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TOMORROW'S WINNERS TODAY
DELL PARTNERS WITH 3 CENT AFFLUENCE CORP TO
SELL THE MAIN BRAIN TO SMART CITIES GLOBALLY
DELL Partnered with Intel and Now with 3 Cent $AFFU OneMind to Become Major Player in Enormous Smart City Growth
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Precedence Research reports the smart cities market size was valued at US $1 trillion in 2021 and is projected to surpass US $7 trillion by 2030 with a CAGR of 24.1% from 2022 to 2030
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DELL is partnered with $INTC to bring digital solutions to Smart Cities
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DELL is partnered with $AFFU OneMind Technologies and is selling their “Command & Control Hypervisor” to large global markets
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Precedence Research reports Command and Control Center segment is expected to grow at a CAGR of 21.5% during the forecast period
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Affluence shares have traded between 2 cents and 35 cents in the past 12 months - How high will the next 12 months take AFFU shares?
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Affluence OneMind reports contract to provide Command & Control software t world’s largest Smart City – OneMind received $5 million contract in 2022 and larger recurring sums
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Affluence OneMind reports additional purchases by one of the world’s largest Smart Cities.
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Affluence reports record revenues and stage is set for massive growth
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OTC Markets reports AFFU market cap of under $12 million and share price about 3 cents.
The unprecedented proliferation of IoT devices like cameras, tracking devices and sensors has created oceans of overwhelming and difficult to manage data for Smart Cities and almost every city in the world. Today, there is a pressing need for “Command & Control” software that enables easy management of all this data in order to manage cities more efficiently.
Affluence Corporation (AFFU: OTC) is a diversified technology company focused on smart city software and innovative cloud solutions that capitalize on IoT, AI and 5G technologies. Affluence is investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet. For more information go to https://affucorp.com
OneMind Technologies SL is a wholly owned subsidiary of Affluence Corporation. Functioning as systems of systems, OneMind connects data sources to one single point of insight to provide real-time information on operational processes. OneMind “Hypervisor” is the state-of-the-art “Command & Control” software that 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.
In January of this year, OneMInd announced that they received a major contract to be the command and control solution for one of the world's largest smart city projects in the Middle East. The multi-year, multi-phase contract is a result of a joint sales and implementation effort with two of our large technology partners.
"This is a momentous occasion for Affluence and OneMind Technologies, and in addition to the revenue impact this year and in subsequent years, this sale makes us one of the top Smart City Software Solutions in the market," said James E. Honan, Jr., Affluence's Global CEO. Affluence will recognize $5 million in revenue in 2022 and early 2023 from Phase 1 and Phase 2 of the project. Phase 1 began late in Q4 2021 and Phase 2 is scheduled to begin in early Q3 of 2022. The OneMind Smart City Software Solution is one of the key components of this substantial Smart City project in the Middle East, " said Honan.
"This contract in the Middle East is a testament to our vision and the strength of our Hypervision product," said Stephane Eyme, OneMind Technologies CEO. "We are delighted to be working side by side with our world-renowned technology partners. They evaluated several software solutions for this project and chose OneMind because of our ability to take in data in any format and customize the reporting views for all levels of the organization. Our Hypervisor was so well received in this Smart City Project that both partners have included Hypervisor in several ongoing sales campaigns around the world. We are looking forward to announcing more contract awards this year as we plan to continue to add direct and indirect sales channels every quarter," said Eyme.
In July of 2022, Affluence announced that its OneMind Technologies wholly owned subsidiary received a second significant purchase order to provide additional AI modules on the OMT NG platform for one of the world's largest Smart City projects in the Middle East.
"I am extremely pleased that our partners continue to see the significant value that the OneMind software platform brings to this project. We are strategically positioned for more and larger purchase orders as the project expands," said James E Honan, Jr., CEO of Affluence Corporation. " Because of OneMind's unique feature set and our ability to take in any type of data and give real-time information, our partners in this project continue to find new applications for the OneMind solution" said Honan.
"This is a very significant follow-on order, and it is almost as large as Phase 1 of the project," said Stephane Eyme President of OneMind Technologies. "Our customer is adding two additional modules to the OneMind NG Platform to provide Artificial Intelligence (AI) features for rollout through the entire project." said Eyme.
In August 2022, Affluence Corporation announced its third consecutive quarter of record growth. Highlights included:
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Revenue growth of 511% year over year
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Revenue growth of 12% in Q2 2022 from Q1 2022
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The third consecutive quarter of positive net income
"I am pleased to announce our third consecutive quarter of record revenue," said James E Honan, Jr., CEO of Affluence Corporation. "I am extremely proud of our team and delighted to announce record revenue of $617,076 for the second quarter of 2022. Affluence's continued growth has been fueled by multiple industry partnerships and a rapidly growing Smart City Software market with a 25% Compound Average Growth Rate (CAGR) and the Smart City market is expected to be $6 trillion by 2030. Because of this we are very confident that this momentum will continue for the remainder of the year," said Honan.
"The Affluence board of directors is thrilled with management's performance against our internal goals and extremely optimistic with the long-term outlook for the company," said Dale Haase, Affluence Board Member. "Operationally, in Q2 the company continued to execute on the delivery of Phase 1 of a multi-year, multi-million-dollar contract for the largest Smart City project in the world where our Hypervisor product has been selected as the command and control software for the entire project.
In addition, we have received a $1 million dollar contract from the large technology company that is responsible for technology integration for the entire project. The contract is to add Artificial Intelligence (AI) for application specific modules for the project. In Q2 we partnered with Corsight, a leader in facial recognition software. Together, we developed an application to combat car-jackings and deter auto theft. This is the first application of its kind, and we expect to announce our first implementation in Q3. In addition, RAS our telecom engineering services business produced steady results as well. Going forward, the board of directors is confident that the company will continue its growth for the remainder of 2022 and look forward to participating at a major Smart City Expo alongside of one of the world's largest technology companies where we will formally announce a reseller partnership with them and will leverage a sales force of approximately 3,000 reps to market and sell the joint solution," said Haase.
Although the company has not formally announced partnerships with the giants DELL, Orange Business Systems, or Intel, a visit to the OneMind web site displays the partnership with DELL and OBS while the DELL website displays their partnership with Intel for Smart City solutions.
Conclusion
Affluence Corp shares are trading at 3 cents with a market capitalization of under $12 million. Shares have traded between 2 cents and 35 cents in the past 12 months and as high as 61 cents in the past 24 months. With record growth underway and partnerships with DELL, OBS and INTEL, the potential for mega blockbuster sales is looking very real and investors could find a windfall here if the company continues to execute.
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