July 05, 2023 (MLN): Avanceon Automation & Control W.L.L Qatar, a subsidiary of Avanceon Limited (PSX: AVN) has been awarded an approximately $10 million contract from a major municipality in the middle east region, the company's filing on PSX showed today.
The objective is to improve the Drainage Network Operation System by enabling real-time monitoring and control of assets at various locations.
The operation system improvement will be achieved by sensing early warnings of flood risk, blockages, infiltration, surcharging, etc. from the master SCADA station.
Avanceon will be installing permanent monitoring and control equipment with RTUs and will extract power from the nearest local permanent or solar power source.
Flooding is a growing concern in the middle east region. Due to rapid urbanization, flash floods have become more common in this part of the world.
Municipalities all over the middle east region are taking proactive measures to protect the population and infrastructure.
As part of the project, Avanceon Limited’s subsidiary Octopus Digital will be providing state-of-the-art digitalization services and solutions to the customer to improve monitoring, efficiency, and optimization of assets. Mentioned below are details of the project.
