Addvalue Technologies has won new orders worth US$5.1 million for its space connectivity business, bringing its total order book to US$23.35 million, to be fulfilled over the next 12 months.
The company says the new orders were secured from three unrelated customers, including one new customer, for multiple Inter-Satellite Data Relay System (IDRS) terminals to support upcoming Earth observation and in-orbit service missions.
"The orders reflect these customers’ plans to enhance their space operations using IDRS services," says Addvalue.
Just on April 28, the company had won additional IDRS orders worth US$2.9 million.
Addvalue Technologies shares closed at 17 cents on June 5, down 4.44% for the day but 145.71% year to date.
