BRIEF

on Mynaric AG (isin : DE000A0JCY11)

Mynaric Initiates Volume Production and Completes First Shipment

MUNICH, March 30, 2024 – Mynaric AG, a leading company in laser communications, announced the commencement of volume production with the shipping of the first flight model CONDOR Mk3 optical head. This milestone marks the launch of serial production for the CONDOR Mk3 terminals, which began in the first quarter of 2024. Mynaric anticipates further increases in production and shipments during the second quarter of 2024.

This progress update expands on the company’s previous forecasts made on January 10, 2024, suggesting a positive outlook for its production capabilities and market aspirations. Mynaric, listed on NASDAQ (MYNA) and the Frankfurt Stock Exchange (M0YN), delineated that the shipment follows the approval from a customer, indicating a strong market demand for its optical communication terminals. These developments illustrate Mynaric's strides in scaling up operations and reinforcing its position in the laser communications sector.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Mynaric AG news