Addvalue Technologies Ltd. announced that the Group has secured a new order for its Space Connectivity-related Business. The New Order comprising Inter-Satellite Data Relay System terminals worth about USD 2.085 million is a repeat order from one of existing IDRS customers. The Company expects the New Order to be partially fulfilled within the current financial year and will have a material positive impact on the current financial year of the Group.

Together with the New Order, the Group's Order Book as at this writing stands at USD 19.38 million, after taking into account the USD 9.2 million of the order book fulfilled from 1 April 2023 to 29 February 2024. Barring any unforeseen circumstances, the Company expects Order Book to be significantly fulfilled in the next 12 months.