Addvalue Technologies’s wholly-owned subsidiary, Addvalue Innovation, has secured a new order for “several more” Inter-Satellite Data Relay System (IDRS) terminals worth over US$1 million.

In a filing to SGX dated March 23, the company states that due to non-disclosure obligations, it is constrained from disclosing further details about the new order at this juncture, and will do so once it is freed of such obligations.


SEE:Addvalue to supply Indonesian partner with US$1 mil VSAT solution for military use


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

Shares in Addvalue closed 0.1 cents or 4.76% higher at 2.2 cents on March 23.