Affluence Stock Price, News & Analysis

Affluence Corporation (OTC PINK:AFFU) announced that its subsidiary, OneMind Technologies, will participate in a webinar on June 9, 2021, titled "Integrated Operations Centers (IOC) - what is next?" CEO Stéphane Eyme will join industry leaders to discuss trends in integrated command centers. The webinar, which starts at 2:00 PM Gulf Standard Time, focuses on enhancing city operations and minimizing risks. OneMind Technologies specializes in IoT solutions for smart cities, showcasing partnerships with major companies like Dell Technologies.

Affluence Corporation (OTC PINK: AFFU) announced a strategic initiative to expand its operations in Asia and Africa, following its acquisition of ISLP Technologies. The plan includes acquiring and partnering with tech companies to enhance its offerings. CEO James E. Honan highlighted ongoing negotiations with a major telecom firm in Asia to develop fiber technology infrastructure. Additionally, a Global Services Delivery Centre is being established in India to boost project delivery capabilities.

Affluence Corporation (OTC PINK:AFFU) has signed a definitive agreement to acquire ISLP Technologies in India, targeting the rapidly expanding 5G and telecom market. ISLP, with roots in IIT Delhi, brings significant contracts that will leverage Affluence's product suite. CEO James E. Honan, Jr. emphasized that this acquisition aligns with their goal of establishing a global presence. A major project with a leading Indian telecom will showcase Affluence’s technologies. ISLP is expected to unlock further growth opportunities in digitalization and IoT within the region.

Affluence Corporation (OTC PINK: AFFU) announced a strategic partnership for its OneMind subsidiary with a Fortune 50 technology company and a leading European TMT services integrator. This collaboration aims to deliver a significant smart city project, generating over $ million in revenue for 2021 with further growth anticipated in the following years. OneMind's platform has been recognized as a top solution among competitors. The company highlighted a growing pipeline of sales opportunities in the smart city sector, driven by increasing demand for situational awareness and real-time insights.

Affluence Corporation (AFFU) has established a new legal entity in Singapore to cater to increasing demand in Africa, India, and the Asia Pacific markets. CEO James E. Honan highlighted that the new headquarters will support numerous opportunities in the sales pipeline, including several technology acquisitions aimed at enhancing their offerings in Edge Cloud and Smart City solutions. The company anticipates significant purchase orders before Q2 ends, driven by ongoing engagements with government and multinational corporations.

Affluence Corporation (OTC PINK:AFFU) has established a legal entity in Singapore to cater to the increasing demand for its Edge Cloud, IoT, and 5G technologies in Africa, India, and Asia Pacific. The new headquarters aims to bolster the company's global strategy and capitalize on multiple acquisition opportunities in technology sectors. CEO James E. Honan emphasized anticipated significant purchase orders by the end of Q2, while Avinash Bector, leading the Singapore office, noted ongoing high-profile engagements with governments and corporations for innovative tech solutions.

OneMind Technologies is showcasing its innovative solutions at the GITEX 2020 in Dubai, celebrating its 40th anniversary. The event, running until December 10, allows in-person interactions post-health crisis disruptions. CEO Stephane Eyme stated the fair provides an opportunity to highlight intelligent solutions in smart cities, smart constructions, and urban mobility. Business Development Head Francesc Domingo emphasized the need for solutions tailored to regional demands, aiming to enhance decision-making through multi-domain intelligence.

Affluence Corporation has successfully acquired OneMind Technologies from Worldsensing, making OneMind a wholly owned subsidiary. The acquisition, announced on November 24, 2020, positions Affluence to leverage OneMind's IoT solutions for smart city operations across various regions, including the USA, Europe, and the Middle East. The acquisition aims to enhance synergies and sustainable growth within the company, and it is seen as a strategic move to bolster Affluence's market presence and technological capabilities in the IoT space.

Affluence Corporation (OTC PINK:AFFU) has appointed Rohan Chanmugam as CEO of Affluence Global, John McElligott as COO, and Peter Cummings as CFO. This leadership change comes on the heels of the acquisition of OneMind Technologies and two pending acquisitions in edge computing and nano-cloud markets. The new management brings over 90 years of collective experience in telecom and technology. Chanmugam expressed excitement about leveraging growth opportunities in smart city and edge computing solutions, stating their potential impact on various industries.