EQS-News

Mynaric delivers CONDOR Mk2 terminals to Telesat Government Solutions for DARPA’s Blackjack program

EQS-News: Mynaric AG / Key word(s): Miscellaneous Mynaric delivers CONDOR Mk2 terminals to Telesat Government Solutions for DARPA’s Blackjack program 08.02.2023 / 14:15 CET/CEST The issuer is solely responsible for the content of this announcement. Delivery of flight-ready Optical Communications Terminals marks important milestone toward product space flight heritage

 

LOS ANGELES and MUNICH, February 8, 2023 –  Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced the delivery of multiple CONDOR Mk2 optical communications terminals to Telesat Government Solutions (GS), a wholly-owned U.S.-based subsidiary of leading satellite operator Telesat (NASDAQ and TSX: TSAT). Mynaric’s first delivery of flight-ready CONDOR optical communications terminals for space applications marks an important milestone towards the product family’s space flight heritage. Next, the terminals will be mounted to the Croupier satellites as part of the Defense Advanced Research Projects Agency’s (DARPA) Blackjack Track B program and subsequently launched to space to commence the mission’s operations.

“The delivery of flight-ready space products marks an important milestone in Mynaric’s history as we get a big step closer to establishing space heritage within the next few months,” said Bulent Altan, Co-CEO of Mynaric. “We have prepared for this inaugural customer mission of our CONDOR product through extensive product development and testing by our team and close collaboration with the team at Telesat GS. Now we look forward to the final phase of launch preparations and to the mission’s operational phase which will further cement the importance of laser communications technology in proliferated-LEO constellations.”

“With satellite programs moving from the drawing board to implementation we are now fully focused on delivering industrialized and cost-effective optical communications terminals at scale to the hands of our customers,” said Mustafa Veziroglu, Co-CEO of Mynaric. “Our laser communications products are on track for significant production ramp up this year and we are looking forward to shipping flight-ready units to existing and prospective customers this year onwards.”