Mynaric, a laser communication products manufacturer headquartered in Germany, will open an office in Shanghai, China, ‘as a consequence of the high demand for its products and the rapidly-expanding Asian aerospace communications market’. The Shanghai office will add to its offices in Germany and Huntsville, USA.
With the new Shanghai office, Mynaric hopes it will have improved access to China and the rest of Asia. The company is looking especially at the region’s upcoming Low Earth Orbit (LEO) satellite communication constellations, for which it can provide inter-satellite and space-to-ground links.
Last month, the company began its LEO constellation commercial pursuits with the signing of a Memorandum of Understanding (MoU) with an undisclosed operator, which means it will likely provide more than 1,000 laser communication terminals to support a full constellation of several hundred satellites. Prior to that, Mynaric will participate in the operator’s satellite demonstration mission slated to take place in 2019.
“One of the key pillars of our business strategy is internationalization, and today’s announcement concerning our move into Asian markets mirrors our actions in North America where we established a subsidiary in 2016. Operating regional offices in North America and Asia, in unison with our headquarters in Europe, allows us to capture the world’s most important aerospace markets and fully establish ourselves as a true global player,” said Dr Wolfram Peschko, CEO of Mynaric.
Mynaric was founded in 2009, and opened a North American office in 2016. In 2017, the company became publicly listed on the Frankfurt stock exchange in order to raise funds. Founded by two former employees of the German Aerospace Center (DLR), the company cooperates with DLR as well as other European companies and institutions.