Welcome to our dedicated page for Affluence news (Ticker: AFFU), a resource for investors and traders seeking the latest updates and insights on Affluence stock.
Affluence Corporation (AFFU) is a diversified global technology holding company focused on smart city and industry software, smart infrastructure, Industrial IoT, AI, 5G, edge computing, and security software solutions. The AFFU news feed highlights how the company and its subsidiaries execute on this strategy through contracts, partnerships, acquisitions, and technology initiatives.
Recent news has featured Affluence’s portfolio companies MTi (Mingothings) and OneMind Technologies across Smart City, Industrial IoT, and security infrastructure projects. Examples include MTi’s role in a smart city management platform in Medini, Malaysia, industrial digitalization contracts involving IoT sensor deployments for crane systems, and participation in event technology projects that apply intelligent virtual assistants, privacy modules, and contextual AI in physical venues.
Affluence also reports on strategic partnerships and corporate developments. MTi has announced a partnership with Aerodyne Group, combining IoT and smart city platforms with drone-based enterprise solutions and AI-powered data analytics. Company communications further cover Affluence’s acquisition strategy, such as a letter of intent to acquire a telecommunications and enterprise connectivity provider, and updates on its efforts to build a roll-up platform for next-generation infrastructure technologies.
Investors and observers following AFFU news can expect coverage of smart city deployments, Industrial IoT contracts, AI and edge computing initiatives, acquisition and capital structure updates, and white papers outlining the company’s thesis for decentralized, AI-native infrastructure. This page aggregates those announcements so readers can track how Affluence and its subsidiaries pursue smart infrastructure and IoT opportunities in markets across Europe, Asia, Central Africa, Southeast Asia, and the United States.
Durham Black Inc (OTC PINK:AFFU) has appointed Yossi Hazan as the new Chief Financial Officer. Hazan brings over 25 years of finance and accounting experience, having previously served as CFO at companies like Connectbase and Enigma. His expertise includes corporate finance, financial reporting, and mergers & acquisitions, where he led $80 million in global deals and raised over $125 million in equity.
CEO Patrick Shutt highlights Hazan's role in driving Durham Black's acquisition and growth plans, with a focus on innovative, asset-light connectivity companies. Hazan aims to work closely with subsidiaries to capitalize on emerging opportunities and scale the business.
Affluence Corp, operating as Durham Black, has announced key leadership changes and board expansions to drive growth in the communications market. Mary Stanhope has been appointed as President and COO, with responsibilities for the company's operational oversight and strategic direction. The Board of Directors has expanded from three to six members, including Robert Pollan as Chairman and Patrick Shutt as Vice Chairman. These changes aim to enhance corporate governance and steer the company's vision to transform the global connectivity market through innovative AI-enabled, asset-light solutions. The new board members bring substantial experience in operations, investment, and revenue generation, positioning Durham Black for sustainable growth and shareholder value creation.
Affluence (OTC PINK: AFFU) has completed a merger with Durham Black Inc., a privately held technology services company. The merged entity will operate as Durham Black Inc. and continue trading under the ticker AFFU. This merger is aimed at expanding into the $1.7 trillion global communications market. Patrick C Shutt is appointed as the new CEO to lead the company through this transformation. The company plans to increase shareholder value through strategic acquisitions, capitalizing on Shutt's extensive experience in growing technology firms.
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