Welcome everyone to Mynaric's first half 2022 results conference call and webcast. Prior to today's call, we released our first half 2022 results as part of our first half 2022 management report, which is available for download on the investor relations section of mynaric.com. Before we begin today's formal presentation, I must remind you that this presentation and oral statements regarding the subject of this presentation include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical or current facts contained in this presentation are forward-looking statements. The forward-looking statements involve known and unknown risks, uncertainties, and assumptions that are difficult to predict or are beyond our control. Actual results may differ materially from those expected or implied as forward-looking statements. The forward-looking statements included in this presentation are made only as of the day hereof. Neither we nor any other person undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date of this presentation or otherwise. With that out of the way, we have a great agenda for you today, including an update on our vision and strategy, customer success highlights, a discussion of our first half 2022 financial results, and our outlook for the remainder of 2022. Following the formal presentation, we will take questions from analysts. We anticipate this call will last no longer than one hour. On the call today are Mynaric's CEO, Bulent Altan, and Mynaric's CFO, Stefan Berndt-von Bülow. With that, it's my pleasure to turn the call over to Bulent for his opening remarks. Bulent? Thank you, Tom. Mynaric reported solid results for the first half of 2022 as we prepare for significantly higher production levels later this year, next year, and into 2024. At the analyst day back in April, I spoke about growth and momentum, and this continues through today. We reported another strong order backlog in terms of optical communication terminals and cash in from customer contracts. Two key performance indicators we introduced this year to help our investors to better track our performance. We also remain disciplined in our investment strategy to support the future growth of the business, and our pipeline of opportunities remains the highest in our history. Over the past two years, we invested and hired to ready the company for serial production, and we no longer need substantial investments in capability and capacity. We are now focused on continuing to improve our operational excellence, and the improvements we have implemented over the past year in our product design have allowed us to now have the capacity in place in order to fulfill our medium-term goal of producing 2,000 terminals per year. I'm extremely proud of the effort the team put into delivering these results over the first half of this year. A reminder to many of you on the call who may not be familiar with Mynaric. Our vision is to eliminate the barriers of connectivity to ensure the unrestricted flow of information and close the digital divide. We are not only a space company or an aerospace company, we are a critical communications systems company with products that are produced at scale to serve many end markets, including government and commercial customers. We do this by making what has previously been a one-off, highly tailored solution market into a scalable volume production market through serial production, the higher reliability and simplicity, greater affordability, and increased standardization of our products. Before I turn the call over to Stefan for a more detailed look at our results, I want to highlight a few customer successes we've had since we last spoke with you all. First, we've recently won an additional order from Northrop Grumman in support of the Space Development Agency's Tracking Layer program. This follows the announcement of the SDA's Transport Layer program announcement in March of this year. These are the initial deployments for these programs, and volume shipments will commence in the second half of 2023. For those unfamiliar with the SDA program, these programs will support critical government defense efforts where budget dollars have already been allocated and deployment schedules are relatively set at this point, which gives us great visibility on our forward delivery commitments, revenue, and cash flow. In addition, we were selected by DARPA, the U.S. Defense Advanced Research Projects Agency, for Phase 1 of their Space-BACN program, which aims to develop a low-cost, high-speed, reconfigurable optical data links to connect various low-Earth orbit constellations. In July, we signed agreements with L3Harris for increased future collaboration, and L3Harris invested EUR 11.2 million for a 7.2% stake in Mynaric. This is a significant validation for Mynaric as L3Harris is now not only a customer but also a strategically aligned partner for us, and we see this developing into future program activity across all domains, including airborne, space, maritime, and ground. As we have said for some time, the government market is ahead of the broader commercial market in its shift towards optical data links, but the commercial market is poised to catch up quickly. For example, we know there are a number of major commercial constellation operators making key supplier decisions over the next six to 12 months as they look to deploy these constellations starting in 2024 and the subsequent years. We believe we are all well-positioned in the market, given our technology and ability to scale production to compete for these programs. I could not be more excited by the market opportunity in front of us, and I believe we have the right team to capitalize on this opportunity. With that, let me turn it over to Stefan to walk you through our results in more detail. Stefan? Thank you, Bulent. Let's turn to our results for the first half-year of 2022. First, let's turn to the two key business metrics we introduced at the analyst day in April that we believe will continue