Affluence Corporation's OneMind Subsidiary Finalizes Partnership Agreements and Provides Outlook for 2021

Rhea-AI Summary

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.

Positive

• Strategic partnership with a Fortune 50 technology company and a top European systems integrator.
• Initial revenue expected to exceed $ million in 2021, with significant growth potential.
• OneMind platform recognized as best-in-class for smart city software solutions.
• Growing sales pipeline indicates increasing demand for smart city technologies.

Negative

• None.

OAK BROOK, IL / ACCESSWIRE / April 15, 2021 / Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative IoT and 5G enhancing technologies announced today that its OneMind subsidiary has entered into strategic partnership agreements with a US based Fortune 50 technology company and the top European integrator of TMT services. This partnership is closing on a high-profile smart city project. A further press release will be made within the next 30 days.

"The fact that a Fortune 50 tech company and one of the largest systems integrators in Europe have partnered with OneMind on this smart city project is a testament to how impressive the OneMind Smart City software platform is," said James E. Honan, Jr., Affluence's CEO. "The initial order for this project will be $ Million plus in revenue for calendar year 2021 with tremendous upside in subsequent years. Both of our partners evaluated multiple smart city software vendors and the OneMind platform has once again proven to be a best-in-class solution," said Honan.

"This is a significant opportunity for the companies involved in the partnership," said Rohan Chanmugam CEO of Affluence Global. "OneMind has several other high-profile sales opportunities in its pipeline and further announcements will follow. Additionally, the market for Smart City Software is heating up globally. Our pipeline has never been bigger with multiple opportunities that will close in 2021 and what was once a long sales cycle has dramatically shrunk because of the growing need for the situational awareness and real-time insights that the OneMind platform brings," said Chanmugam.

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified technology company focused on innovative software solutions that capitalize on IoT, AI and 5G technologies. We are investing in mid-market businesses to create a cohesive unit that brings together technology for the next generation of internet. https://affucorp.com/.

About OneMind Technologies SL

OneMind Technologies SL is a wholly owned subsidiary of Affluence Corporation. The OneMind Intelligent IoT solution builder is used to create applications for smart construction and smart city operations. Functioning as systems of systems, OneMind connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute and integrate smart city enterprise solutions. The OneMind Smart City solution is deployed in Barcelona, Bogota and Singapore, and many other cities throughout the world. For more information go to https://onemindtechnologies.com/.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, availability and the cost of capital, success of growth initiatives, limited operating history and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Affluence Corporation.

For further information contact Affluence Corporation Investor Relations at 720-295-6409.

SOURCE: Affluence Corporation

View source version on accesswire.com:
https://www.accesswire.com/640560/Affluence-Corporations-OneMind-Subsidiary-Finalizes-Partnership-Agreements-and-Provides-Outlook-for-2021

FAQ

What recent partnership did Affluence Corporation (AFFU) announce?

Affluence Corporation announced a strategic partnership involving its OneMind subsidiary, collaborating with a Fortune 50 technology company and a top European TMT services integrator for a smart city project.

What is the expected revenue from the new project by Affluence Corporation in 2021?

The initial order for the smart city project is expected to generate over $ million in revenue for calendar year 2021.

What does OneMind's smart city platform offer?

The OneMind smart city platform provides real-time data insights and operational awareness, recognized as a best-in-class solution by major companies.

How is the market for smart city software changing for Affluence Corporation?

The smart city software market is growing, with a larger sales pipeline for OneMind and a reduced sales cycle due to increased demand.