May 12, 2021, Washington, D.C. – Mynaric and SpaceLink today signed a term sheet for the sale of more than 40 laser communication products to SpaceLink and outlining the expansion of Mynaric’s product portfolio to support satellites in medium Earth orbit (MEO). The sale of laser communication products will comprise new optical inter-satellite links (OISL) terminals for satellites in MEO as well as additional units of Mynaric’s CONDOR terminals for satellites in low Earth orbit (LEO). The terms also include an option for the sale of additional terminals subject to SpaceLink’s expansion of its constellation. SpaceLink plans to utilize these terminals for its data relay satellite constellation serving commercial and government customers. The parties intend to negotiate in good faith a definitive agreement in the coming weeks.

About Mynaric

Mynaric is a manufacturer of laser communication technologies used to enable communication and surveillance applications in air and space. Its laser data transmission products include ground and flight terminals, which allow very large quantities of data to be sent wirelessly and securely over long distances between aircraft, autonomous drones, high-altitude platforms, satellites and the ground.

Globally, the need for fast and secure connectivity is advancing inexorably. Data networks are today largely based on infrastructure on the ground, which cannot be expanded arbitrarily for legal, economic or practical reasons. The future therefore calls for an expansion of the existing network infrastructure into air and space. With its laser data transmission products Mynaric is positioned as a pioneer in this growth market.

For more information see: www.mynaric.com