Addvalue Technologies

The company expects the order to have a material positive impact on the FY2024 ending March 31.

All the companies were included in the watch-list on Dec 5.

With the new orders, the company’s order book now stands at US$14.6 million and will be substantially fulfilled in the current FY.

The notes bear interest at the rate of 9.0% per annum on its outstanding principal amount from the issue date.

In doing so, Addvalue is scrapping an earlier fund-raising deal announced on Nov 20.

Addvalue says it is confident in converting its prospects into orders of around $3.0 million in FY2022.

Addvalue has commissioned three IDRS terminals for commercial service in space since early 2021.

The subsidiary will focus on expanding IDRS-related business in North America.

SINGAPORE (July 3): Addvalue Technologies has entered into an agreement with an Indonesian company which specialises in providing satcom and IT solutions to the Indonesian government and its military agency.

SINGAPORE (Oct 18): Addvalue Technologies has for the first time provided an indication of the value of its intellectual property (IP) assets – and that it anticipates a few more Inter-Satellite Data Relay System (IDRS) contracts to be signed for the re