ConnexionOne Corp. (CNNN)

Overview

ConneXionONE Corp., previously known as Alternative Fuel Technologies, Inc., is a company based in Palo Alto, California, established in 1997. Initially, the company was engaged in developing fuel injection systems and Dimethyl Ether (DME) fuel injection systems for internal combustion engines. However, it has shifted its operational focus and currently does not have significant operations. In October 2018, the company underwent a name change to better reflect its new direction. ConneXionONE Corp. now aims to develop and operate a decentralized social media platform, marking a significant pivot from its original business model. This strategic shift indicates the company's intent to adapt and evolve in response to the changing technological and business landscape.

Products and Services

• Former Products:

  Prior to its strategic shift, ConneXionONE Corp. specialized in the development of fuel injection systems and DME fuel injection systems for internal combustion engines. These products were aimed at enhancing the efficiency and reducing the emissions of engines by leveraging advanced fuel technologies.

• Decentralized Social Media Platform:

  ConneXionONE Corp. intends to pivot towards the technology sector by developing and operating a decentralized social media platform. This initiative represents the company's current primary business focus, aiming to offer a new, innovative solution in the social media landscape. Details on the functionalities, launch timeline, or the specific technologies to be used in this decentralized platform have not been disclosed.