Avanceon’s subsidiary secures a high value contract for expansion of the EDC/VCM Emergency Shutdown System

November 9, 2020 (MLN):  Avanceon FZE, a wholly owned subsidiary of Avanceon Limited, has secured a high value contract for the Expansion of the EDC (Ethylene dichloride)/ VCM (vinyl chloride monomer) Emergency Shutdown System (ESD).

The commitment includes supply of hardware, software, and engineering services for the largest producer of PVC products in the region. This contract execution gives a pathway for positive impact on group’s business and value for its shareholders.

The project, which has a total value at approx. 1.0M AED, is currently underway in full swing and will be completed within the agreed timeline, revealed company’s notice to Exchange.

The scope of the project includes:

1. Supply of Schneider Electric Triconex Hardware and Software which include; CPU with TMR Processor, Power Supply Redundant, IO Modules Simplex, Communication Redundant System, Marshalling Cabinets and Accessories.
2. Engineering Services which include; Project Management, and Documentation, Development and In-House Engineering.
3. Hardware Testing & FAT which consist of Hardware Testing at Avanceon Lahore Facility, FAT, Logic Testing and Verification/System Orientation.
4. SAT and Commissioning Services.

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