Report
Richard Williamson

Mynaric - Industrial age of laser communications

In FY20 Mynaric was selected to provide laser communications terminals for two separate US government constellations. This is clear evidence that satellite networks are beginning to deploy optical inter-satellite links and that Mynaric is seen as having the technical expertise and production capacity to deliver terminals in relatively high volumes. This puts Mynaric in a good position to take market share as demand for terminals starts to grow.
Underlying
Mynaric AG

Mynaric AG is a Germany-based holding company specializing in laser communication technologies for high-bandwidth and long distance point-to-point communication between moving objects for terrestrial, airborne and space applications. Its wireless data transmission products include Optical Ground Stations, Air-to-Ground, Air-to-Air and Space Terminals, as well as subcomponents and custom solutions. Applications for the Company's products include high altitude networks, secure remote surveillance, downlinks for Earth observation satellites, satellite constellations and Smart City infrastructure, among others. The Company cooperates with the German Aerospace Center (DLR) in research on free-space optical communication. The Company provides centralized services for the Mynaric Group, which consists of Mynaric Lasercom GmbH and Mynaric USA, Inc., a branch in the United States, supporting North American customers on special projects.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Richard Williamson

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