Addvalue Technologies Secures New Space Orders Worth Nearly $4 Million

MT Newswires

01/30

Addvalue Technologies (SGX:A31) received new orders worth around $3.5 million for its space connectivity business, according to a Thursday filing with the Singapore Exchange.

Shares of the provider and developer of communications technology products were down over 1% in Friday trading.

The orders for the supply of InterSatellite Data Relay System (IDRS) terminals from three existing clients and one new client.

Following the award of the new contracts, the group's order book now stands at $26 million, the filing showed.

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