The orders came from two existing clients. One is from Asia Pacific and the other is from the Americas.
Addvalue is to provide multiple inter-satellite data relay system terminals to support the expansion of the space missions of the clients.
As usual, the company could not disclose further details about the new orders and who the customers are.
Nonetheless, it expects these new orders to be "substantially fulfilled" in the coming year, to have a "material positive" impact on its coming financial year.
See also: Boustead Projects secures Phase 2 fit-out contract exceeding $50 mil from repeat Fortune 500 client
Addvalue Technologies last traded at 4.4 cents. It is up 340% year to date.
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