Connect with us

Technology

Mynaric Updates on Operational Continuity and Ongoing Production and Deliveries

Published

on

Mynaric is continuing to ramp up and increase deliveries of its flagship CONDOR Mk3StaRUG proceedings intended to place company on secure financial footing moving forward

MUNICH, March 10, 2025 /PRNewswire/ — Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective, and scalable laser communications products, today confirms that it is continuing to ramp up production and customer deliveries of the CONDOR Mk3 optical communications terminal and updates on the background to the company’s StaRUG proceedings.

“We are continuing to deliver on our promise to the industry to provide scalable products that meet evolving program requirements, and drive innovation in areas such as multi-orbit constellations. To maintain our industry position, we must continue delivering to existing customers while advancing future applications of optical communications technology.”

Joachim Horwath, Chief Technology Officer and founder of Mynaric 

The StaRUG proceedings, once completed, would provide for significant debt relief, enabling the company to continue to serve its current and potential customers, suppliers and partners.

“We firmly believe that this restructuring is the best course of action for Mynaric’s future. With the support and trust of our lenders, we are confident in our ability to navigate this period successfully and emerge as an even stronger and more reliable partner.”

Andreas Reif, Chief Restructuring Officer of Mynaric

Focus on Delivering on Existing Contracts and Winning Future Opportunities

Mynaric is also continuing to pursue opportunities that explore the use of free-space optical communications for additional space programs.

“Mynaric remains fully committed to delivering high-quality products to our customers throughout this process. The continued support of our lenders strengthens our financial position, enabling us to meet the needs of our current customers while expanding to support future partners seeking to deploy our industry-leading optical communication terminals.”

Tim Deaver, Vice President of Global Sales & Solutions

In addition to contributing to the U.S. Space Development Agency’s (SDA) Proliferated Warfighter Space Architecture (PWSA) Tranche 1 and Tranche 2 programs, Mynaric has also been recognized as a key development partner in Phase 2 of DARPA’s Space-BACN program, and has been selected by both the European Space Agency (ESA) to investigate optical technologies for next generation high-throughput optical inter-satellite links and the German government to contribute to multiple projects to develop quantum communication capabilities.

Establishing a Stable Financial and Operational Footing Moving Forward

Mynaric’s lenders agreed to the restructuring concept on the condition that Mynaric initiates StaRUG proceedings and that the restructuring plan provides for a capital reduction to zero.

“The aim of the StaRUG proceedings is to create a fresh start for Mynaric without affecting our operational model or manufacturing processes. By reducing the debt burden and recapitalizing the balance sheet, Mynaric can invest in high-tech advancements, maintain competitive pricing and secure our position as an industry leader.”

Andreas Reif, Chief Restructuring Officer of Mynaric

To enable Mynaric to cover its expected ongoing operational and working capital until the conclusion of the StaRUG proceedings, Mynaric’s lenders committed a fourth bridge loan of USD 28 million in February 2025 as well as an additional USD 25 million restructuring loan, giving Mynaric the necessary resources to support its production plan and ongoing operations.

The implementation of the financial restructuring through the StaRUG proceedings would safeguard jobs, protect creditor interests, and significantly reduce Mynaric’s cash interest burden.

About Mynaric

Mynaric (NASDAQ: MYNA) (FRA: M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.

For more information, visit mynaric.com.

Media Contact:
Krista Hazen
Krista.hazen@mynaricusa.com
(202) 900-9966

View original content to download multimedia:https://www.prnewswire.com/news-releases/mynaric-updates-on-operational-continuity-and-ongoing-production-and-deliveries-302397377.html

SOURCE Mynaric USA, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Epson Celebrates Seven Generations of Cartridge-Free Printing Innovation with EcoTank ET-2980

Published

on

By

EcoTank ET-2980 is the First in a New Line of EcoTank Models that Deliver Convenient, Cost-Efficient and Stress-Free Printing

LOS ALAMITOS, Calif., March 27, 2025 /PRNewswire/ — Epson America, Inc., the global leader in refillable Supertank technology, announced its seventh generation of EcoTank® cartridge-free models with the new EcoTank ET-2980 Wireless All-in-One Color Supertank Printer. The most recent addition to the number-one selling Supertank† printer1 line, the ET-2980 leverages proven PrecisionCore® Heat-Free technology to provide everyday users with stellar print quality and reliability, ensuring a worry-free experience that lasts the life of the printer.

New EcoTank ET-2980, the first of the seventh generation EcoTank line, delivers cost-efficient and stress-free printing.

“Epson designed EcoTank to address several pressing concerns from anyone who prints – the hassle and cost of buying ink cartridges, the high-cost of printing in color and running out of ink when you need it most,” said Megha Shukla, group product manager, Consumer Inkjet, Epson America, Inc. “As an industry leader of efficient, compact and precise engineering, Epson has remained dedicated to printing innovation and continues to improve the experience with the seventh generation of EcoTank, starting with the ET-2980.”

The Perfect Family Printer
The ET-2980 combines simplicity with a modern look, offering advanced technology that enhances both performance and print quality, making it an ideal choice for everyday family printing – including content created by AI. With print speeds 50% faster than its predecessor2 it offers speed and longevity, with a permanent printhead engineered to last the life of the printer. The EcoTank ET-2980 also offers uniquely keyed EcoFit™ bottles that help prevent ink from drying out and comes with enough ink to last up to three years.3 Each replacement ink bottle set is equivalent to about 90 individual ink cartridges4 ensuring zero cartridge waste.

The EcoTank ET-2980 features built-in USB connectivity and is the first printer qualified under the Wi-Fi CERTIFIED Agile Multiband™ standard – including Apple® AirPrint – to deliver a seamless wireless experience. It also offers the user-friendly Epson Smart Panel® app5 with an innovative interface to transform iOS or Android mobile devices6 into an intuitive control center. For added convenience the EcoTank ET-2980 includes a 1.44″ color screen, auto duplex printing, 100-sheet paper tray, and built-in scanner.

Pricing, Availability and Support
The EcoTank ET-2980 ($299.99 MSRP) comes in both black and white designs. The black printers are available at Micro Center, Amazon.com, Officedepot.com, Staples.com, Bestbuy.com. The white printers are available at Office Depot, Staples, Best Buy, Micro Center, Nebraska Furniture Mart, La Curacao, Brands Mart, AAFES, London Drugs, Amazon.com, Walmart.com. For more information regarding the new solution, visit https://epson.com/ecotank-ink-tank-printers.

About Epson
Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson’s goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.

Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion. global.epson.com/

Epson America, Inc., based in Los Alamitos, Calif., is Epson’s regional headquarters for the U.S., Canada, and Latin America. To learn more about Epson, please visit: epson.com. You may also connect with Epson America on Facebook (facebook.com/Epson), X (x.com/EpsonAmerica), YouTube (youtube.com/epsonamerica), and Instagram (instagram.com/EpsonAmerica).

† Supertank printers are defined as refillable ink tank printers.
1 Source: Circana, LLC, Retail Tracking Service, US & Canada Combined, Inkjet SF and MF Printers Combined, Refillable Tank Included, Total Unit Sales, 12 Months Ending July 2024.
2 Versus the ET-2850
3 Based on average monthly document print volumes of about 125 pages.
4 Individual cartridges estimate based on print yields of a replacement set of black and color ink bottles as compared to Epson standard-capacity ink cartridges for similarly featured printers as of October 2024.
5 Requires Epson Smart Panel app download. Data usage fees may apply.
6 Most features require an Internet connection to the printer, as well as an Internet- and/or email-enabled device. For a list of Epson Connect enabled printers and compatible devices and apps, visit www.epson.com/connect

EPSON, EcoTank, Epson Smart Panel, and PrecisionCore are registered trademarks of Seiko Epson Corporation. EcoFit is a trademark of Epson America, Inc. All other product and brand names are trademarks and/or registered trademarks of their respective companies. Epson disclaims any and all rights in these marks. Copyright 2025 Epson America, Inc.

View original content to download multimedia:https://www.prnewswire.com/news-releases/epson-celebrates-seven-generations-of-cartridge-free-printing-innovation-with-ecotank-et-2980-302412669.html

SOURCE Epson America, Inc.

Continue Reading

Technology

Hexagon publishes the Annual Report and Sustainability Report 2024

Published

on

By

STOCKHOLM, March 27, 2025 /PRNewswire/ — Hexagon’s Annual Report and Sustainability Report 2024 is now available at Hexagon’s website hexagon.com. Hexagon intends to solely distribute the reports digitally. However, if you would like to receive a printed of the Annual and Sustainability Report, please request one here, contact Hexagon at mailorderservice@hexagon.com or call +46 (0)8 601 26 20.

