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

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 remaining financial year ending March 2019.

The revelation comes as part of the group’s response to two separate shareholder queries received via its website, both of which called for more information about Addvalue’s growth potential, market size of its businesses, and valuation of its IPs.

“It is my concern that the company’s share price has been plummeting despite many positive announcements made on IDRS, SDR contracts and others (which had been ignored by the market). I think that more information needs to be conveyed to shareholders,” wrote one shareholder.

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