Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (“MTi”), announced strong results for the first quarter of 2026, securing approximately €5.6 million in new project awards. This performance 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 are subject to contract execution and delivery timelines.
The Q1 results highlight MTi's ability to convert market opportunities into high-value projects while expanding its capabilities in IoT platforms, systems integration, real-time monitoring, digital twin technologies, and data-driven operational solutions. The company's activity reflects the growing need for connected infrastructure, intelligent asset management, and secure digital transformation solutions across public and private sectors. As organizations increasingly seek to modernize operations and improve decision-making through real-time data, MTi positions itself as a partner for complex technology deployments.
MTi's business strategy focuses on delivering high-value professional services and scalable technology solutions that support clients in managing connected assets, improving operational visibility, and unlocking 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 project activity demonstrates the relevance of MTi's portfolio in markets where digital transformation, automation, and operational intelligence are becoming increasingly important.
In addition to Q1 performance, MTi continued to strengthen its international positioning and technology offering during the quarter, with ongoing work in IoT, AI, digital twins, and real-time data analytics aimed at driving measurable improvements in performance, efficiency, and sustainability. 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. This announcement is significant as it signals robust demand for IoT and smart infrastructure solutions, which are critical for modernizing operations and achieving sustainability goals. The €5.6 million in awards indicates MTi's competitive position and the potential for future revenue growth, making it a noteworthy development for stakeholders tracking digital transformation trends.
