DGAP-News SpaceLink and Mynaric join forces; sign term sheet on sale of laser communication products and expansion of product portfolio
DGAP-News: Mynaric AG / Key word(s): Letter of Intent
Partnership Accelerates the Deployment of Optical Inter-Satellite Link Terminals in MEO
May 12th, 2021, Washington, D.C. - Mynaric and SpaceLink today agreed on the framework of a partnership to expand Mynaric's laser communication product portfolio for use in SpaceLink's data relay network. The strategic relationship will help drive forward the SpaceLink satellite relay service, which provides secure, continuous, high-capacity communications between low Earth orbit (LEO) spacecraft and the ground.
The companies will work together to expand Mynaric's product portfolio with an optical inter-satellite link (OISL) terminal for satellites in medium Earth orbit (MEO), where the SpaceLink constellation will operate. The new terminal will also be compatible with the Space Development Agency (SDA) Transport Layer.
Mynaric will supply more than 40 OISL terminals as part of the plan outlined in a term sheet, which includes units of the new, advanced product for satellites in MEO as well as units of Mynaric's CONDOR terminals for SpaceLink LEO customers. SpaceLink and Mynaric have also agreed to an option that would increase the number of terminals delivered upon SpaceLink's expansion of its MEO constellation.
Laser communication technology is critical for SpaceLink to build the communication superhighways for the new space economy. Mynaric's product portfolio is a natural choice as it meets SpaceLink's programmatic requirements, provides high performance, and is fully compliant with the OISL Standard driven by the SDA. This is a major benefit that allows SpaceLink to serve the largest possible range of commercial and government customers.
SpaceLink is building its high-capacity data relay network to meet pent-up demand for continuous, fast, and secure access to the growing amount of data available from space. The Always in Sight(TM) constellation helps satellite operators maximize the value of on-orbit assets with near real time transmission of user data to the ground for immediate access via the Internet, private cloud, or other secure delivery. Mynaric was selected as a supplier to support SpaceLink's mission given its industrialized approach towards the production of advanced laser communication products.