DGAP-News: Mynaric withdraws from China to serve security interests of its core markets
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Friday, July 31, 2020
Munich, July 31, 2020 - Mynaric announced yesterday that, with immediate effect, it is to cease its business activities in China.
Key Points:
- Munich, July 31, 2020 - Mynaric announced yesterday that, with immediate effect, it is to cease its business activities in China.
- Yesterday's announcement comes as a consequence of a notification by the German government that clearly prohibits Mynaric from delivering laser communication hardware to China.
- Consequently, Mynaric acknowledges this strategic importance and has acted responsibly by committing to put the interests of national security of its core markets above all other considerations.
- - Bulent Altan, CEO
Mynaric considers its clear commitment to national interests of its core markets as critical to its business success.