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ADDVALUE TECHNOLOGIES LTD

Company Registration Number: 199603037H

NEWS RELEASE -

ADDVALUE AND GERMAN-BASED IMST ENTER INTO DESIGN

COLLABORATION TO DEVELOP LAND MOBILE AND MARITIME

BGAN TERMINALS

Singapore, 20 September 2007 ?

subsidiary of Addvalue Technologies Ltd, enters into an Memorandum of

Understanding ( ?MoU? ) with IMST GmbH, a company established in Germany, to

jointly develop land mobile and maritime BGAN terminals targeting the fast growing

land mobile and maritime markets.

Under the MoU, Addvalue and IMST will jointly develop land mobile and maritime

BGAN terminals using a mechanically steered antenna solution. In addition, the

collaboration will also extend to the development of land mobile and maritime BGAN

terminals using the state-of-the-art electronic-steered antenna. The electronicsteered

antenna is expected to be significantly cheaper over the lifetime, and much

more reliable compared to the mechanically steered antenna.

This collaboration is a win-win partnership between both companies as Addvalue?s

expertise in BGAN technology compliments IMST?s land mobile and maritime

antenna design technology and expertise.

The mobile satellite communications services industry has grown rapidly in the past

20 years. According to market research consultancy, Euroconsult, the number of

active mobile satellite terminals has grown from less than 1,000 units in 1980 to

more than 1 million units in 2004. The growth in terminals has accelerated since the

late 1990s with the launch of new products. The number of data and voice terminalsAddvalue Communications Pte Ltd, a whollyowned

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grew at a compounded annual growth rate of 36% from 1995 to 2004.

Telecommunications market research firm, Northern Sky Research, expects units in

service in the mobile satellite industry to exhibit a cumulative annual growth rate of

34.2% through 2010, resulting in a 17.9% cumulative annual growth rate in retail

revenue.

The successful commercialization of the jointly developed land mobile and maritime

terminals will enable Addvalue to penetrate the lucrative and potentially immense

land mobile and maritime markets, which traditionally have been contributing

significantly to the annual revenue of Inmarsat Ltd, a global leader in broadband

satellite communications.

Chairman and CEO Dr Colin Chan said, ?The collaboration with IMST is in line with

Addvalue?s plan to capitalize on our BGAN expertise and expand our existing BGAN

product offerings to a wider range to include land mobile and maritime terminals. As

the use of BGAN satellite services continue to grow globally, we are uniquely placed

to introduce more products to satellite communication users. We believe by doing so,

we are enhancing the attraction of our Addvalue satellite communication products

family to end-users and potential buyers.?

Dr Colin Chan added, ?The wild card is in the development of the BGAN terminals

using the state-of-the-art electronic-steered antenna, which, upon commercialization,

is expected to result in significant competitive advantages to be reaped over the

traditional solution using the mechanically-steered antenna.?

Dr Matthias Geissler, Head of Antenna Development at IMST said ?This

collaboration will bring together the experience of Addvalue in the field of BGAN

product development with IMST?s expertise in innovative antenna design. The joint

development of electronically steerable antennas will be a breakthrough towards a

new generation of extremely silent, long life high-performance antennas.?

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IMST has been developing antennas for end-user terminals for the past 15 years,

focusing on cellular as well as on satellite communications. Based on IMST?s

extensive knowledge in digital and RF circuit design, in semiconductor components

as well as in testing and measurements, IMST expects to finalize the development of

the electronically steerable antenna very soon.

About Addvalue Communications Pte Ltd

Established in Singapore since 1994, Addvalue Communications Pte Ltd, a wholly

owned subsidiary of Addvalue Technologies Ltd, is a leading one-stop digital,

wireless and broadband communications technology products innovator, which

provides comprehensive satellite communication solutions, tracking and telemetry

communications solutions and digital wireless design services for customers and

business partners which include global leaders in the communications, information

technology and electronics industries. Addvalue Technologies Ltd is listed on the

Main Board of the Singapore Exchange (symbol: addvaltech). Addvalue

Technologies Ltd?s web site is: www.addvaluetech.com.

About IMST

IMST, founded in 1992, is an independent private research company located in

Kamp-Lintfort, Germany. It presently has more than 100 engineers conducting

research and development in software, components, subsystems and systems for a

variety of customers worldwide. Its development activities range from wireless

applications based on Bluetooth and WLAN over mobile phone design up to the

realization of electronically steerable antennas for satellite communication. IMST?s

web site is: www.imst.com

About Inmarsat

Inmarsat is the pioneer of global mobile satellite communications. It came into being

as an inter-governmental organization in 1979 to provide global safety and other

communications for the maritime community. Starting with a customer base of 900

ships in the early 1980s, it then grew rapidly to offer similar services to other users

on land and in the air, until in 1999 it became the first IGO to be transformed into a

private company. It now supports links for phone, fax and data communications to

more than 287,000 ship, vehicle, aircraft and other mobile users. The Inmarsat

business strategy is to pursue a range of new data opportunities at the convergence

of information technology, telecoms and mobility, while continuing to serve traditional

maritime, aeronautical, land-mobile and remote-area markets. Inmarsat is listed on

the London Stock Exchange (ISAT). Inmarsat?s web site is: www.inmarsat.com

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About BGAN

Inmarsat's Broadband Global Area Network (BGAN) is a mobile communications

service that offers highspeed data (up to 492Kbps) and voice telephony ?

simultaneously through one device. The service is accessed via a lightweight

satellite terminal ? about the size of a notebook PC ? which is easy to carry, quick to

set up and easy to use. BGAN will enable users to access email, corporate networks

and the Internet, transfer files and make telephone calls. The service will be initially

available throughout Europe, Africa, the Middle East and Asia from the end of 2005.

In 2008, coverage will be extended to include the Americas ? providing broadband to

mobile users wherever they find themselves on the planet.

For

Ms Apple Tan

Manager, Marketing Communications

Addvalue Technologies Ltd

Tel : +65 6342 5421

Email : Media Enquiries, please contactapple@addvalue.com.sg