Mynaric AG was incorporated under the laws of Germany on June 15, 2009. The company believes that they are a leading developer and manufacturer (in terms of production capacity) of advanced laser communication technologies for aerospace communication networks in the government and commercial markets. The company's technology and products are designed to provide a backbone network for connections to satellites, high-altitude platforms, drones, aircraft and the ground, and through secure wireless data transmission. The company aims to industrialize laser communications by focusing on standardization and cost-effectiveness. The company believes that they are one of the first companies to develop laser communication technology at commercially attractive prices for government and commercial markets. By leveraging their strong technical expertise and first-mover advantage, they aim to become the provider of choice for the "Internet in the Cloud".