Addvalue Technologies has won orders from three new clients worth US$2.1 million to provide Inter-Satellite Data Relay System (IDRS) terminals.
The customers are not named but Addvalue Technologies, led by CEO Tan Khai Pang, says they are "established companies in the space and satellite industry."
With these new orders, the company's order book has reached US$10.6 million.
The new orders are to be fulfilled over the next 12 months and will have a material positive impact on the company's current financial year.
On May 30, Addvalue Technologies reported earnings of US$1.53 million for the 2HFY2025 ended March, up 62.2% y-o-y, bringing its full-year earnings to US$1.95 million.
The satellite technology company’s revenue grew 20.5% y-o-y in 2HFY2025 to US$9.83 million, and 21.6% y-o-y in the full year to US$15.53 million.
See also: Addvalue Technologies continues spree of new order wins
Addvalue shares last traded at 1.3 cents.
