Addvalue Technologies secures $4.690m new orders for space satellite terminals

Two of its existing clients ordered supplies for their inter-satellite system terminals.

Addvalue Technologies Ltd. announced that it secured $4.690m (US$3.6m) in new order in its space connectivity business.

The orders were for the supply of multiple inter-satellite data relay system terminals from two existing clients, one each from America and Europe, Addvalue said in a bourse filing.

Its clients made the order to either fulfill or multiply their constellations, the firm added.

With the new orders, Addvalue’s order book stands at $22.799m (US$17.5m).

Due to non-disclosure agreements, Addvalue is prevented from disclosing further information about the deal and the customers involved, it said.

USD1 = $1.30

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