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.
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Affluence Corporation (AFFU) reported record revenue of $1,463,099 for FY 2022, a 185% increase from $513,673 in 2021. The company also achieved a 38% revenue growth in Q4 compared to Q4 2021, with an improved gross margin of 5% year-over-year. CEO James E. Honan, Jr. highlighted significant expansion in the customer base and strategic partnerships globally, contributing to the enhanced Smart City Software solutions that incorporate AI and SaaS options. Looking ahead, the preliminary results for Q1 2023 are projected to double compared to the previous quarter, with a sales pipeline five times larger than last year. The company has established key partnerships with Dell Technologies, Orange Business Services, and others, indicating strong future growth potential.
OAK BROOK, IL / ACCESSWIRE / February 7, 2023 - OneMind Technologies, a subsidiary of Affluence Corporation (AFFU.PK), announced new product features leveraging Artificial Intelligence (AI) and Machine Learning (ML) to enhance analytics for Smart City decision-making. The announcement was made at the LEAP 2023 Technology Conference in Saudi Arabia, where OneMind showcased its Hypervisor for Digital Cities alongside Orange Business Services (NYSE:ORAN). New functionalities, including an analytical panel for data clustering and monitoring, aim to support city managers with real-time, actionable insights. OneMind is committed to evolving its platform with emerging tech trends.
Affluence Corporation (OTC PINK: AFFU) announces that its subsidiary, OneMind Technologies, has been awarded Best Regional Partner for the 2022 IMEAR by Orange Business Services. This recognition reflects OneMind's expertise in smart city digital transformation and strengthens its partnership with Orange. The award was presented at the annual Partner Day in Paris, where strategies for leading in cloud and IoT services were discussed. This accolade positions OneMind for further growth and expansion in digital city projects.
OneMind Technologies, a subsidiary of Affluence Corporation (OTC PINK:AFFU), has formed a strategic partnership with Dell Technologies (NYSE:DELL). This collaboration will see Dell integrate OneMind's Hypervisor into its Digital City Software product. The partnership aims to leverage Dell's extensive sales force to expand OneMind's global market reach, following previous successful projects. Both companies have participated in major Digital City events, showcasing their joint capabilities in the smart city sector.
Affluence Corporation (OTC PINK:AFFU) reported third-quarter earnings for 2022, achieving its fourth consecutive quarter of positive net income. Key highlights include a 504% year-over-year revenue growth, reaching $453,005, and a net income of $132,670. The gross margin improved by 20 points quarter over quarter. The company also secured $3.3 million in growth capital to enhance its development and sales efforts. Partnerships with major technology firms aim to expand sales reach across multiple regions, including North America and Asia.
Affluence Corporation (OTC PINK: AFFU) announced its participation at the Smart City Expo World Congress 2022 in Barcelona from November 15-17. OneMind Technology, a subsidiary of Affluence, will showcase its Hypervisor product and is invited as a technology partner by Dell Technologies. Key executives will deliver notable presentations on optimizing smart city operations and innovations in smart city software. The expo aims to gather over 24,000 attendees and focuses on various sectors including safety, security, and energy efficiency.
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