Satellite communications company Addvalue Technologies has won new contracts worth US$3.7 million, bringing its order book to US$26.4 million.
The company says these most recent orders were for multiple Inter-Satellite Data Relay System (IDRS) terminals were from four "established" clients.
Earlier, Addvalue had announced the sale of multiple IDRS terminals with a combined value of US$9.9 million.
"Taken together, these developments underscore the growing prominence of IDRS as a leading space communication solution within the LEO satellite industry," says CEO Tan Kai Phang.
The company expects to fulfil these orders over the coming year and these contracts will have a "material positive impact" on the next financial year.
Addvalue Technologies shares closed at 8.1 cents on March 6 up 2.53% for the day and up 710% in the past year.
