Material Information of Avanceon Limited.

Karachi -- Avanceon Limited informed Pakistan Stock Exchange that a subsidiary of the Company, has been awarded a two-year extension on its contract (Approx. 2.0 Million AED) to maintain and operate Dubai Metro. The maintenance contract for Dubai Metro will be valid through 2021. The scope of maintenance services includes the iECS (Integrated Environmental Control Systems) and its related field devices installed at all 49 station buildings, 3 car parks & 3 rail depots as well as the Tunnel Controls Package. The After-Market Support (AMS) arm of Octopus Digital has been maintaining operations for Dubai Metro since 2013.

The announcement is available at:

https://dps.psx.com.pk/download/document/149615.pdf

Avanceon Limited incorporated in Pakistan in 1984. It provides engineering services in electrical, controls, machine design, information technology, and manufacturing business strategy. The services of the company in engineering services, software solutions, energy optimization, and support services enables its clients with the opportunity to achieve powerful business results and financial returns for its customers. The corporate headquarters of the company is located at Exton, PA USA, with company operational facilities in South Asia and Dubai, UAE. The registered head office of the company in Pakistan is located in...