As previously communicated, Hexagon’s Annual General Meeting will be held at 17:00 CET on Monday 5 May 2025 at IVA Konferenscenter, Grev Turegatan 16 in Stockholm, Sweden. Notification of attendance must be made on 28 April 2025 at the latest.

For further information, please contact:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@hexagon.com

This information is information that Hexagon AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 08:00 CET on 27 March 2025.

About Hexagon

Hexagon is the global leader in precision technologies at any scale. Our digital twins, robotics and AI solutions are transforming the industries that shape our reality.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,800 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/hexagon/r/hexagon-publishes-the-annual-report-and-sustainability-report-2024,c4123663

The following files are available for download:

https://mb.cision.com/Main/387/4123663/3348237.pdf

Hexagon Annual and Sustainability Report 2024

 

View original content:https://www.prnewswire.com/news-releases/hexagon-publishes-the-annual-report-and-sustainability-report-2024-302412971.html

SOURCE Hexagon

Continue Reading

Technology

Soul App’s AI Portrait Animation Study Gains CVPR 2025 Acceptance

Published

on

By

SHANGHAI, March 27, 2025 /PRNewswire/ — Soul App, a trailblazer in the “Social + AI” domain, has once again demonstrated its commitment to harnessing the power of artificial intelligence in social networking. The company’s latest achievement is the acceptance of its research paper on real-time, AI-driven portrait animation at the 2025 Conference on Computer Vision and Pattern Recognition (CVPR), one of the most esteemed conferences in the fields of AI and computer vision.

CVPR is renowned for attracting top-tier research from both industry leaders and top academic institutions worldwide. This year, the conference received a staggering 13,008 submissions, of which only 2,878 were accepted, resulting in an acceptance rate of just 22.1%. This underscores the rigorous selection process and the intense competition in the field. Thus, the recognition from CVPR is a significant milestone for Soul, adding to its growing list of accolades, including the 2024 ACM International Conference on Multimedia (ACM MM) and the top position at the Multimodal Emotion Recognition Challenge (MER24).

The accepted paper, titled “Teller: Real-Time Streaming Audio-Driven Portrait Animation with Autoregressive Motion Generation,” presents a novel autoregressive framework designed to enhance the efficiency of generating “talking-head” animations. This research aims to meet the growing demand for AI models that can deliver human-like interactions in real time.

What sets the “Teller” framework apart is its unique balance between performance and efficiency. Soul’s model utilizes an autoregressive motion generation framework that maintains optimal efficiency without sacrificing the fluidity and authenticity of natural facial and body movements. The paper highlights two key components of this technology:

Facial Motion Latent Generation (FMLG): By leveraging large-scale training data, FMLG enhances the synchronization between audio and visual cues, resulting in more fluid and natural facial expressions in response to speech inputs.

Efficient Temporal Module (ETM): Using a diffusion-based approach, the model accurately captures body dynamics, adding realism to the movements of facial and body muscles, as well as accessories.

During tests, Soul’s engineers found that this dual-module system enables AI-generated avatars to exhibit expressions and gestures that feel human in real time. This level of realism significantly enhances user experience in virtual interactions.

Since its inception in 2016, Soul has consistently invested in technological resources to gain an AI-driven edge in social networking. The company’s journey began with the self-developed Lingxi Engine, which facilitated user connections based on mutual interests. This was followed by rapid advancements in speech and text-based interactions, as well as 3D virtual human modeling. By 2020, Soul was already leveraging AI-generated content (AIGC) and focusing on intelligent dialogue systems and voice synthesis.

The launch of Soul’s proprietary AI model, Soul X, in 2023 marked a major leap forward. This homegrown model introduced features such as multilingual voice calls, speech synthesis, and AI-generated music to the platform. The recent breakthrough with the “Teller” framework is another step toward Soul’s goal of integrating speech, vision, and natural language processing (NLP) to create AI-powered digital entities that can interact seamlessly with users in real time. The ultimate aim is to provide not just functional but also emotionally fulfilling companionship.

Soul believes that artificial intelligence should go beyond merely facilitating conversations. The full potential of the technology should be utilized to create experiences that are emotionally enriching for users.

 

View original content:https://www.prnewswire.com/news-releases/soul-apps-ai-portrait-animation-study-gains-cvpr-2025-acceptance-302412976.html

SOURCE Soul App

Continue Reading

Trending