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An update from Addvalue Technologies Ltd ( (SG:A31) ) is now available.
Addvalue Technologies has secured approximately US$2.9 million in new Space Connectivity-related orders for its Inter-Satellite Data Relay System terminals from three clients, including a new customer. These contracts, aimed at enhancing clients’ space operations via IDRS services, add to previously announced wins and reinforce the system’s rising profile as a key communications solution in the LEO satellite market.
With the latest wins, Addvalue’s total IDRS orders now amount to US$13.6 million and its overall order book stands at US$24.9 million. The company expects most of the new contracts to be fulfilled within 12 months, providing a material positive impact on its next financial year and underpinning targeted growth into FY2027, while directors and substantial shareholders have no direct interests in the orders.
More about Addvalue Technologies Ltd
Addvalue Technologies Ltd is a space connectivity solutions provider focused on communications technologies for satellites. Through its Space Connectivity business, the Group supplies Inter-Satellite Data Relay System (IDRS) terminals that support real-time data links and operational enhancements for low Earth orbit (LEO) satellite operators.
Average Trading Volume: 60,521,886
Technical Sentiment Signal: Buy
Current Market Cap: S$434.6M
See more insights into A31 stock on TipRanks’ Stock Analysis page.