Affluence Stock Price, News & Analysis

Affluence Corporation (AFFU.PK) has appointed Mark D. Moyer as Chief Financial Officer, effective January 1, 2022. Moyer brings extensive experience from previous roles at publicly listed technology firms and will lead the company's initiative to become a fully reporting entity. This effort aims to enhance financial transparency and pave the way for potential listings on other exchanges, promising greater value for shareholders. CEO James E. Honan, Jr. emphasized Moyer's strategic vision and the importance of this transition for Affluence's growth.

Affluence Corporation (OTC PINK: AFFU) has announced a significant contract won by its subsidiary, OneMind Technologies, with the Department of Tourism of Quang Ninh Province, Vietnam. This contract involves the implementation of an IoT solution to enhance tourism management through real-time data integration. The CEO, James E. Honan, highlighted this as the second major agreement secured this quarter, emphasizing the growing global demand for Smart City Software and IoT technologies. Revenue recognition from this contract is expected in Q4 2021 and Q1 2022.

Affluence Corporation (OTC PINK:AFFU) has announced the launch of a new software solution for airport terminals called Airport Hypervision. Developed by its subsidiary, OneMind Technologies, this solution enhances situational awareness through crowd management, thermal screening, and incident management. Airport Hypervision is designed to monitor compliance with health protocols and improve operational efficiency, drawing from OneMind's successful Smart City platform already in use in cities like Barcelona and San Francisco.

Affluence Corporation (AFFU.PK) reported a remarkable doubling of revenue in Q3 2021, reaching $225,000, the highest quarterly revenue in its history. The growth reflects a rising demand for its IoT technologies. The CEO highlighted a significant project with OneMind Technologies for a major Smart City initiative, along with plans for a $40 million funding term sheet and several pending acquisitions expected to close by Q1 2022. The company also signed global agreements with two organizations, enhancing its capital structure by converting debt to equity and eliminating overhang.

Affluence Corporation (OTC PINK:AFFU) announced a significant agreement between its subsidiary, OneMind Technologies, and ISLP Technologies to deliver software solutions for Smart City projects in India. This partnership is expected to enhance OneMind's growth and positively impact revenue in 2022. The collaboration benefits from ISLP’s connections with major Indian telecommunications companies, facilitating the rollout of smart city applications. OneMind’s flexible product suite is positioned to expand into various sectors, including smart airports and hospitals.

Affluence Corporation (OTC PINK: AFFU) has released a new interview featuring Stephane Eyme, President of OneMind Technologies, discussing their innovative IoT solutions for smart cities. OneMind, a subsidiary of Affluence, has established partnerships with major firms like Dell and Orange Business Systems, enhancing their market visibility. The company recently secured a multi-million dollar contract for a significant smart city project in the Middle East, indicating robust growth potential in the expanding $2.5 trillion global Smart City market projected by 2026.

Affluence Corporation (AFFU) announced a significant partnership through its subsidiary, OneMind Technologies, which executed global master services agreements with Dell and Orange Business Systems. This agreement establishes OneMind as the preferred provider for Smart City software and positions it as the command & control solution for a major project in the Middle East. The company's pipeline for 2022 exceeds $5 million, with potential growth anticipated following the project kickoff in November. The global Smart City market is projected to reach $2.5 trillion by 2026.

Affluence Corporation (OTC PINK:AFFU) is set to enter the $9.2 billion SCADA market through its acquisition of Saamarthya, offering an innovative Industrial IoT solution. This solution enhances manufacturing efficiency with real-time data analytics and AI-driven decision-making, enabling remote monitoring via mobile devices. Current deployments include over 70 solar power locations across Asia. Forecasts indicate installations on over 50,000 machines in India within a year. The SCADA market is projected to grow at a CAGR of 7.6%, reaching $13.2 billion by 2026, driven by IoT and AI adoption.