General Announcement::ADDVALUE REPORTS UPTICK IN SALES MOMENTUM FOR ITS MARITIME COMMUNICATIONS SYSTEM

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-May-2017 11:40:14
Status
New
Announcement Sub Title
ADDVALUE REPORTS UPTICK IN SALES MOMENTUM FOR ITS MARITIME COMMUNICATIONS SYSTEM
Announcement Reference
SG170507OTHRFEB5
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)
PRESS RELEASE:

Addvalue reports uptick in sales momentum for its latest generation of maritime communications system, Wideye iFleetONE terminal

- Initial trial order of about US$1.0 million clinched from various customers globally; in discussion with potential customers for additional order of about US$3.5 million
- Customised for small and mid-sized vessels, with built-in Wi-Fi to empower users with connectivity at the ease of their mobile devices offshore
- Priming for growth in satellite communications and related solutions in small vessel market

Attachments