May 24 (Reuters) - Addvalue Technologies Ltd:
* Refers to DBS report dated May 23 which stated one of key risks facing the group may be "unable to secure grants to cover high research and development expenses.."
* Clarifies that, from 2014 to 2016, group received a grant of a significant sum from office for Space Technology and Industry
* Group is expected to have adequate funding to cover its ongoing research and development expenditure for at least new four-year grant period
* Group, in February 2017, received a further grant commitment of a much larger sum from OSTIN Source text for Eikon: Further company coverage: