General Announcement::ADDVALUE INKED IDRS AIRTIME SERVICE AGREEMENT WITH A PREMIER GLOBAL SATELLITE SERVICE COMPANY

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Jun-2018 08:34:57
Status
New
Announcement Sub Title
ADDVALUE INKED IDRS AIRTIME SERVICE AGREEMENT WITH A PREMIER GLOBAL SATELLITE SERVICE COMPANY
Announcement Reference
SG180607OTHRMEQ7
Submitted By (Co./ Ind. Name)
DR COLIN CHAN KUM LOK
Designation
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
ADDVALUE INKED FOLLOW-ON IDRS AIRTIME SERVICE AGREEMENT WITH A PREMIER GLOBAL SATELLITE SERVICE COMPANY TO PROVIDE IDRS AIRTIME SERVICE VIA ITS IDRS TERMINALS TO BE SHIPPED UNDER THE SUPPLY AGREEMENT PREVIOUSLY SIGNED

THE SUPPLY AGREEMENT AND AIRTIME SERVICE AGREEMENT COLLECTIVELY ARE ESTIMATED TO YIELD ADDVALUE RECURRING ANNUAL REVENUES EXCEEDING US$40 MILLION SUBSEQUENT TO FULL DEPLOYMENT OF THE CUSTOMER'S MULTI-LEO SATELLITE CONSTELLATION


Please refer to the attachment for more details.

Attachments

AVT-Announcement_on_airtime_agreement_with_premier_gss_co_070618.pdf
Total size =153K