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Addvalue Tech sets up US based subsidiary to tap onto growing demand

Atiqah Mokhtar
Atiqah Mokhtar3/2/2021 06:30 PM GMT+08  • 1 min read
Addvalue Tech sets up US based subsidiary to tap onto growing demand
The subsidiary will focus on expanding IDRS-related business in North America.
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Addvalue Technologies has incorporated Revere Space, a wholly-owned subsidiary registered in the US for the purpose of expanding its presence in the US space market.

In an SGX filing on March 2, Addvalue states that it plans to address the growing demand for Addvalue’s space-based communications products and services, with the new entity better-positioned to serve North American customers.

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

Revere Space will focus on expanding Inter-Satellite Data Relay System (IDRS)-related business in support of US-based New Space satellite constellation operations.

Shares in Addvalue closed 0.1 cents higher or up 5% at 2.1 cents on March 2.

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