Addvalue Technologies has secured new orders worth a total of US$4.8 million ($6.2 million) for its advanced digital radio (ADR)-related business.
The new orders are for the supply of proprietary, highly compact software defined radio (SDR) modules to a customer in the defence technology sector, says Addvalue Tech in its Dec 8 statement.
The latest order win brings the company’s total order book as at Dec 8 to US$22.6 million. According to Addvalue Tech, the new orders are expected to be “substantially fulfilled” within the next 12 months. They are also expected to have a material positive impact on the company’s next financial year ending March 31, 2027.
As at 2.36pm, shares in Addvalue Tech are trading flat at 4.7 cents.
