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 (AFFU) reported record earnings for FY 2021 and Q4, demonstrating strong financial growth and operational success. The company achieved a 363% year-over-year revenue increase, with full-year revenue reaching $935,000 compared to $202,000 in 2020. Q4 revenue surged by 93% from Q3 2021, totaling $435,000, marking its first positive EBITDA quarter. Strategic contracts and partnerships position Affluence for continued growth in the Smart City and IoT sectors in 2022.
Affluence Corporation (OTC PINK: AFFU) announced the launch of its enhanced hypervisor platform, OneMind New Generation (NG), aimed at revolutionizing the Smart City Software market. This multi-tenant platform is designed for deployment in cloud, on-premises, or hybrid environments, featuring a low-code ETL engine and customizable user interfaces. With advanced capabilities like modular architecture and scalable nodes, OneMind NG seeks to drive exponential growth in the SaaS sector. CEO Stephane Eyme emphasized the platform's potential to improve client value and decision-making processes.
Affluence Corporation (OTC PINK: AFFU) announced that its subsidiary, OneMind Technologies, secured a significant contract to provide command and control solutions for a major smart city project in the Middle East. The contract, which spans multiple years and phases, is expected to generate $5 million in revenue in 2022 from its initial phases. This partnership enhances Affluence's position in the smart city software market, leveraging their Hypervision product. The project commenced in Q4 2021 with further developments planned in Q3 2022.
Affluence Corporation (OTC PINK:AFFU), a diversified technology firm, announced a Letter of Intent to acquire SiteWhere, LLC, enhancing its IoT and 5G capabilities.
CEO James E. Honan highlighted the acquisition's strategic value and potential new revenue streams, with SiteWhere's SaaS business model poised to increase market opportunities. SiteWhere's flagship product, Enterprise Orchestrator, will be integrated into Affluence’s product development, aiming for innovative smart solutions that align with evolving IoT trends.
Affluence Corporation (AFFU.PK) has appointed Mark D. Moyer as Chief Financial Officer, effective January 1, 2022. Moyer brings extensive experience from previous roles at publicly listed technology firms and will lead the company's initiative to become a fully reporting entity. This effort aims to enhance financial transparency and pave the way for potential listings on other exchanges, promising greater value for shareholders. CEO James E. Honan, Jr. emphasized Moyer's strategic vision and the importance of this transition for Affluence's growth.
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.
Affluence Corporation (OTC PINK:AFFU) has announced the launch of a new software solution for airport terminals called Airport Hypervision. Developed by its subsidiary, OneMind Technologies, this solution enhances situational awareness through crowd management, thermal screening, and incident management. Airport Hypervision is designed to monitor compliance with health protocols and improve operational efficiency, drawing from OneMind's successful Smart City platform already in use in cities like Barcelona and San Francisco.
Affluence Corporation (AFFU.PK) reported a remarkable doubling of revenue in Q3 2021, reaching $225,000, the highest quarterly revenue in its history. The growth reflects a rising demand for its IoT technologies. The CEO highlighted a significant project with OneMind Technologies for a major Smart City initiative, along with plans for a $40 million funding term sheet and several pending acquisitions expected to close by Q1 2022. The company also signed global agreements with two organizations, enhancing its capital structure by converting debt to equity and eliminating overhang.
Affluence Corporation (OTC PINK:AFFU) announced a significant agreement between its subsidiary, OneMind Technologies, and ISLP Technologies to deliver software solutions for Smart City projects in India. This partnership is expected to enhance OneMind's growth and positively impact revenue in 2022. The collaboration benefits from ISLP’s connections with major Indian telecommunications companies, facilitating the rollout of smart city applications. OneMind’s flexible product suite is positioned to expand into various sectors, including smart airports and hospitals.
