Welcome to our dedicated page for Affluence news (Ticker: AFFU), a resource for investors and traders seeking the latest updates and insights on Affluence stock.
Affluence Corporation (AFFU) drives innovation in smart city infrastructure and industrial IoT solutions through advanced software platforms integrating AI, edge computing, and real-time analytics. This news hub provides stakeholders with essential updates on technological developments and strategic initiatives shaping urban connectivity and industrial automation.
Access timely updates on AFFU's software enhancements, strategic partnerships, and market expansions. Our curated collection includes press releases covering product launches, acquisition announcements, and operational milestones across smart city deployments and IoT integration projects.
Key focus areas include updates on OneMind Technologies platform developments, connectivity solution partnerships, and progress in digital twin implementations. Users will find verified information on technology deployments in municipal systems and industrial applications, maintained for accuracy and relevance.
Bookmark this page for streamlined access to Affluence Corporation's official communications. Check regularly for updates on IoT integration breakthroughs, smart city project milestones, and strategic moves in the evolving landscape of connected urban ecosystems.
Affluence Corporation (OTC PINK:AFFU) announced a significant step towards growth by selecting Accell Audit and Compliance, PA as its audit and compliance partner. CEO James E. Honan, Jr. stated that this move aims to enhance transparency for shareholders as Affluence becomes a fully reporting company. The audit firm is experienced in working with emerging growth companies, which aligns with Affluence's goal of providing a comprehensive view of its operations. The company specializes in smart city software and IoT technology, seeking to leverage these advancements for future growth.
Affluence Corporation (OTC PINK:AFFU) announced that its subsidiary, OneMind Technology, will showcase its Hypervisor product at the Intersec Saudi Arabia Conference from September 13 to 15. Invited by Dell Technologies (NYSE: DELL), OneMind aims to demonstrate how its IoT solutions enhance safety and security in digital cities. The conference will host key government and industry leaders, focusing on emergency services and smart city innovations. Affluence is committed to advancing smart city technology through IoT and AI solutions.
Affluence Corporation (OTC PINK:AFFU) has reported record revenue for the third consecutive quarter in its Q2 2022 earnings, posting a remarkable 511% increase year-over-year and a 12% growth from Q1 2022, totaling $617,076. The company has achieved positive net income in each of the last three quarters. Management credits growth to successful partnerships and a robust Smart City Software market, projected to reach $6 trillion by 2030. Additionally, Affluence is advancing a significant Smart City project and has secured a $1 million contract for AI module development.
Affluence Corporation (OTC PINK: AFFU) has announced a strategic partnership between its subsidiary OneMind Technologies and Corsight AI, a leader in facial recognition technology. This collaboration aims to enhance security in smart cities worldwide by integrating Corsight's advanced AI-powered solutions with OneMind's hypervisors. Recognized by NIST for reducing bias and improving data privacy, Corsight's technology is expected to significantly lower crime rates. The global smart city market is projected to grow substantially by 2030, positioning this partnership as a move towards safer connected environments.
Affluence Corporation (OTC PINK: AFFU) announced the development of Hypervisor SVI, a real-time detection system for police departments aimed at tackling carjackings and vehicle thefts. This innovative product integrates various technologies such as License Plate Recognition, Facial Recognition, and Computer Aided Dispatch to notify police of stolen vehicles instantly. Following successful evaluations, the initial purchase order is anticipated within the next 60 days. The CEO emphasized its potential to enhance policing effectiveness and deter crime, showcasing a significant advancement in law enforcement technology.
Affluence Corporation (OTC PINK:AFFU) announced a significant follow-on purchase order for AI modules on the OMT NG platform, related to a major Smart City project in the Middle East. This order is nearly as large as the initial phase, enhancing the deployment of the OneMind software platform. CEO James E Honan, Jr. expressed confidence in the project's expansion potential. OneMind Technologies is noted for its unique feature set, supporting real-time data processing. This further development positions Affluence favorably for future orders and applications.
Affluence Corporation (OTC PINK:AFFU) reported positive developments in its Q2 2022 update, highlighting increased sales efforts in new markets via strategic partnerships. CEO James E. Honan, Jr. noted the expansion of their sales funnel with opportunities in the US, Europe, and the Middle East. The company is progressing on the largest smart city project in the Middle East, with Phase 2 set to begin soon. Operationally, their subsidiary, OneMind Technology, continues to be a growth driver, while RAS Engineering maintains steady results. Q3 goals include hiring more sales personnel and delivering on ongoing projects.
Affluence Corporation (AFFU.PK) has announced the hiring of two key executives, Ruben Fernandez as VP of European Sales and Luis Eguiluz as VP of Customer Success, to support its growth in the Smart City Software market through its subsidiary, OneMind Technologies. CEO James E. Honan, Jr. emphasized that these hires are critical for executing global expansion plans, as OneMind is currently experiencing rapid growth and increased partnership opportunities. The company is leveraging IoT, AI, and 5G technologies to create next-generation software solutions.
Affluence Corporation (AFFU.PK) reported substantial financial growth in its Q1 2022 earnings, marking the second consecutive quarter of record performance. Revenue surged by 363% year-over-year and 27% from Q4 2021, reaching $550,600. The company achieved its highest net income, with earnings of $170,604, reflecting an increase of 490% over the previous quarter. This momentum is driven primarily by the success of its subsidiary, OneMind Technologies, in the smart city software sector, indicating strong future potential.
Affluence Corporation (AFFU.PK) announced significant progress in its first-quarter projects through its subsidiary OneMind Technologies. The company completed the Department of Tourism Project in Quang Ninh Province, Vietnam, enhancing its position for further contracts in the country. Additionally, OneMind is advancing in Phase 1 of a major Smart City Project in the Middle East, with expectations to move to Phase 2 later this year. The OneMind platform has expanded its data collection area to 2,356 square miles, showcasing its advanced capabilities in tourism management.
