Addvalue Technologies (SGX:A31) gained new orders worth around $3.6 million for the supply of its InterSatellite Data Relay System (IDRS) terminals, according to a Monday filing with the Singapore Exchange.
The orders come from two clients who are looking to expand their constellations.
Secured through Addvalue's Space Connectivity-related business, the orders further expand the company's total order book to $17.5 million.
Shares of the company surged nearly 7% in Monday trading.
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