Addvalue secures another IDRS customer, bringing total to five

With the new addition, Addvalue now has a total of five IDRS customers with an aggregate of more than 170 satellites to be deployed.

Addvalue also states The group has started generating IDRS airtime revenue following the successful commissioning of three IDRS terminals for commercial service in space since early 2021.

Addvalue says it expects to receive more IDRS-related orders for the next 12 months and beyond.

Shares in Addvalue closed flat at 2.2 cents on April 29.