Affluence Corporation (OTCID: AFFU) announced today that its subsidiary, Mingothings SLU (MTi), has secured approximately €5.6 million in new project awards during the first quarter of 2026. The projects, which span IoT, smart infrastructure, and digital transformation, underscore MTi's growing role as a technology partner for organizations seeking to modernize operations through data-driven solutions.
The awarded projects have not yet been recognized as revenue and remain subject to contract execution and delivery timelines. Nevertheless, the strong Q1 performance reflects MTi's ability to convert market opportunities into high-value engagements, particularly in sectors where connected infrastructure and intelligent asset management are becoming critical.
MTi's business strategy focuses on delivering professional services and scalable technology platforms that help clients manage connected assets, improve operational visibility, and unlock the value of real-time data. This approach has driven activity across smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions. The company's portfolio includes IoT platforms, systems integration, real-time monitoring, digital twin technologies, and advanced data analytics.
According to Francesc Domingo, CEO of MTi, the Q1 results reflect the strength of the company's technology portfolio and the trust clients place in its ability to deliver reliable 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,” Domingo said. He added that the company looks forward to updating shareholders as projects are executed and the pipeline develops over the remainder of the year.
The announcement comes as organizations worldwide increasingly prioritize digital transformation and operational intelligence to improve decision-making and efficiency. MTi's projects address these needs by providing secure, adaptable platforms that integrate multiple systems, devices, and data sources. The company's focus on real-time data processing and sensor integration positions it well to support public and private-sector clients in achieving performance, efficiency, and sustainability goals.
Affluence Corporation, the parent company, is a diversified technology firm specializing in smart city, industrial IoT, and data-driven infrastructure solutions. Through subsidiaries like MTi, Affluence delivers AI-enabled IoT platforms and intelligent infrastructure technologies to clients globally. MTi itself is known for its expertise in real-time data analytics and adaptable IoT platforms for smart cities and connected industries.
Looking ahead, MTi aims to build on its strong Q1 results by strengthening its project pipeline throughout 2026. The company's ongoing work in IoT, AI, digital twins, and real-time data analytics is expected to drive further growth in markets where automation and operational intelligence are increasingly vital. For more information about Affluence Corporation, visit affucorp.com. Details about MTi's solutions can be found at mingothings.com.
This press release contains forward-looking statements that involve risks and uncertainties, including the company's ability to convert awarded projects into revenue-generating engagements on expected timelines. Actual results could differ materially from those projected. Affluence Corporation assumes no obligation to update these statements.
