 terminal from Mynaric for our upcoming UKKO mission. The future of space applications, where data sharing and communications take place not only from space to ground, but also from space to space - enabling satellites to network, communicate with each other and thus improve mission efficiency, starts today," commented Sethu Saveda Suvanam, CEO and Founder of ReOrbit.

"We are honored that ReOrbit has chosen our advanced laser communications technology for their innovative software-first satellite," said Lubos Fedora, Senior Sales and Business Development Manager of Mynaric. "Mynaric has already proven that our terminals can link with others for satellite interoperability and the success of this demonstration will highlight the ability of ReOrbit satellites to operate within this framework."

This program strengthens Mynaric's position as a leading optical communications technology supplier to European organizations and government entities. Mynaric was previously selected by the European Space Agency (ESA) to investigate optical technologies for next generation high-throughput optical inter-satellite links and was selected by the German government for multiple projects to develop quantum communication capabilities.

In the first quarter of 2024, Mynaric announced that volume production had begun on the company's flagship space terminal - the CONDOR Mk3, which is specifically designed for mass deployment as part of government and commercial satellite constellations. Mynaric was previously selected by Northrop Grumman as the sole supplier of optical communications terminals for the SDA's Tranche 1 Transport and Tracking Layer programs and by York Space Systems for the SDA's Tranche 1 Transport Layer. The company has also been selected by Northrop Grumman for the Space Development Agency's Tranche 2 Beta and Alpha programs, by Rocket Lab for the SDA's Tranche 2 Transport Layer - Beta program, by Loft Federal for SDA's Experimental Testbed NExT, by Capella Space for commercial synthetic aperture radar (SAR) satellites, and others. In addition, Mynaric was named a key development partner for Phase 2 of DARPA's Space-BACN program.

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. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.

For more information, visit mynaric.com.

Company: Mynaric AG
Bertha-Kipfmüller-Str. 2-8
81249 München
Germany
Phone: +49 8105 7999 0
E-mail: comms@mynaric.com
www.mynaric.com

SOURCE: Mynaric AG

View the original press release on accesswire.com

FAQ

What is the significance of Mynaric's selection by ReOrbit for the UKKO mission?

Mynaric's selection by ReOrbit for the UKKO mission highlights its advanced capabilities in space-to-space and space-to-ground laser communications, reinforcing its market position.

What is Mynaric's CONDOR Mk3 terminal?

The CONDOR Mk3 terminal, developed by Mynaric, is designed for mass deployment in government and commercial satellite constellations to facilitate secure laser communications.

How has Mynaric proven its technology in the past?

Mynaric has validated its technology through successful interoperability of its terminals in satellite links and securing contracts with major organizations like Northrop Grumman and York Space Systems.

What other significant contracts has Mynaric secured?

Mynaric has secured contracts with Northrop Grumman for the SDA's Tranche 1 and Tranche 2 programs, York Space Systems, Rocket Lab, Loft Federal, and Capella Space.

What are some of Mynaric's government collaborations?

Mynaric has collaborated with the European Space Agency (ESA) for optical technology investigations and the German government for developing quantum communication capabilities.