Addvalue Technologies secured US$5 million in new contracts for its Space Connectivity and Advanced Digital Radio divisions.
These wins increase the company’s total order book to US$20.23 million.
Management expects to fulfill the majority of these orders within the next 12 months.
The contracts will provide a material positive impact on the financial year ending March 31, 2027.
US$2.8 million of the total comes from Inter-Satellite Data Relay System terminals for clients in the U.S. and Asia-Pacific.
The remaining US$2.2 million involves repeat orders for strategic design services and radio modules in the defense sector.
Addvalue shares rose modestly following the announcement.