Could you provide us with some background information about Addvalue Technologies and its relevance to the aerospace industry in Singapore?

Addvalue Technologies was established in 1994 with a focus on providing design services for the consumer electronics industry. In 1999, we expanded our market focus to the satellite industry and designed a digital satellite receiver for Sirius Satellite Radio. In the year 2000, we were listed on the Main Board of the Singapore Stock Exchange. Two years later, we made a significant breakthrough in the satellite communications industry by securing a contract to design a portable satellite terminal for Inmarsat. In 2006, we successfully launched our first mobile satellite communications product. Since then, Addvalue has transformed into a company that exclusively focuses on the satellite and digital wireless communications market. We have developed and commercially launched a full array of satellite communications terminals for land and maritime applications.

In 2013, with the support of a financing grant from the Singapore Government, Addvalue embarked on an ambitious project to conduct a proof-of-concept for an innovative inter-satellite data relay system (IDRS). This innovation will enable real-time on-demand communications with any Low Earth Orbit (LEO) satellite, addressing a challenge faced by all LEO satellite operators today. Addvalue launched its Velox-II LEO satellite in December 2015 and successfully validated the proof-of-concept after more than a year of continuous testing. Addvalue aims to further develop this technology and commercialize the Addvalue IDRS services no later than 2020.

Our one-stop-shop product development capabilities and core competency in sophisticated satellite communications technologies make us a unique and innovative company in the world of satellite communications. We have also been providing sophisticated design services related to digital communication technologies for Singapore government-linked companies and organizations involved in aerospace applications. We are actively seeking partnerships with commercial companies in the aerospace industry.

What opportunities does Addvalue have in China and the ASEAN region, as they are among the highest growth markets in the world?

Addvalue already has a wholly-owned subsidiary operating in China to help us identify and develop partnerships to tap into the immense market potential for satellite communications. We have gained strong market shares in the Chinese fishing vessel market, and we are also exploring opportunities in the general aviation market and the LEO satellite industry in China.

Through partnerships with integrators and resellers in the ASEAN region, Addvalue has also been making progress in the ASEAN market, particularly in the Philippines, Vietnam, Indonesia, and Malaysia. We are tapping into opportunities from governmental and enterprise projects, ranging from fishing management and environmental surveillance to smart grid and smart cities connectivity.

Furthermore, the “One Belt, One Road” initiative promoted by China is expected to accelerate many mega cross-border projects in the ASEAN region. Addvalue is ready to capitalize on these opportunities, as our proven satellite and digital communications technologies and our knowledge of the region position us well to partner with China-based companies for the joint development of relevant products and services.

There is a lot of talk about the Internet of Things (IoT) these days, and there are high expectations for market growth. What is Addvalue’s plan in this regard?

Addvalue has been offering satellite communication products for Machine-to-Machine (M2M) applications in the oil and gas and energy industries for almost eight years. These M2M applications are similar to an IoT solution that connects machines end-to-end via a satellite communications network. As the enabling technologies for IoT continue to evolve, new applications will drive the need for connectivity with anything, anytime, and anywhere.