DGAP-News: Mynaric

Mynaric delivers Laser Terminal flight units for upcoming Flight Test for Airborne Wireless Network
 

- Mynaric delivers two Laser Terminal flight units to Airborne Wireless Network

- Mynaric technology used to demonstrate the ability of aircraft to act as airborne
repeaters / routers

- Mynaric continues to tap into US market potential
 

Munich, 06 December 2017 - Mynaric, a listed manufacturer of laser communication technologies for communication networks in air and space, announces the shipment of two laser terminal flight units and associated components to California-based Airborne Wireless Network (OTC QB: ABWN). The shipment is part of an agreement signed in August this year and underscores the ongoing expansion of Mynaric's business in the US market.

"Mynaric is a front-runner in wireless laser communications for the aerospace market and the application of our products in ABWN's upcoming test demonstrates the broad field of applicability and enormous potential of our technology," says Dr. Markus Knapek, Board Member of Mynaric.

Mynaric's innovative airborne wireless laser communications technology is to be integrated into ABWN's patented proposed Infinitus Super Highway(TM). ABWN's next step is to conduct a two-plane test utilizing two Cessnas or equivalent planes to further demonstrate the ability of aircraft to act as airborne repeaters/routers - actively sending and receiving broadband signals from one aircraft to another.

Michael Warren, CEO of ABWN says, "Our collaboration with Mynaric in our upcoming Cessna Test will help us to demonstrate our proprietary Hybrid Radio and Laser Communication System. We expect this demonstration will confirm data rates between airborne platforms that was not previously technologically possible."

Mynaric recently announced the appointment of senior leaders to further grow its US business. Mynaric USA will focus on the evolving US commercial and government markets. The company will operate as an independent subsidiary under the US management of Joe Fehrenbach (CEO) und Mike Soutullo (CTO). Mynaric USA will establish its own engineering as well as manufacturing capabilities and already runs significant projects with commercial customers.

About Mynaric AG

Mynaric is a manufacturer of laser communication technologies used to establish dynamic communication networks in air and space. Its wireless laser data transmission products include ground stations and flight terminals, which allow very large quantities of data to be sent wirelessly over long distances between aircrafts, autonomous drones, high altitude platforms, satellites and the ground at high data rates.

Globally, the need for fast and ubiquitous network connectivity is advancing inexorably. Data networks are today largely based on infrastructure on the ground, which cannot be expanded arbitrarily for legal, economic or logistical 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.

For more information see: www.mynaric.com

About Airborne Wireless Network

ABWN intends to create a high-speed broadband airborne wireless network by linking aircraft in flight, called the Infinitus Super Highway(TM). ABWN expects that each aircraft participating in the Infinitus Super Highway(TM) network will act as an airborne repeater or router, sending and receiving broadband signals from in-flight and ground stations, creating a digital information superhighway in the sky. ABWN intends the Infinitus Super Highway(TM) network to be a high-speed broadband internet pipeline to improve coverage and connectivity. ABWN does not intend to provide retail customer coverage to end users, but, instead, act as a wholesale carrier with target customers, such as internet service and telecommunication providers.

Currently, the world's connectivity is achieved by use of satellites, undersea cables and ground based fiber, among other sources. ABWN believes that the ABWN's Infinitus Super Highway(TM) may be a solution to fill the world's connectivity void and enhance the world's connectivity. Once the Infinitus Super Highway(TM) network is developed and fully implemented, it may provide low cost, high-speed connectivity to rural areas, island nations, ships at sea, oil platforms, commercial and private aircraft in flight, in addition to internet service providers and telecommunication providers.

For further information see: www.airbornewirelessnetwork.com

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.

Contact

Jan Hutterer
Kirchhoff Consult AG
mynaric@kirchhoff.de
+49 40 609 186 65
www.kirchhoff.de
 
Mynaric AG
Friedrichshafener Str. 3
82205 Gilching
Germany
www.mynaric.com