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Avaron Technologies Limited is founded since July 2018. Its executive management have decades of valuable experience in optical sensing technologies and have developed smart condition monitoring systems in railway and structural health monitoring applications. The core business of Avaron is to offer one-stop service using local disruptive technologies and complete solutions with AI-based analytics to address the underlying needs on condition based and predictive maintenance for smart and green building to enhance asset’s operation and maintenance efficiency, service quality, reliability, and availability. Avaron employs the truly cost-effective integrated solutions with green technologies of which proprietary Smart Neural Optical Sensing Network system is developed with no electrical power required to measure a wide range of parameters with enhanced sensitivity over conventional sensors to accomplish effective health monitoring of the mission critical components applied to lift, escalator, HVAC air-conditioning and fire detection. Three smart monitoring system products (Lift-SenTM,ESC-SenTM, HVAC-SenTM) have been successfully deployed in Hong Kong government buildings for future development on smart predictive fault alarm system network for citywide monitoring using AI and machine learning technologies .