DGAP-News: Mynaric AG / Key word(s): Personnel Mynaric adds Space Industry Leader Hans Koenigsmann to Supervisory Board 2021-10-06 / 13:59 The issuer is solely responsible for the content of this announcement.

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      Longtime SpaceX Vice President nominated by supervisory board to replace resigning supervisory board member 
    LOS ANGELES, Calif., October 6, 2021 - Mynaric today announced that space industry leader Hans Koenigsmann was 
   nominated to join its supervisory board. Koenigsmann was nominated by the supervisory board to replace resigning 
supervisory board member Gerd Gruppe, a former Executive board member of the German Aerospace Center (DLR), contingent 
  on court approval. Mynaric wins Koenigsmann for his first advisory role outside of SpaceX where he acted in various 
                                high-profile leadership roles during a 20-year tenure. 
  "Hans is well-known as one of the industry's most respected leaders, both on the technical and business aspects of 
 operations, and we are thrilled that he accepted the nomination," said Bulent Altan, CEO of Mynaric. "Hans' expertise 
  will be invaluable as we work to scale our business and demonstrate our products' true utility across a variety of 
applications. And on a personal note, I could not be more thrilled to be working with him again after our joint time at 
                                   SpaceX where we have achieved so much together." 
   The nomination comes while the company marks major milestones in industrializing laser communications for space, 
  aeronautical and mobility applications in an expanding market. Just recently, Mynaric inaugurated the world's first 
serial production facility for laser communication products, launched a next generation optical communications terminal 
                            for space applications and signed several customer commitments. 
 "I have seen how teams pushing the boundaries of what's considered doable look like and provided technical assurance 
throughout my career," said Koenigsmann. "Mynaric has already achieved significant milestones and has what it takes to 
  build laser communications at scale at this important moment in time. I am thrilled that I can witness yet another 
                   technological breakthrough and support the company on its mission going forward." 
   Koenigsmann, a German-born aerospace engineer, joined SpaceX as its fourth technical employee in 2002. During his 
 tenure at SpaceX, he oversaw launch readiness, inspection of the quality of rocket engineering and development, risk 
   analysis and the identification and resolution of launch issues. He was awarded with NASA's Distinguished Public 
  Service Medal in 2014, an honor reserved as the space agency's highest recognition for non-government individuals. 
                   To learn more about Mynaric, its growth and leadership, please visit mynaric.com. 
                                                     About Mynaric 
Mynaric (Frankfurt Stock Exchange: M0Y, ISIN: DE000A0JCY11) produces the optical fiber for the skies and, as a pioneer 
   of laser communication, enables extremely fast and secure wireless data transmission between aircraft, drones and 
satellites. Globally, the need for fast and ubiquitous network connectivity is advancing inexorably. Data networks such 
 as the internet are now 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. Mynaric provides laser communication products to establish the necessary data highways for 
              telecommunication constellations in air and space. For more information, visit mynaric.com.

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2021-10-06 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Mynaric AG 
              Dornierstr. 19 
              82205 Gilching 
              Germany 
Phone:        +49 8105 7999 0 
E-mail:       comms@mynaric.com 
Internet:     www.mynaric.com 
ISIN:         DE000A0JCY11 
WKN:          A0JCY1 
Indices:      Scale 30 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1238735 
 
End of News   DGAP News Service 
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1238735 2021-10-06

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(END) Dow Jones Newswires

October 06, 2021 07:59 ET (11:59 GMT)