Addvalue Technologies has won new orders of around U$3.6 million, bringing its total order book to US$17.5 million.
The latest orders are for its for the supply of multiple intersatellite data relay system (IDRS) terminals, come from two existing clients, one from America and another Europe, either to fulfill or multiply their constellations.
"This further boost our fundamental role in the space and satellite industry.
Addvalue expects to "substantially" fulfill these orders within the next 12 months and these orders will have a material positive impact on its next financial year.
Addvalue Technologies shares closed at 4.4 cents on Nov 14, down 2.22% for the day but up 340% year to date.
