Dragonfly Aerospace, Addvalue Sign MOU to Expand Market Outreach Globally

SINGAPORE, 8 February 2021 (Addvalue PR) – Singapore Exchange Mainboard-listed Addvalue Technologies Ltd (the “Company”), a leading player in the mobile satellite communications industry, announced that its wholly-owned subsidiary, Addvalue Innovation Pte Ltd (“Addvalue”), has entered into a memorandum of understanding (“MOU”) with Dragonfly Aerospace (“Dragonfly”), a leading South African-based space engineering cum space mission company, for a joint marketing collaboration in cross promoting Dragonfly’s imaging payloads and satellites and Addvalue’s Inter-Satellite Data Relay Service (“IDRS”) (the “Business Collaboration”)..