The German start-up Mynaric is a laser communication company and produces a key geopolitical technology: laser products allowing for high data rate and long-distance wireless data transmission between moving objects for terrestrial, airborne and space applications. The technology is so important that the German government even imposed strict export controls to several countries.
On May 26, Mynaric reported that it becomes the first company to successfully demonstrate the Optical Inter-Satellite Link (OISL) Standard of the Space Development Agency (SDA). The demonstration marks yet another positive achievement in support of SDA’s efforts to establish the National Defense Space Architecture, a large-scale satellite constellation providing a range of capabilities to U.S. warfighters and to be comprised of several hundred laser-linked satellites. The governmental customers are also planning laser data links to drones that cannot be intercepted and are as interference-proof as possible.
Mynaric was founded in 2009 with the goal of commercializing wireless laser communication for aerospace applications. In 2012, the company started working with customers on demonstrations of air-to-ground and air-to-air scenarios to advance technology and achieve product-level maturity. The products provide backbone connectivity to link aircraft, unmanned aerial vehicles, high altitude platforms, satellites and their respective ground stations. They are designed to meet the demanding conditions of aerial and space applications.
Mynaric recorded a 52.9% rise in revenue for the fiscal year 2020, up to EUR 679 thousand (previous year: EUR 444 thousand). A consolidated net loss for the year was recorded of EUR -22,744 thousand (EUR -7,667 thousand). The shares rose as much as 40% within a year.