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Addvalue Technologies Secures New Orders Worth Nearly $3 Million; Shares Down 10%

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-- Addvalue Technologies (SGX:A31) received new orders worth around $2.9 million for its space connectivity business, according to a Tuesday filing with the Singapore Exchange.

The orders for the supply of InterSatellite Data Relay System (IDRS) terminals are from four clients.

Following the award of the new contracts, the group's order book now stands at $24.9 million, the filing said.

Shares of the provider and developer of communications technology products were down nearly 10% in Tuesday trading.

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