So far this year, Mynaric AG (DE:M0Y) has made significant advances in terminals for space deployment. This keeps it on track for commercial roll-out during 2019 and positions it as a potential key supplier to the mega-constellations of satellites and aerial platforms currently under development by companies such as Facebook (NASDAQ:FB), Google (NASDAQ:GOOGL) and SpaceX.
Significant technical and commercial progress
During Q118, a communications subsystem from Mynaric was launched on a third-party satellite. In September, Mynaric announced that the first optical ground station for satellite communications had successfully passed its site acceptance test, so it was beginning serial production of both ground-to-air and ground-to-space optical ground stations. In October, the company announced the signature of a memorandum of understanding with an undisclosed company building a low Earth orbit (LEO) satellite constellation. The first satellites equipped with Mynaric’s terminals should be launched in late-2019. Mynaric remains on track to complete development and qualification of its smallsat laser communication product in early-2019, which is in line with the timeline stated at the IPO. This paves the way for serial production and deployment on LEO mega-constellations thereafter.
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