Addvalue Technologies has continued to win new orders, with contracts worth some US$3.02 million secured to supply multiple InterSatellite Data Relay System (IDRS) terminals.
The orders are from two existing clients who are expanding their constellations.
"This bears witness to the growing pivoting role we play in the space and satellite industry," says CEO Tan Khai Pang in an announcement via the exchange.
With these latest wins, the company's total order book has reached US$18.12 million.
These orders will be fulfilled within the next 12 months and will have a material positive impact on the current financial year of the group.
Addvalue Technologies shares closed at 2.6 cents on Sept 25, down 3.7% for the day but up 160% year to date.
