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Addvalue Technologies Ltd ( (SG:A31) ) has issued an announcement.
Addvalue Technologies has secured approximately US$3.5 million in new space connectivity orders for multiple Inter-Satellite Data Relay System terminals from three existing customers and one new client, all of whom will use the technology to support diverse space missions. With these contracts, the Group’s order book has risen to about US$26.0 million, and the company expects to substantially fulfill the latest orders within the next 12 months, providing a material positive impact on its next financial year and reinforcing its growing prominence in the space and satellite communications market.
The most recent analyst rating on (SG:A31) stock is a Buy with a S$0.08 price target. To see the full list of analyst forecasts on Addvalue Technologies Ltd stock, see the SG:A31 Stock Forecast page.
More about Addvalue Technologies Ltd
Addvalue Technologies Ltd, together with its subsidiaries, operates in the space and satellite communications industry, focusing on space connectivity solutions. A key product line is its Inter-Satellite Data Relay System (IDRS) terminals, which support a variety of space missions and position the Group as a notable player in satellite-based data relay services.
Average Trading Volume: 28,595,656
Technical Sentiment Signal: Buy
Current Market Cap: S$257.8M
Find detailed analytics on A31 stock on TipRanks’ Stock Analysis page.