Avanceon Introduces Future Strategy and New Subsidiary
Avanceon Ltd hosted its Analyst Briefing on Monday, April 29, 2019. The main focus of the briefing revolved around the successful conclusion of Highway 50, the outline of Avanceon Ltd’s future strategy Mission 2020 and the introduction of its new subsidiary Octopus Digital.
Coming off yet another highly successful year in terms of revenue recognition, Avanceon Ltd’s CEO and Founder Bakhtiar H. Wain discussed the new Mission 2020 commitment at length. Founder and CEO covered all the different aspects of the new strategy and how it is expected to affect the future of the company. Mission 2020 is the result of a deep and frank analysis of Avanceon’s existing strengths, the potential it sees in different sectors and regions and most importantly the future of the automation industry.
Head of Digitalization Asmar Atif introduced Octopus Digital, Avanceon Ltd’s new digital arm. The fifteen-year veteran has extensive experience in Industry 4.0 and the impact it is expected to have on the future of industrial automation. Asmar Atif gave an overview of the new product Octopus Digital will be launching in Pakistan and how it will add value to Avanceon’s existing customer base. The new subsidiary’s introduction was followed by a live demonstration of the product.
Chief Financial Officer Saeed Ullah Khan Niazi presented Avanceon Ltd’s performance over the fiscal year 2018. He also discussed the key growth areas and the projections for the years 2019 and 2020. In addition, Saeed Ullah Khan Niazi also discussed the current corporate structure of the company and how investors and shareholders can benefit from becoming its stakeholders.
Bakhtiar H. Wain expressed his views on Mission 2020 and Octopus Digital,
‘One has to think of a bigger challenge the moment you meet one. Our Mission 2020 challenge promises to test us to the fullest We are confident that the investment in this new line of business would prove to be the most stellar value proposition for our investors.’
Avanceon Ltd and its subsidiaries remain committed to its shareholders, investors, and customers. Key investors, analysts and members of the media were present at the Analyst Briefing.
About Avanceon – (PSX: AVN) – Avanceon is an industrial automation consultation and system integration entity in Pakistan, Qatar, UAE, KSA and United States. The company follows an ethical, proactive and sustainable approach to business. As a leading innovator within the automation industry Avanceon provides state of the art automation solutions on three continents.
Established in 1984, Avanceon is committed to providing engineering excellence to its clients and partners. Providing end to end solutions, which include Design, Supply, Engineering, Installation, Testing, Commissioning and Maintenance, Avanceon’s executive management has more than a hundred years of experience and insight within the automation and system integration industry.
Find out more about Avanceon at www.avanceon.ae