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Addvalue Technologies Secures $3.02 Million in New Space Connectivity Orders

Story Highlights
  • Addvalue Technologies Ltd secured US$3.02 million in new orders for IDRS terminals.
  • The orders are expected to positively impact the company’s financial year and industry standing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Addvalue Technologies Secures $3.02 Million in New Space Connectivity Orders

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Addvalue Technologies Ltd ( (SG:A31) ) has issued an announcement.

Addvalue Technologies Ltd has secured new orders worth approximately US$3.02 million for its Inter-Satellite Data Relay System (IDRS) terminals from two existing clients expanding their satellite constellations. This development enhances the company’s position in the space and satellite industry, with the orders expected to positively impact the financial year, contributing to an order book total of US$18.12 million.

More about Addvalue Technologies Ltd

Addvalue Technologies Ltd operates in the space and satellite industry, focusing on providing Space Connectivity solutions. The company specializes in products like the Inter-Satellite Data Relay System (IDRS) terminals, which are crucial for satellite communications.

Average Trading Volume: 17,122,350

Technical Sentiment Signal: Buy

Current Market Cap: S$90.56M

Learn more about A31 stock on TipRanks’ Stock Analysis page.

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