to best demonstrate the momentum we are seeing in the business. First, cash in from customer contracts. This is a key forward-looking predictor of revenue as the cash is only received as we met contractual milestones. There is a typical lag between cash received from customer contracts and shipments. This varies depending on the contract terms. As a reminder, these are contractual payments received when certain milestones are met, but full delivery and acceptance has not been reached. In a sense, this is pre-revenue cash receipts and we believe a very significant indicator of the future revenue of the company. For the half year period, cash in from customer contracts was more than EUR 8.3 million as of the end of the period, compared to EUR 1.9 million for the comparable period of last year. Since the end of the half year, our cash in from customer contracts has continued to increase and is now at more than EUR 11 million. By comparison, two years ago, we had virtually no cash in from customer contracts. We are showing a very strong momentum as we continue to execute for our customers. Second, optical communication terminal backlog in units as of today is 243 units. This compares with 36 units at the comparable period of last year and continued growth from what we reported back in April of this year. Our current backlog includes an downward reduction of total units to account for one customer, SpaceLink, whose parent company today announced a change in its investment plan. As of today, we still include 15 units attributable to SpaceLink in the backlog pending final notification from the company. Including this adjustment, our guidance of 2022 remains unchanged and healthy, given our terminal backlog is more than 90% related to government-funded contracts. We continue to see a strong and steady pipeline of opportunities and expect these metrics to continue to increase through the end of this year and into next year. Looking at a few other figures. Revenue was EUR 25,000 in the first half of 2022 and represent only product leasing revenues as we were negatively impacted by supply chain challenges which delay HAWK shipments and push out customer delivery schedules. Our current contractual committed optical communication terminal backlog primarily consisted of CONDOR Mk3 products, mostly for these scheduled shipment primarily in 2023 and 2024. Cost of materials increased by more than 85% compared to year-ago period as we continue to ramp up our production ahead of major delivery milestones over the next 9 to 18 months. We continue to invest at a strong pace in product development. This includes both enhancement to existing products and investment in next generation products. Personnel costs increased 62% to the year-ago level as we continue to add capability to our team. We expanded our capability across all divisions of the company this year and will continue to do through the remainder of 2022. We ended the half year with more than 300 full-time employees compared to 210 in the year ago period and 249 at the end of last year. We will remain disciplined in our talent acquisition to support our expected strong growth over the coming years. However, we expect the pace of the headcount expansion will slow somewhat over the coming months and into the first half of 2023 as we look to align our headcount needs with the program we have been awarded. Overall, the company reported an operational loss of EUR 34.9 million as we continue to make necessary investments in people, equipment, and systems in preparation for strong shipment growth in 2023 and beyond. Now let's turn to a few key balance sheet figures. Our cash balance at the end of June was more than EUR 25 million compared to EUR 18 million at the half year 2021. Not included in this figure is the early July investment by one of our key customers, L3Harris, who invested more than EUR 11 million in exchange of a 7.2% stake in Mynaric. In 2022, we remain in investment mode and as a pre-break-even company, we expect our cash balance to decline further through the end of this year. We continue to look at a number of different options to provide the capital we need to support our growth objectives. Inventories were EUR 13.4 million, up from EUR 8.4 million at the end of the last year, as we continue to invest in component inventory ahead of the expected ramp in communication terminal production we see next year. Property, plant, and equipment at the end of the period was EUR 21 million compared to approximately EUR 17 million at year-end. We invested EUR 6.4 million in property, plant, and equipment this half year, as compared to EUR 3.5 million in the year-ago period. Bulent spoke of earlier, through the combination of our previous investment and a major breakthrough in the main production [inaudible], our telescope, we were able to arrive at our 2,000 unit medium-term capacity goal in our manufacturing. Through additional automation, Mynaric is now able to utilize our manufacturing capacity with minimal amount of factory employees upon order arrival. As a result of all these breakthroughs and improvement, we see our future capital investment need for our production capacity lower relative to historic levels. Now let me walk through our outlook for the two key business metrics for the remainder of the year. We expect cash in from customer contracts to be at least EUR 20 million for the full year 2022. As noted earlier, we are well on our way to achieving the goal based on the year-to-date cash in from customer contracts. We expect continued growth in our optical communication terminal backlog by the end of the year. We expect our year-end 2022 optical communication terminal backlog to exceed 250 units, which we recently increased from our previous guidance of 220 units. There are a number of opportunities that potentially could close by year-end, and our team remains well-positioned to capture these. With that, let me turn it back over to Bulent for his closing remarks. Bulent. Thank