Affluence Corporation (OTCID: AFFU) announced that its subsidiary Mingothings SLU (“MTi”) has reported strong results for the first quarter of 2026, with approximately EUR 5.6 million in new project awards. This achievement underscores MTi's role as a key technology partner in IoT, smart infrastructure, connected industries, and digital transformation. The awarded projects are not yet recognized as revenue and depend on contract execution and delivery timing.
The Q1 results highlight MTi's capability to transform market opportunities into high-value projects while expanding its expertise in IoT platforms, systems integration, real-time monitoring, digital twin technologies, and data-driven operational solutions. This performance reflects the increasing need for connected infrastructure, intelligent asset management, and secure digital transformation solutions in both public and private sectors. As organizations modernize operations and enhance decision-making through real-time data, MTi positions itself as a reliable partner for complex technology deployments.
MTi's business strategy focuses on delivering high-value professional services and scalable technology solutions that help clients manage connected assets, improve operational visibility, and unlock the value of data. This approach drove strong Q1 activity in areas such as smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions. The company's project activity in Q1 2026 demonstrates the relevance of its portfolio in markets where digital transformation, automation, and operational intelligence are becoming increasingly important. MTi continues to support organizations requiring robust, adaptable, and secure technology platforms capable of integrating multiple systems, devices, and data sources.
In addition to its Q1 performance, MTi strengthened its international positioning and technology offering during the quarter, with ongoing work in IoT, AI, digital twins, and real-time data analytics. These efforts aim to drive measurable improvements in performance, efficiency, and sustainability for clients. Francesc Domingo, CEO of MTi, commented, “Our Q1 results reflect the strength of our technology portfolio and the trust our clients place in our ability to deliver reliable, scalable solutions. The EUR 5.6 million in project awards is an encouraging indicator of the demand we continue to see for IoT, smart infrastructure, and digital transformation solutions. We look forward to updating shareholders as these projects are executed and as our pipeline develops over the remainder of the year.”
Looking ahead, MTi is focused on building on its strong Q1 results and continuing to strengthen its project pipeline throughout 2026, with a growing portfolio across smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions. For more information about Affluence Corporation, visit https://affucorp.com. For more about Mingothings SLU, visit https://www.mingothings.com/.
