Mynaric Advances Laser Communications with Product Deliveries and Technology Milestones

Rhea-AI Summary

Mynaric has achieved significant milestones in laser communications technology, delivering over 100 CONDOR Mk3 optical communications terminals to customers, including a complete launch set for the Space Development Agency's Tranche 1 program. The company is developing the next-generation CONDOR Mk3.1 terminal, targeting data rates up to 100 Gbps with improved efficiency and reduced weight and power consumption. Despite supplier-related delays in January 2025, Mynaric has manufactured more than 150 optical heads and achieved triple-digit yields in production. The company is currently finalizing its restructuring process under StaRUG, focusing on enhancing profitability and financial stability while advancing space-based optical communications technology.

Positive

• Successful delivery of over 100 CONDOR Mk3 terminals to customers
• Development of next-gen CONDOR Mk3.1 with enhanced capabilities up to 100 Gbps
• Manufacturing achievement of 150+ optical heads showing production scalability
• Strong production rebound with triple-digit yields after January delays
• Restructuring plan confirmed by court, moving towards financial stability

Negative

• Experienced supplier-related shortages causing shipment delays in January 2025
• Company undergoing restructuring process indicating previous financial difficulties

Insights

Aerospace Technology Analyst

Mynaric's delivery of 100+ laser terminals and development of next-gen technology strengthen market position despite recent restructuring challenges.

Mynaric has reached a significant operational milestone with the delivery of over 100 CONDOR Mk3 optical communications terminals, including a complete launch set for the Space Development Agency's (SDA) Tranche 1 program. This represents tangible progress in converting their technological leadership into commercial deliveries.

The company's production capabilities have demonstrated impressive scale, with more than 150 optical heads manufactured to date. Despite supplier-related delays in January 2025, Mynaric has recovered to achieve triple-digit yields in H1, validating their industrialized manufacturing approach for space-based laser communications.

The technical development of the CONDOR Mk3.1 terminal marks an important evolution in their product lineup. With targeted data rates of up to 100 Gbps and improvements in weight and power efficiency, this next-generation terminal is positioned to meet both government requirements (SDA Tranche 2) and emerging commercial constellation demands.

What's particularly noteworthy is Mynaric's dual-track execution – delivering current-generation products while simultaneously advancing next-generation technology. This approach helps mitigate technological obsolescence risks in the rapidly evolving satellite communications market.

The confirmation of their restructuring plan suggests the company is working through financial challenges. The mention of the StaRUG process (German stabilization and restructuring framework) indicates Mynaric has been implementing significant financial reorganization to ensure long-term stability while maintaining operational momentum in a capital-intensive industry.

MUNICH, DE / ACCESS Newswire / June 5, 2025 / Mynaric, a leading provider of industrialized, cost-effective, and scalable laser communications products, today announced significant customer deliveries of its CONDOR Mk3 optical communications terminals and major progress in the technical development of the next-generation CONDOR Mk3.1 terminal.

"Mynaric continues to execute on its commitments and advance the market for space-based optical communications. As of today, we have delivered more than 100 CONDOR Mk3 terminals to our customers, including the first complete launch set to a prime customer for Tranche 1 of the Space Development Agency's (SDA) Proliferated Warfighter Space Architecture program," said Joachim Horwath, Chief Technology Officer of Mynaric. "In parallel, we are advancing the design of the space-qualified CONDOR Mk3.1 terminal, which is slated to support the SDA's Tranche 2 program, as well as a range of commercial applications."

Building on the flight-ready architecture of the Mk3, the CONDOR Mk3.1 terminal is being developed with a focus on higher data rates and enhanced efficiency. Targeting up to 100 Gbps, it offers improved performance while reducing weight and power consumption - making it ideally suited for both government and commercial satellite constellations.

"At Mynaric, we work hand-in-hand with our customers to shape the future of laser communications," said Tim Deaver, Mynaric's Vice President of Global Sales & Solutions. "Our next-generation products, like the CONDOR Mk3.1, are a direct result of ongoing collaboration with industry partners and a deep understanding of evolving mission requirements. By listening closely to customer feedback and anticipating market needs, we're able to deliver solutions that are not only technically advanced but also operationally relevant."

This customer-driven approach is supported by a scalable production line that continues to expand. In parallel with these deliveries, Mynaric has ramped up volume production of the CONDOR Mk3 terminal, manufacturing more than 150 optical heads to date. While shipments were delayed in January 2025 due to supplier-related shortages of key components, the company rebounded strongly in the first half of the year, achieving triple-digit yields - underscoring its ability to scale industrialized manufacturing for space-based laser communications.

"With the court confirming our restructuring plan and the StaRUG process entering its final stage, Mynaric is now focused on accelerating the deployment of next-generation optical communications technology, enhancing profitability, and ensuring long-term financial stability," said Andreas Reif, Chief Restructuring Officer of Mynaric.

About Mynaric

Mynaric (FRA:M0YN)(OTC PINK:MYNAY) 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 operations in Los Angeles, California.

For more information, visit mynaric.com.

Mynaric AG
+49 8105 7999 0
comms@mynaric.com
www.mynaric.com

SOURCE: Mynaric AG

View the original press release on ACCESS Newswire

FAQ

How many CONDOR Mk3 terminals has Mynaric (MYNA) delivered as of June 2025?

Mynaric has delivered more than 100 CONDOR Mk3 terminals to customers, including a complete launch set for the SDA's Tranche 1 program.

What are the specifications of Mynaric's new CONDOR Mk3.1 terminal?

The CONDOR Mk3.1 terminal targets data rates up to 100 Gbps, featuring improved performance with reduced weight and power consumption compared to its predecessor.

How many optical heads has Mynaric manufactured for the CONDOR Mk3?

Mynaric has manufactured more than 150 optical heads for the CONDOR Mk3 terminal to date.

What challenges did Mynaric face in early 2025?

Mynaric experienced supplier-related shortages of key components in January 2025, causing shipment delays, but recovered with triple-digit yields in the first half of the year.

What is the current status of Mynaric's restructuring process?

The court has confirmed Mynaric's restructuring plan, and the StaRUG process is entering its final stage as the company focuses on enhancing profitability and financial stability.