Satellite communications firm Addvalue Technologies has continued its string of new orders, with another US$2.2 million won.
According to the company on July 31, it won these orders to supply multiple Inter-Satellite Data Relay System (IDRS) terminals from three leading space
technology companies from the US, Europe and Japan.
Out of these three, two are new customers.
"This underpins our growing presence in the space and satellite industry," says CEO Tan Khai Pang.
The company's order book now stands at US$18.6 million.
Addvalue Technologies shares closed at 2 cents on July 30, unchanged for the day but double over year to date.
