Avanceon's Affiliate Achieves Multimillion Contract
A signifiant municipality in the Middle East region has given a multimillion dollar contract to Avanceon Automation & Control W.L.L Qatar, a subsidiary of Avanceon Limited.
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Avanceon Limited made the declaration in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. It was also said that this purchase makes for 15% of the total PO Generation for 2023.
The roughly $10 million project's goal, according to a comprehensive statement from Avanceon, is to enhance the Drainage Network Operation System by providing real-time monitoring and control of assets at diverse locations. By monitoring flood risk, obstructions, infiltration, surcharging, etc. from the master SCADA station, the operating system will be improved. RTU-equipped permanent monitoring and control equipment will be installed by Avanceon, and power will be drawn from the nearby solar or permanent local power source.
In the Middle East, flooding is becoming an increasing problem. In this region of the world, flash floods are more frequent as a result of the rising urbanisation. Municipalities around the Middle East are taking preemptive steps to safeguard the populace and the region's infrastructure.
Octopus Digital, a division of Avanceon Limited, will offer the customer cutting-edge digitalization services and solutions as part of the project to enhance asset monitoring, efficiency, and optimisation.
