Addvalue Technologies, through its wholly-owned subsidiary Addvalue Innovation, has secured initial orders totalling US$1.1 million ($1.6 million) for the supply of the group’s proprietary ADRS1000.
ADRS1000 is an ultra-high performance re-configurable digital radio module with the aim to enable its customers to accelerate the development and deployment of highly complex wireless systems.
Such systems are going to be the mainstay across many industries in Singapore with 5G and beyond, says Addvalue Technologies in a press release dated Sept 2, 2021.
Barring any unforeseen circumstances, the latest order is expected to be substantially fulfilled within the current financial year, adds the group in its statement on Oct 25.
Shares in Addvalue closed at 1.2 cents on Oct 21.
