Affluence Corporation's OneMind Technologies Awarded Major Contract for Its Software Solution Contract
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.
- Secured a major contract with the Department of Tourism in Quang Ninh Province, indicating robust demand for IoT solutions.
- Expected revenue recognition from the contract in Q4 2021 and Q1 2022.
- None.
OAK BROOK, IL / ACCESSWIRE / December 9, 2021 / Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative IoT and 5G enhancing technologies announced today that its wholly owned subsidiary OneMind Technologies has executed a contract for products and services from the Department of Tourism of Quang Ninh Province, Vietnam. The System for the Tourism Operations Center leverages OneMind's intelligent IoT solution to enable the integration of expert systems and sensor data to generate real-time geo-located insights to assist in the decision-making process of tourism management.
"This is the second large deal that we have procured this quarter and is reflective of the enormous global demand for Smart City Software and IoT technologies,"
said James E. Honan, Jr., Affluence's CEO. "The OneMind Tourism Solution enables all of the sub-systems such as machine ticketing services, hotel occupancy, local attractions and points of interest, regional tourism agencies, emergency and security response services to connect so the directors of operations know what is happening in real-time and enables decisions based on actionable insights, " said Honan.
"The genius behind the OneMind Smart City Software is that our core platform can take in data from disparate systems and in any format to provide a smart solution, it is not just limited to cities, and as we have proved, the OneMind solution can be expanded to enable smart airports, smart construction and smart hospitals." said Stephane Eyme, CEO of OneMind Technologies. "The OneMind Platform for Smart Tourism serves as the centralized operations center where the Tourism Department can now perform visualization and management of different assets and subsystems across Quang Ninh Province, gather and analyze data to make smarter and strategic decisions regarding the use and implementation of tourism technology and assets, and to create reporting tools that provide insights at all levels of the organization. Our team has already begun with the implementation of the system and we will recognize revenue this quarter and in Q1 2022," said Eyme.
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 which 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, San Francisco, Guadalajara, Oslo and many other cities throughout the world. For more information go to https://www.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
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FAQ
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