iWOW Technology (SGX:NXR) was awarded a contract for he design, supply, installation, commissioning, operation and maintenance of the WAAS front-end system, from a Statutory Board potentially worth more than SG$50 million.
The project also includes an additional option for the customer to extend for a period of five years and add an aggregate value of up to SG$30 million, which will bring the total value of the contract to roughly SG$80 million.
The base award raises the group's current order book to SG$130 million, according to a filing with the Singapore Exchange on Friday.
Shares of the company were up over 6% in recent trading.
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.