Thanks John, I recall that PR and like many had put it out of my mind as time went on... But as you say the 60 day time table is about up hopefully next week alog with the release of the 2nd quarter results we will also hear news on the contract signing.
Affluence Corporation's OneMind Technologies Awarded Multi-Million Dollar Contract For Smart City Project in Saudi Arabia's Capital
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June 28, 2023 - 9:00 am
OAK BROOK, IL / ACCESSWIRE / June 28, 2023 / Affluence Corporation (OTC PINK:AFFU) a leader in Smart City Software and Internet of Things (IoT) technology announced today that it has received a multi-year, multi-million dollar contract to provide it's best in class smart city software solution to a high profile smart city project for the city of Riyadh, Saudi Arabia. The contract was secured by one of our premier technology partners and there are several more contracts associated with this project that will be awarded over the next twelve months. There will be a formal signing ceremony amongst all three parties in the next 60 days that will bring to light the magnitude of this contract. OneMind Technologies has already shipped the software for Phase 1 of the project and it will be included in the company's Q2 financials.
"This Smart City Project in Riyadh is one of the largest, highest priority and high profile projects in the Middle East and in the world," said Stephane Eyme, Global CEO of OneMind Technologies. "This was an incredibly hard fought win for the OneMind Technologies team and in the final analysis we won the contract because of the ease of use, technological connectivity and a coordinated joint sales effort with one of premier partners. This is the second time that we went head-to-head against a Fortune 200 company and won a multi-million dollar opportunity where the customer viewed our technology and approach as superior. This is significant because there are at least 4 more smart city projects associated with this Riyadh contract and because of our win here OneMind will be viewed as the incumbent for those as well. While the contract has been executed and the Phase 1 software has been shipped, we are under a strict non-disclosure until the formal signature ceremony amongst all three parties at which time the market will realize the significance of this win," said Eyme.
