• Study comes on the heels of Mynaric's product unveiling and production ramp-up
• Industry analysts expect 2020 to be the inflection point for commercial satellite constellations
• Newly-initiated study is available to professional investors and provides in-depth analysis of Mynaric's investment case

Munich, January 8, 2020 - Shares in Mynaric (ISIN: DE000A0JCY11 / WKN: A0JCY1) have today received a 'buy' rating and a EUR 75 price target from one of the longest-established private banks in Europe, Hauck & Aufhäuser.

The newly-initiated coverage, with an initial report title of "Reaching for the stars" and authored by stock analyst Tim Wunderlich, offers comprehensive analysis of Mynaric as an investment case.

Today's report follows Mynaric's recent product unveiling and news that it has more than 30 laser communication units in production cycle planned for 2020: a figure that sets Mynaric apart from any other laser communication company in the world. First HAWK AIR terminals for airborne applications are currently being completed this month and first CONDOR terminals designed for satellite constellations will become available from the second half of 2020.

The publication also comes at the start of a year that will see an inflection point for satellite constellations, most of which plan to deploy laser communication systems as soon as they become available. Proof of this commercial turning point is demonstrated by companies such as SpaceX - just one of numerous companies building a spaceborne constellation - which has already launched three batches of satellites for its constellation and whose COO is on record committing the company to at least two launches a month throughout 2020. The company's most recent launch this week makes it the world's largest satellite constellation operator with just under 180 satellites already in orbit.

The new initiation study is available to professional investors directly from Hauck & Aufhäuser. Mynaric is additionally covered by stock analysts of MainFirst bank (EUR 80, 'Outperform') and Edison investment research. Interested shareholders can also subscribe to Mynaric's newsletter () that continuously informs about products, market developments and general news.
 

About Mynaric

Mynaric is a manufacturer of laser communication technologies used to enable communication and surveillance applications in air and space. Its wireless laser data transmission products include ground and flight terminals, which allow very large quantities of data to be sent wirelessly and securely over long distances between aircraft, autonomous drones, high-altitude platforms, satellites and the ground.

Globally, the need for fast and secure connectivity is advancing inexorably. Data networks are today largely based on infrastructure on the ground, which cannot be expanded arbitrarily for legal, economic or practical reasons. The future therefore calls for an expansion of the existing network infrastructure into air and space. With its wireless laser communication products Mynaric is positioned as a prime pioneer in this growth market.

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Important information

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," or, in each case, the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with our industry, as well as many other risks specifically related to the Company and its operations.