Avanceon Limited has secured $9m in new projects across Pakistan's energy, infrastructure and hospitality sectors, signalling a fresh round of automation-driven investment in digital and control systems.
The Lahore-headquartered technology firm disclosed the development in a notice to the Pakistan Stock Exchange, detailing contracts that span advanced automation, cybersecurity and smart building solutions.
According to the filing, Avanceon has received a Letter of Intent amounting to $5.7m for energy-sector initiatives. The projects involve terminal automation and transformation programmes incorporating solar-powered control systems, resilient communication networks, centralised SCADA integration and cybersecurity aligned with IEC 62443 standards.
In addition, the company has secured $3.3m worth of new assignments in hospitality, retail and real estate segments. These contracts cover advanced extra-low voltage systems, building management systems, fire alarm infrastructure, guest room management solutions and IT network implementation.
The latest agreements mark the company's formal entry into the hospitality automation domain, extending its footprint beyond traditional industrial applications into smart building technologies.
In its communication, Avanceon said the projects are expected to streamline client operations and support improvements in cost efficiency through digitalisation and automation.
Established in 2003 as a private limited entity and converted into a public company in 2008, Avanceon specialises in automation and control equipment trading alongside technical services.
The company indicated that the newly awarded projects could have a positive impact on its business performance and shareholder value, reinforcing its growth trajectory within Pakistan's expanding digital infrastructure market.