The Board of Directors of Addvalue Technologies Ltd. announced the appointment of Mr. Richard John Denny as an Independent Director with effect from 1 May 2018. Mr. Denny, an Australian national, has had over 40 years of experience in the space and satellite sector. Following his appointment, Mr. Richard John Denny will be appointed the Chairman of the Remuneration Committee, a member of the Audit Committee and the Nominating Committee. Mr. Denny joined Inmarsat in 1988 and held a range of positions spanning across the technical and operational functions of Inmarsat before he retired in 2012.