The Board of Directors of Addvalue Technologies Ltd. announced that the Group has secured a new contract for its Advanced Digital Radio -related Business, a new order for its Space Connectivity -related Business. The New Contract comprises the supply of several proprietary software defined and RF communication modules worth USD 3.67 million to an existing large technology customer and The New Order comprises the supply of IDRS terminals and engineering services worth about USD 1.72 million to two of existing Inter-Satellite Data Relay System (DRS) customers and one new IDRS customer. Due to non-disclosure obligations, the Group is currently prevented from disclosing further details about the New Contract and New Order and the customers involved.

Further details concerning the New Order and the said customer will be made available as soon as the Group is freed of its non-disclosure obligations. Together with the New Contract and New Order, the Group`s Order Book as at this writing stands at USD 8.92 million. Barring any unforeseen circumstances, the Company expects the New Contract and New Order to be fulfilled within the current financial year ending 31 March 2025 and will have a material positive impact on the current financial year of the Group.