Addvalue Technologies (SGX:A31) and space logistics and orbital transportation services company, D-Orbit have entered a partnership through which D-Orbit will utilize the company's Inter-Satellite Data Relay System (IDRS) in its in-orbit demonstration mission.
The mission is part of D-Orbit's Intelligent Networked Node payload family and will deliver infrastructure-as-a-service capabilities to customers in 2025, according to a filing with the Singapore Exchange on Tuesday.
IDRS will be used for software deployment and download of products directly to end users.
The mission will be carried out through the ION Satellite Carrier that has completed 14 missions in the past.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.