Dear shareholders, clients, partners, and colleagues,
2024 has been a notable year for Addvalue. The company achieved financial profitability for the first time since the Covid-19 pandemic and set a growth trajectory for 2025.
2024 Achievements and Progress
Our Inter-Satellite Data Relay System (IDRS) has experienced significant growth with numerous new multi-satellite constellations joining the user base, which now includes over 18 leading LEO satellite operators engaged in various space missions. This development reaffirms our position as a leading provider of reliable, low-latency data communication solutions for the LEO satellite industry.
Our advanced reconfigurable embedded hardware development capability has secured new supply contracts and product development projects. We expect to expand this aspect of our business, especially in software-defined applications for radio communications, edge data processing, and generative AI solutions.
Looking ahead to 2025, we see promising opportunities in our target markets. The demand for our IDRS and embedded hardware solutions remains strong, and we are well-positioned to benefit from the rapid adoption of smart digital technologies. We will continue to focus on enhancing our capabilities, strengthening partnerships, and deepening customer relationships to drive sustainable growth.
We have strategically positioned ourselves to capitalize on new opportunities within the evolving digital economy. Despite anticipated global challenges such as climate change, economic uncertainties, and geopolitical tensions, we remain committed to resilience, adaptability, and innovation as key principles for success.
At Addvalue, these principles are integral to our operations, providing confidence in our future. While macro-level factors will continue to impact us, we are prepared to navigate them with vigilance and determination, as we have done previously.
On behalf of the company, I would like to extend my sincere gratitude to all our customers, shareholders, partners, staff, and board members for making 2024 a significant year for the company.
Wishing you and your loved ones a prosperous and fulfilling 2025 filled with health, happiness, and success.