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