Category: IT news

Avanceon Recognised with Prestigious Financial Reporting Award

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Avanceon Recognised with Prestigious Financial Reporting Award

 

Leading system integrator awarded Best Corporate and Sustainability Report 2015

 

Lahore,8th October 2016 – Avanceon [PSX: AVN] is proud to announce that ICAP, the Institute of Chartered Accountants Pakistan, has awarded the company for providing quality financial and accounting information based on the maturity of their reporting. The honour confirms that Avanceon has demonstrated a leading approach to both accounting and informational design in its financial reporting. The technology leader has also been shortlisted for the SAFA [South Asian Federation of Accountants] Award.

 

“For our team, it was a question of ensuring excellence in our communication with investors as we do when we service our client,” commented Bakhtiar H. Wain, CEO & Founder of Avanceon Ltd. “Since our IPO in 2013, this is the first year that Avanceon has been selected for the BRSC Award. Getting there within three years is a big achievement for us,” he added.

 

The award ceremony was held at the Movenpick Hotel, Karachi on 7th October 2016, and was attended by all winners across the Best Corporate and Sustainability Reports 2015 Awards. Launched in 2000 by a joint committee of ICAP and ICMAP in order to drive better quality and transparency by corporations throughout Pakistan, the awards have seen more and more businesses adopt international standards of financial reporting, enhancing their overall corporate governance.

 

Bakhtiar H Wain, Founder and Chief Executive Officer, and Saeed Niazi, Chief Financial Officer attended the ceremony.

 

“The team at Avanceon are incredibly proud to have achieved this accolade and look forward to building on it in the coming years. Avanceon is increasingly gaining industry recognition beyond our core business achievements, and the credit goes to the great team we have. Progressing towards our business objectives at this pace would not be possible without the incredible group of people that we call Avanceon.,” added Mr Wain.

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Avanceon Ltd. [PSX: AVN]

Avanceon is a global provider of sustainable smart solutions and support services for automation, control systems integration, proprietary energy management and plant information management systems. Ensuring customer satisfaction through quality project delivery and employing the latest technologies, including virtualization, the Select Certified Member of the Control System Integrators Association leads the way towards seamless execution of automation solutions. Avanceon is listed on the Hall of Fame of the Control Engineering Magazine’s System Integrator.

www.avanceon.ae

Samsung delays restarting sales of its Galaxy Note 7 in S Korea

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The South Korean tech giant was forced to recall some 2.5 million devices globally due to overheating batteries.

Dozens of devices were reported to have caught fire.

The phone was to be back on the shelf on 28 September but is now expected to be available 1 October at the earliest.

On 2 September Samsung had said it would stop selling the phones and offered to replace the ones already sold. The firm also urged people to stop using the device.

The global recall affects 10 markets. In South Korea, some 200,000 customers have already returned their devices with the same number of people still left for the recall, according to Samsung.

Reuters reported that the next markets where the phone will be available for sale again will be Australia and Singapore in October.

On Friday, cabin crew on an Indian passenger aircraft used a fire extinguisher to tackle a smoking older Samsung handset.

The Galaxy Note 2 – a model launched in 2012 – was smouldering and spitting sparks, according to a statement from airline IndiGo.

n the US, regulators have ordered a formal recall of the Note 7, while the country’s Federal Aviation Administration has told airline passengers not to bring the phones on planes unless they keep them turned off and don’t charge them during the flight.

A number of airlines around the globe have also banned the phone from being used or charged on their planes.

The phone was originally launched on 19 August and had been generally well-received by critics and consumers.

The recall comes at a crucial time for Samsung as rival Apple has just released its new iPhone 7.