Affluence Corporation's OneMind Technologies, SL Signs Multiple Global Master Services Agreements

Rhea-AI Summary

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.

Positive

• Executed global master services agreements with Dell and Orange Business Systems.
• Selected as command & control solution for a major Smart City project in the Middle East.
• 2022 revenue pipeline exceeds $5 million, with expected growth.

Negative

• None.

OAK BROOK, IL / ACCESSWIRE / October 28, 2021 / Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative Smart City Software, IoT and 5G enhancing technologies announced today that its subsidiary OneMind Technologies SL has executed global master services agreements with Dell and Orange Business Systems to become their preferred provider for Smart City software. Additionally, OneMind Technologies has been selected as the command & control solution for one of the world's largest Smart City projects in the Middle East.

"This selection of OneMind's Hypervision product for the command & control module of one of the world's largest smart city projects makes OneMind one of the key technologies in the Smart City market," said James E. Honan Jr. Affluence's Global Chief Executive Officer. This is the first phase of a multi-year, multimillion dollar project with revenue beginning in Q4 2021. We will be making the formal announcement after the planned project kickoff in November. The OneMind Smart City solution has been featured by Dell and Orange Business Systems in their solution centers in Singapore and Dubai. Our 2022 pipeline is in excess of $5 million and we expect it grow substantially once the opportunity in the Middle East is formally announced," continued Honan.

"The global Smart City market is valued at $517.6 billion in 2021 and is projected to grow at a CAGR of 22.5% and will reach $2.5 trillion by 2026," said Stephane Eyme, President of OneMind Technologies. "The acceleration of IoT, 5G and AI are driving Smart City technology adoption. The OneMind Technologies Hypervision product enables a holistic picture of how operations are performing in real-time as well as the ability to solve operational incidents. What sets us apart from other solutions is our connection layer which enables the processing of information from different types of systems and multiple data sources which allows cross data visualization and analytics through a unified presentation layer throughout the organization. This was the differentiating factor that led to OneMind's selection as the command & control software for one of the largest Smart City projects to date," said Mr. Eyme.

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified technology company focused on innovative cloud 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. https://wwwonemindtechnologies.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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https://www.accesswire.com/670089/Affluence-Corporations-OneMind-Technologies-SL-Signs-Multiple-Global-Master-Services-Agreements

FAQ

What is the significance of the agreements signed by Affluence Corporation?

The agreements with Dell and Orange Business Systems establish OneMind Technologies as the preferred provider for Smart City software, indicating strong market positioning.

How large is the Smart City project that OneMind Technologies will be involved in?

OneMind Technologies was selected for one of the world's largest Smart City projects located in the Middle East.

What are the revenue expectations for Affluence Corporation in 2022?

Affluence Corporation's revenue pipeline for 2022 is over $5 million, with expectations for significant growth following the project announcement.

What is the projected growth of the global Smart City market?

The global Smart City market is projected to grow from $517.6 billion in 2021 to $2.5 trillion by 2026, at a CAGR of 22.5%.