Mynaric made an announcement regarding a Memorandum of Understanding (MoU) recently signed, but isn't at liberty to provide much more information than the undisclosed company will build a Low Earth Orbit (LEO) satellite constellation planned for late 2019.
Information that can be made public includes the planned first launch of several satellites equipped with Mynaric’s laser communication products in late 2019.
The satellites will be part of a demonstration mission prior to rolling out the full constellation of an eventual several hundred satellites. The full constellation is expected to require upwards of 1,000 laser communication terminals. Mynaric is "in close collaboration and holding intensive technical discussions with the satellite manufacturer at this moment."
Dr. Markus Knapek, co-founder and member of the Mynaric Management Board said, "The announcement we are making today firmly establishes Mynaric as a key supplier for the emerging LEO constellations market. To be trusted by a satellite constellation builder to work on a key component of their constellation affirms our business strategy to cater for the LEO market as well as the airborne and ground segments. We are well on track to becoming the go-to supplier for laser communications for the entire aerospace industry."
Mynaric is a manufacturer of laser communication technologies used to establish communication networks in air and space. Its wireless laser data transmission products include ground stations and flight terminals, that allow very large quantities of data to be sent wirelessly over long distances between aircrafts, autonomous drones, high altitude platforms, satellites and the ground at high data rates.
Globally, the need for fast network connectivity is rapidly advancing. Since data networks are today largely based on infrastructure on the ground they cannot be expanded for legal, economic or logistical reasons resulting in the future expansion of the existing network infrastructure heading into air and space. With its wireless laser communication products Mynaric is positioned as a prime pioneer in this growth market.