Octopus Digital, a wholly owned subsidiary of Avanceon Limited, signed an Industry 4.0 and Digital Transformation Partnership Memorandum of Understanding (MoU) with Hub Power Services Limited (HPSL), a wholly owned subsidiary of The Hub Power Company (HUBCO), the largest Independent Power Producer (IPP) in Pakistan.
As per the MoU, Octopus Digital will enable Digital KPI Dashboards, Cloud based Reporting and Data Driven Asset Maintenance Services for HUBCO’s Power Plants. Both companies will also work out a joint business plan for co-marketing and co -selling dash boarding services to other industries within Pakistan and abroad.
The MoU will accelerate the Industrial Ecosystem to realize Industry 4.0 and Unlock New Business Opportunities for both Organizations.
Octopus Digital hosted the Executive Leadership from HUBCO to sign the MoU between the two companies on May 03, 2021, at Avanceon Limited’s Regional Headquarters in Lahore.