Insider Brief:
- Mynaric announced an order for a small number of CONDOR Mk3 terminals by Japan-based WARPSPACE.
- The terminals will be used to establish a commercial optical data relay network for Earth observation satellites.
- The order marks Mynaric’s first sale in the Japanese space industry, which is expected to grow from US $9 billion today to over US $30 billion by 2050.
PRESS RELEASE — Munich & Tokyo / January 24, 2023 – Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced an order for a small number of CONDOR Mk3 terminals by Japan-based WARPSPACE. The terminals will be used by WARPSPACE to establish a commercial optical data relay network for Earth observation satellites with product deliveries scheduled for 2023, 2024 and 2025.
“WARPSPACE is building a highly capable optical data relay network in space to solve today’s communication bottleneck experienced by Earth observation satellites that need to transmit huge amounts of data to the ground in near real-time,” said Hiromitsu Azuma, COO of WARPSPACE. “We are happy to have found with Mynaric’s CONDOR product a suitable solution for our laser communications needs, as well as the needs of our customers. We look forward to receiving the units for subsequent satellite integration and launch.”
The order marks Mynaric’s first sale in the Japanese space industry, which is expected to grow from US $9 billion today to over US $30 billion by 2050, according to a market report by the New Zealand Ministry of Foreign Affairs and Trade.
“We are grateful for WARPSPACE to entrust us with the laser communication capabilities needed for their optical data relay satellite network,” said Tina Ghataore, CCO of Mynaric. “With our first customer in Japan signed, we continue to earn the trust of our global customers and expand our commercial market share by delivering on our mission to make industrialized optical communications terminals widely available for a large range of applications.”
Mynaric’s CONDOR family of optical communications terminals is specifically designed for mass deployment as part of government and commercial satellite constellations. It has previously been selected by Northrop Grumman for the Space Development Agency’s (SDA) Tranche 1 Tracking Layer and the Tranche 1 Transport Layer programs, by Capella Space for commercial synthetic aperture radar (SAR) satellites, by Telesat for the DARPA Blackjack programand others. In addition, Mynaric was named a key development partner for Phase 1 of DARPA’s Space-BACN program and was selected by the European Space Agency (ESA) to investigate optical technologies for next generation high-throughput optical inter-satellite links.
Contact Information:
Krista Hazen
t +1 202 900 9966
e [email protected]
SOURCE: Myinaric
Featured image: CONDOR Mk3 optical head. Credit: Mynaric
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