Addvalue to develop broadband products with Beijing-based satellite partner
SINGAPORE – Addvalue Technologies has entered into a collaboration agreement with a Beijing-based partner to develop, market and distribute satellite broadband products for fishing vessels in China and South-east Asia. Addvalue, a provider of mobile satellite communications solutions, will team up with Beijing-based Huaan Xingke Information Technology to integrate the China Beidou navigation and satellite communications technology for a number of vertical markets. Huaan Xingke is the only entity authorised by the Chinese government to operate Beidou services outside China, Addvalue said.
Addvalue expects the collaboration to deliver products over three years beginning from the second half of 2018 with a combined revenue of more than US£12 million.
An initial order of about US£1 million is expected to be fulfilled within 2018.