Thursday, 20 February 2014

ADDVALTECH - $0.067 BULLISH BREAKOUT BOOSTED BY POSITIVE NEW FLOWS




Addvalue Tech:
Appointed by Inmarsat as a Manufacturing Partner for Fleet One, Inmarsat’s new Maritime Satellite Service

Singapore, 19 February 2014 – Addvalue Technologies Ltd is pleased to announce that its wholly-owned subsidiary, Addvalue Innovation Pte Ltd, the leading innovator in wireless and broadband satellite communications technology products, has been appointed by Inmarsat as a manufacturing partner for its new maritime satellite service called Fleet One.

Fleet One is Inmarsat’s new voice and data satellite service designed specifically for the maritime leisure and fishing community which is due to enter commercial service during the second quarter of 2014.
Commenting on the appointment, Mr Frank Coles, President, Inmarsat Maritime, highlighted that “Addvalue is a long-standing, trusted partner of Inmarsat and today’s appointment represents an expansion of the partnership between our respective companies.” He added that “Addvalue has a proven history of manufacturing highly reliable terminals, supporting a range of Inmarsat services, and we are pleased to have them join us as we prepare to unveil Fleet One in Q2.”

Dr Colin Chan, Chairman & CEO of Addvalue Technologies, remarked that “in further strengthening our more than a decade long partnership, Addvalue is indeed proud and honored to have once again teamed up with Inmarsat in its latest program to address the small vessels market. We will certainly uphold our very best efforts in seeing the endeavor to a resounding success.”
Fleet One will be the latest addition to Inmarsat’s L-band portfolio. The new service has been designed to meet the particular communications needs of leisure mariners, day boaters and sport and coastal fisherman, providing uninterrupted, near-shore voice and data connectivity.









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