DGAP-News: Mynaric AG / Key word(s): Personnel/Expansion
Los Angeles & Munich, February 2, 2021 - Mynaric can announce today that it is expanding its U.S footprint by opening an office in Washington D.C. to place its team closer to U.S. government organizations driving the adoption of laser communication.
The U.S. government is the driving force for the rapid deployment of laser communication capabilities, currently, and as such also a catalyst for the adoption by commercial stakeholders. The Space Development Agency alone is expected to procure up to 150 satellites equipped with laser communication capabilities in 2021 as part of its Tranche 1 Transport layer and Mynaric is seeing increased interest from the sector following its selection for two U.S. governmental programs last year.
"The industrial age of laser communication is now upon us and the company that can carry the benefits of laser communication to both the commercial and government sector - and support that message with cost-efficient and readily available high specification products - will be the company that will shape the future of airborne and spaceborne communication networks. I believe Mynaric is that company, and today's announcement demonstrates our commitment to dominate this market for years to come."
Mynaric's Washington office will be led by Jackson Kemper III, formerly of Tresys, Inmarsat, and Iridium, and Ali Younis, formerly of SES, Intelsat, and Astranis, who will head - respectively - US government sales and US commercial sales.
Mynaric's sales and business development team focusing on the rest of the world will be led by Hanna Steplewska, who serves as our VP of Sales and Business Development, based in Munich. Hanna brings over two decades of global experience in similar functions at Virgin Orbit, Stratolaunch and Ruag.
Aerospace industry veteran Mike Reiss, who has previously been with Boeing, Thales, Panasonic, Rockwell Collins and Hughes Aircraft will serve from our Hawthorne, California office as VP of Program Management and Operations.
Ralph Emerson serves as VP of Account Management and is also based in California. Ralph brings 11 years of experience from PlaneWave where he oversaw the company's entry into the laser communication market.
The aerospace connectivity market for laser communication is now crystalizing into distinct strands, with particular requirements: be it government or commercial sector; be it spaceborne or airborne; be it communication or surveillance. Today's announcement reflects Mynaric's commitment to these market segments, with individuals who bring a demonstrable focus on customer success and delivery in their own sphere of experience and ability.
"To win just one of these incredibly talented individuals would be a coup; to win all five places Mynaric with one of - if not 'the' - strongest sales and customer service teams in the aerospace connectivity market."
Notes to editors
1. Biographies for the full senior team that Mynaric is introducing today is as follows:
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.
02.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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