Addvalue Technologies announced, on Aug 19, that it has garnered new sales orders to deliver over $1.5 million of sales to its government users and commercial enterprises for the FY2022 ending March 31, 2022.
See: Shares in Addvalue plunge over 40% prompting SGX query
The new sales orders were garnered through the company’s reconfigurable embedded system (RES)-related business, which rides on its in-house FPGA-based re-configurable hardware development and Software Defined Radio (SDR) capability.
Addvalue says it is also confident in converting its “long list of prospects” from its partnerships with global leaders like AVNET into more concrete orders of around $3.0 million in FY2022.
Shares in Addvalue closed 0.3 cent higher or 33.33% up at 1.2 cents on Aug 18.