Addvalue Technologies Ltd Secures Two Contracts Totaling $4.7 Million
confidence in the Company's capabilities in delivering advanced and complex embedded hardware modules with demanding quality standards. Although New Order 2 has a lower value-add, compared with that of New Order 1, as it involves in only providing project management services to supply a third-party proprietary embedded hardware product, it is ability to develop and deliver proprietary ADRS1000 modules that attracted this new business opportunity and future collaboration for the development and supply of new ADR-related products. The Total New Order increases the Group`s Order Book from $7.7 million as announced on 15 June 2023, to $12.4 million now, without taking into account of the fulfillment of some of these orders since then. Barring any unforeseen circumstances, the Company expects the Order Book (in particular, the Total New Order) to be substantially fulfilled in the current financial year ending 31 March 2024 and have a positive impact on the financial performance of the Group for the current financial year ending 31 March 2024.