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.
Affluence Corporation (AFFU.PK) announced that its subsidiary, OneMind Technologies, received recognition from Maia Research as a top player in the Flight and Situational Awareness Market. The market is projected to grow from $900 million in 2021 to $1.8 billion by 2028. OneMind's Hypervisor software stands out for its ability to integrate data in any format, unlike competitors bound to proprietary systems. This versatility positions OneMind favorably amidst partnerships and competition with industry giants such as Collins Aerospace and L3 Harris.
Affluence Corporation (OTC PINK: AFFU) announced a significant enhancement to its OneMind Technology's Hypervisor product to meet rising market demand. The upgrade aims to improve real-time analytics and multi-domain intelligence for public safety applications in smart cities. This relates particularly to emergency services coordination, optimizing response times and operational efficiency. A live demonstration of these capabilities will be showcased at the upcoming GITEX GLOBAL event in Dubai from October 10-14, 2022, emphasizing the transformative potential of their advanced technology solutions.
Affluence Corporation (OTC PINK: AFFU) announced that its subsidiary, OneMind Technology, had a successful debut at the Intersec Saudi Arabia Conference. The collaboration with Dell Technologies led to numerous sales opportunities and partnership discussions. New Head of Sales, Jorge Luengo Azcona, joined the team, bringing over 20 years of experience in disruptive technologies. OneMind's Hypervisor, an innovative IoT solution, is key to smart city operations and partnerships with Fortune 50 companies.
Affluence Corporation (OTC PINK:AFFU) announced a significant step towards growth by selecting Accell Audit and Compliance, PA as its audit and compliance partner. CEO James E. Honan, Jr. stated that this move aims to enhance transparency for shareholders as Affluence becomes a fully reporting company. The audit firm is experienced in working with emerging growth companies, which aligns with Affluence's goal of providing a comprehensive view of its operations. The company specializes in smart city software and IoT technology, seeking to leverage these advancements for future growth.
Affluence Corporation (OTC PINK:AFFU) announced that its subsidiary, OneMind Technology, will showcase its Hypervisor product at the Intersec Saudi Arabia Conference from September 13 to 15. Invited by Dell Technologies (NYSE: DELL), OneMind aims to demonstrate how its IoT solutions enhance safety and security in digital cities. The conference will host key government and industry leaders, focusing on emergency services and smart city innovations. Affluence is committed to advancing smart city technology through IoT and AI solutions.
Affluence Corporation (OTC PINK:AFFU) has reported record revenue for the third consecutive quarter in its Q2 2022 earnings, posting a remarkable 511% increase year-over-year and a 12% growth from Q1 2022, totaling $617,076. The company has achieved positive net income in each of the last three quarters. Management credits growth to successful partnerships and a robust Smart City Software market, projected to reach $6 trillion by 2030. Additionally, Affluence is advancing a significant Smart City project and has secured a $1 million contract for AI module development.
Affluence Corporation (OTC PINK: AFFU) has announced a strategic partnership between its subsidiary OneMind Technologies and Corsight AI, a leader in facial recognition technology. This collaboration aims to enhance security in smart cities worldwide by integrating Corsight's advanced AI-powered solutions with OneMind's hypervisors. Recognized by NIST for reducing bias and improving data privacy, Corsight's technology is expected to significantly lower crime rates. The global smart city market is projected to grow substantially by 2030, positioning this partnership as a move towards safer connected environments.
Affluence Corporation (OTC PINK: AFFU) announced the development of Hypervisor SVI, a real-time detection system for police departments aimed at tackling carjackings and vehicle thefts. This innovative product integrates various technologies such as License Plate Recognition, Facial Recognition, and Computer Aided Dispatch to notify police of stolen vehicles instantly. Following successful evaluations, the initial purchase order is anticipated within the next 60 days. The CEO emphasized its potential to enhance policing effectiveness and deter crime, showcasing a significant advancement in law enforcement technology.
Affluence Corporation (OTC PINK:AFFU) announced a significant follow-on purchase order for AI modules on the OMT NG platform, related to a major Smart City project in the Middle East. This order is nearly as large as the initial phase, enhancing the deployment of the OneMind software platform. CEO James E Honan, Jr. expressed confidence in the project's expansion potential. OneMind Technologies is noted for its unique feature set, supporting real-time data processing. This further development positions Affluence favorably for future orders and applications.
Affluence Corporation (OTC PINK:AFFU) reported positive developments in its Q2 2022 update, highlighting increased sales efforts in new markets via strategic partnerships. CEO James E. Honan, Jr. noted the expansion of their sales funnel with opportunities in the US, Europe, and the Middle East. The company is progressing on the largest smart city project in the Middle East, with Phase 2 set to begin soon. Operationally, their subsidiary, OneMind Technology, continues to be a growth driver, while RAS Engineering maintains steady results. Q3 goals include hiring more sales personnel and delivering on ongoing projects.
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