you, Stefan. What have we shown you today? What are the key takeaways? In short, today was all about growth and momentum. When we talk about growth and momentum, we are talking about strong growth in our order backlog and our cash in from customer contracts. These two metrics are the key to future revenue and the profitability of the company. We believe the market opportunity is significant in both the space and the airborne sector. At two recent conferences, World Satellite Business Week and the International Astronautical Congress, the buzz was all about laser communications. At IAC, we ran a live demo of two of our HAWK terminals transmitting data. The recent announcements from large consumer brands and communication service providers such as Apple, Starlink, T-Mobile, Huawei, and others all demonstrate the long-term need for interconnected satellites, and laser communication is what will enable all these constellations to achieve their goals of ubiquitous connectivity. As many of you listening today know, I've been in the space industry for two decades. I've seen what growth of this magnitude looks like, and more importantly, what it takes to capitalize on that growth. Mynaric is the only company with the ability to do what we do at scale. That gives us a huge advantage and one that we intend to leverage to the fullest. In order to do that, you must have a great team, and we have put together a great leadership team that is driving execution in order to capitalize on the multi-decade opportunity ahead of us as we enable the internet above the clouds. In August, we added a key executive, Mustafa Veziroglu, as our new President of Mynaric. He brings a wealth of industry experience and is key to taking us to the scale we want to achieve for the business. We've also added considerable talent over the past six months to our engineering and product development, sales and communications, and administrative teams on a global basis. We continue to build a strong foundation for the business. We believe now is the time to capitalize on the opportunity ahead of us, and we made the right investments ahead of the growth, so we can now accelerate our momentum. We are only getting started capitalizing on the investments we've already made. With that, operator, would you please provide the instructions for the question-and-answer session? Operator? Thank you. As a reminder to ask a question, you will need to press star one and one on your telephone and wait for your name to be announced. Once again, please press star one and one on your telephone to ask a question. We will now go to our first question. Please stand by. One moment. Your first question comes from the line of Greg Konrad from Jefferies. Please go ahead. Your line is open. Good afternoon. I mean, it seems like the demand side is really strong. I just had two supply side questions. You called out the supply chain in relationship to HAWK. What are you kinda seeing on the supply side there? You know, how do those work themselves out and maybe the timing of that clearing up? Yeah. Thank you for that question. On the HAWK side, yes, the supply chain is something we looked over quite a bit over the last year. What we saw there wasn't the supply chain issue that you see across the industry, rather an obsolescence issue that we are working through in our design, which is something to expect and we are well equipped to do so. We are doing a design update that removes these obsolete components. As we do that, we are working to introduce commonly available components of today. We expect that supply chain issue to be solved within Q4 of this year and the next HAWK deliveries starting following that. Maybe just a follow-up on the demand side. You mentioned some of the, you know, commercial opportunities that could be decided near term, and we saw some good orders in the quarter from Northrop. What are you maybe seeing on the competitive side in terms of market share? Or, you know, given the higher backlog outlook, is it that opportunities are coming in sooner or maybe are you capturing a higher share than you previously expected? I think engaging with our potential commercial customers, we see a good respect for the amount of capability we have built within the company and the fact that we can produce at scale. The commercial opportunities we all know about have been to a certain extent hit by the current invasion of Russia in Ukraine, and therefore the resulting unavailability of Russian rockets to Western constellations. We also see a huge shift right now to use of Western rockets that give these constellations a renewed launch capability that just resulted in a temporary move to the right on the deployment of these constellations. With those actually out of the way, with that problem now well underway to be solved, I think we expect that these constellations will make decisions in the next six months to maximum 12 months to decide on who to utilize. I think we see that also by the comments of such potential customers that the thing that they are mostly valuing is the capability to ramp up production. The investment we have already made and the capacity we've already have put together is giving them a lot of confidence in the fact that with Mynaric, they would not be facing an execution risk. Thank you. Thank you. Once again, if you would like to ask a question, please press star one and one on your telephone and wait for your name to be announced. That is one and one. Star one and one if you would like to ask a question. We will now go to our next question. Please stand by. Your next question comes from the line of Austin Moeller from Canaccord. Please go ahead. Your line is open. Hi, Bulent Altan. Good afternoon. Just my question here, are we still expecting the first CONDORs to be launched into orbit by the end of the year? Should we expect that the delayed HAWK deliveries that are getting replacement components will be delivered in the first half of 2023? Is that the best way to think