Addvalue Technologies has secured a new order worth US$3.7 million ($4.9 million) through its advanced digital radio (ADR)-related business.
The latest order comprises the supply of several proprietary software defined and radio frequency (RF) communication modules to one of Addvalue’s existing large technology customers.
The order follows the US$3.67 million order announced by Addvalue on May 23, bringing this customer’s total contract value to US$7.37 million.
With the latest order, Addvalue’s order book as of Nov 11 stands at US$14.5 million. The new order is expected to be fulfilled within the next 12 months.
On Nov 7, Addvalue announced that it has secured two new customers in Europe and South America for its space connectivity-related business. The new customers represent Addvalue’s foray into these markets for the first time.
The orders, which total US$1 million, are for multiple numbers of Inter-Satellite Data Relay System (IDRS) terminals to augment the customers’ space-based services with Addvalue’s IDRS solutions.
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As at 9.39am, shares in Addvalue are trading flat at 1.2 cents.
