SINGAPORE, 6 December 2021 – It has been announced by the Board (“AVT Board”) of Addvalue Technologies Ltd. (“Addvalue”) that EDIS will be making an investment into Addvalue.

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EDIS believes that Addvalue has strong technologies in satellite communications, especially its developments in Inter-satellite Data Relay Services (IDRS).

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The team at EDIS will work with the Addvalue management, customers, partners, and fellow shareholders to support Addvalue as it seeks to make its mark in the space technology industry from Singapore.

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In anticipation of EDIS’ initial investment, EDIS has nominated and put forward for the consideration of Addvalue, Chua Chwee Koh for appointment as a non-independent and non-executive director to the AVT Board.

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Chwee Koh, “With support from EDIS and other shareholders and upon my appointment, I look forward to working closely with my fellow Directors, the new CEO and a re-energised Addvalue team, to breakout and make Addvalue the global leader in the inter-satellite communication space”.

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About Chua Chwee Koh

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Chwee Koh brings with him a wealth of experience having spent 17 years with Certis CISCO in leading and transforming the business. He played a key role in integrating operations & technology in the security business and was leading the digital transformation in the last 3 years. He is currently a Senior Advisor in Certis. Prior to joining Certis in 2004, Chwee Koh served 22 years in Singapore Armed Forces and retired with the rank of Brigadier General.