Mynaric Wins New Customer with Order Volume of Around $24 Million

LOS ANGELES, CA / ACCESSWIRE / January 9, 2023 / Mynaric (NASDAQ:MYNA)(FRA:M0YN) has today entered into a definitive agreement with a new, undisclosed U.S.-based customer for the delivery of CONDOR Mk3 optical communication terminals. The order has a value of around $24 million, foresees payment milestones in the first and second half of 2023 and product deliveries in the second half of 2023.

About Mynaric

Mynaric (NASDAQ: MYNA) (FRA: M0YN) 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 locations in Los Angeles, California, and Washington, D.C.

For more information, visit mynaric.com.

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Media contact
Krista Hazen
krista.hazen@mynaricusa.com
+1 (614) 915-4383

Investor contact
Tom Dinges
tom.dinges@mynaric.com
+1 (202) 900-8332

SOURCE: Mynaric AG