ReOrbit selects Mynaric's CONDOR Mk3 for Space-to-Space and Space-to-Ground
Laser Communications Demonstration

EQS-News: Mynaric AG / Key word(s): Incoming Orders
ReOrbit selects Mynaric's CONDOR Mk3 for Space-to-Space and Space-to-Ground
Laser Communications Demonstration

25.06.2024 / 13:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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MUNICH, June 25, 2024 - Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading
provider of industrialized, cost-effective and scalable laser communications
products, today announced that it has been selected by ReOrbit to supply its
CONDOR Mk3 terminal for its upcoming mission UKKO, aimed at demonstrating
secure space-to-space and space-to-ground communication for Earth
Observation.

"At ReOrbit, we firmly believe that the space industry is now entering the
era of horizontal consolidation and vertical cooperation. As a leading
player in the NewSpace economy, we work with an established supplier network
for the hardware components, and this time, we are happy to source CONDOR
Mk3 terminal from Mynaric for our upcoming UKKO mission. The future of space
applications, where data sharing and communications take place not only from
space to ground, but also from space to space - enabling satellites to
network, communicate with each other and thus improve mission efficiency,
starts today," commented Sethu Saveda Suvanam, CEO and Founder of ReOrbit.

"We are honored that ReOrbit has chosen our advanced laser communications
technology for their innovative software-first satellite," said Lubos
Fedora, Senior Sales and Business Development Manager of Mynaric. "Mynaric
has already proven that our terminals can link with others for satellite
interoperability and the success of this demonstration will highlight the
ability of ReOrbit satellites to operate within this framework."

This program strengthens Mynaric's position as a leading optical
communications technology supplier to European organizations and government
entities. Mynaric was previously selected by the European Space Agency (ESA)
to investigate optical technologies for next generation high-throughput
optical inter-satellite links and was selected by the German government for
multiple projects to develop quantum communication capabilities.

In the first quarter of 2024, Mynaric announced that volume production had
begun on the company's flagship space terminal - the CONDOR Mk3, which is
specifically designed for mass deployment as part of government and
commercial satellite constellations. Mynaric was previously selected by
Northrop Grumman as the sole supplier of optical communications terminals
for the SDA's Tranche 1 Transport and Tracking Layer programs and by York
Space Systems for the SDA's Tranche 1 Transport Layer. The company has also
been selected by Northrop Grumman for the Space Development Agency's Tranche
2 Beta and Alpha programs, by Rocket Lab for the SDA's Tranche 2 Transport
Layer - Beta program, by Loft Federal for SDA's Experimental Testbed NExT,
by Capella Space for commercial synthetic aperture radar (SAR) satellites,
and others. In addition, Mynaric was named a key development partner for
Phase 2 of DARPA's Space-BACN program.

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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25.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Mynaric AG
                   Bertha-Kipfmüller-Str. 2-8
                   81249 München
                   Germany
   Phone:          +49 8105 7999 0
   E-mail:         comms@mynaric.com
   Internet:       www.mynaric.com
   ISIN:           DE000A31C305
   WKN:            A31C30
   Indices:        Scale 30
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate
                   Exchange; Nasdaq
   EQS News ID:    1932557

End of News EQS News Service
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1932557 25.06.2024 CET/CEST