about it? Very good. I'll answer those two questions in order. First of all, on the launch of the CONDOR to space, we do not expect that to take place this year as our customers have many different challenges that they are facing, and we expect them to solve them soon, but I don't expect the launch to be this year. On the HAWK side, yes, we have built quite a handful of HAWKs already before the parts became unavailable that we are talking about and for which we did a redesign. We expect some of those to be delivered imminently. The balance of it is of course shifting over to early 2023. Okay, great. Just one more if I may. How many people do you still have to hire to be able to meet the current backlog? If I understand it, the facility can produce 2,000 terminals a year at this point, right? Yes, our manufacturing capability is exactly with the investments that we have already made at 2,000 units. There are the few last items coming in that are coming in over the next few weeks and months, but overall we have the manufacturing capacity in place. As you said, there is a certain amount of uptick to meet the customer demand that may come. I think overall today we have just as Stefan said, a little bit more than 250 terminals to build. I think this is given the factory capacity a fraction of what we can build. The uptick in people should not be significant at all, as it would be a handful if anything, because as also Stefan alluded to, we have multiple technical breakthroughs that happened over this last year that allow the easier build of the terminals with quite a few less machining and integration operations necessary. We have put in automation where we can to also reduce the number of people we would have to add to the team. Fantastic. Thanks for the color, Bulent. Thank you. Thank you. Once again, if you would like to ask a question, please press star one one on your telephone. Star one one to ask a question. We will now go to our next question. One moment, please. Your next question comes from the line of Scott Deuschle from Credit Suisse. Please go ahead. Your line is open. Hey, guys. Will Jackson on for Scott today. Thanks for taking the question. Bulent, you mentioned the strategic partnership with L3Harris. Can you go into a little bit more detail on that, maybe especially looking at the air terminals, how you see that changing your market opportunity there? Thank you so much for that one. Yes, L3Harris Technologies, I think, it's a fantastic partner to be had, for our company. They are definitely in a tremendous amount of vehicles and systems across the world, and they have capabilities to integrate technology to a multitude of systems. If you look in the non-space market, if you look into the aviation market, the maritime market, the ground market or what have you, that really requires this type of technology that is stealth, that is high bandwidth, that is low probability of interference or detection, I think that level of partnership is tremendously valuable. What L3Harris Technologies brings with it is a knowledge of these different systems and the back-end systems that we would have to connect to. We are quite positive that L3Harris will open up markets beyond just the first initial ones that we saw as a beachhead market for HAWK. I think what we will see is a tremendous market opportunity starting from ground all the way to air with the integration experience of L3Harris that knows the final customer a lot closer than we do. We would hope for an uptick in the amount of markets we can address as we are a good technology partner for them, and they are a good, I wanna say, integration and also after-sales support expert across all these markets. Great. Thank you. Just one more for me, if that's okay. I think numbers released last week showed that inflation is still very much a point of concern. Can you talk about any concerns that you have internally about that or maybe any protections you have in your current contracts, I should say? I think that's a numbers question that I would really love to hand over to Stefan. Could you repeat? The question is about the inflation or? Yes. Just, any kind of inflation protections you may have built into the cost structures of existing contracts. At the moment, I'm not the purchasing department, to be honest, but I'm not aware of any inflation protection we have at the moment in place. What I can say is that we're constantly reducing our purchase prices from our suppliers because we are ordering bigger numbers. On the other side, the most of our purchase we do is from the U.S. side. We have also a little bit the advantage of the currency or the currency transaction because the U.S. dollar is getting stronger and stronger. I think at the moment we don't have an inflation protection in the contract. I have to look it up. I don't know it exactly at the moment again. Sorry. I think Stefan is, I think, very useful to, I think, to reiterate here that Mynaric has been doing quite a bit of investments to bring in the biggest cost drivers in-house. In-house. Such as the telescope of the terminal that allows us to control costs. As Stefan alluded to, all of these are done in the Eurozone where almost all our contracts are in the dollar side, so there is a certain amount of advantage we are taking off there. Secondly, for the executions of these contracts, we have gone into long-term purchase agreements with most of our cost drivers. I think we have the cost side controlled for these contracts, and we are looking into what the effects will be for future contracts to come. Perfect. Thanks so much, guys. Thank you. I will now hand the call back to Tom. Thank you, operator. For further information about our upcoming engagement with the investment community, please visit the investor relations section of mynaric.com. Thank you everyone who joined us today and for your interest in Mynaric. We will speak with you all again when we release full year 2022 financial results next year. Goodbye for now.