Home News Contracts

Addvalue secures another IDRS customer, bringing total to five

Atiqah Mokhtar
Atiqah Mokhtar4/29/2021 06:03 PM GMT+08  • 1 min read
Addvalue secures another IDRS customer, bringing total to five
Addvalue has commissioned three IDRS terminals for commercial service in space since early 2021.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Addvalue Technologies has announced it has secured a new undisclosed customer for its IDRS terminal supply and related provision of airtime service.

In a filing to SGX dated April 29, Addvalue states that it will announce further details on the new customer and order upon release from its non-disclosure obligations.

With the new addition, Addvalue now has a total of five IDRS customers with an aggregate of more than 170 satellites to be deployed.


SEE:Addvalue Tech releases unprecedented valuation of IP assets in response to shareholder queries

Addvalue also states The group has started generating IDRS airtime revenue following the successful commissioning of three IDRS terminals for commercial service in space since early 2021.

Addvalue says it expects to receive more IDRS-related orders for the next 12 months and beyond.

Shares in Addvalue closed flat at 2.2 cents on April 29.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.