Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (“MTi”), reported strong results for the first quarter of 2026, announcing approximately EUR 5.6 million in new project awards. This achievement highlights MTi's continued success in securing high-value contracts across IoT, smart infrastructure, connected industries, and digital transformation sectors. The awarded projects, however, have not yet been recognized as revenue and are subject to contract execution and delivery timelines.
The Q1 performance underscores MTi's ability to convert market opportunities into substantial projects while expanding its capabilities in IoT platforms, systems integration, real-time monitoring, digital twin technologies, and data-driven operational solutions. This activity reflects the growing global need for connected infrastructure, intelligent asset management, and secure digital transformation solutions across both public and private sectors. As organizations increasingly modernize operations and improve 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 portfolio demonstrates the relevance of its offerings in markets where digital transformation, automation, and operational intelligence are becoming increasingly critical.
In addition to its 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. These efforts aim to drive measurable improvements in performance, efficiency, and sustainability for clients. The company’s focus on robust, adaptable, and secure technology platforms capable of integrating multiple systems, devices, and data sources has been central to its success.
“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,” said Francesc Domingo, CEO of MTi. “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 momentum is expected to drive further growth and reinforce MTi's position as a leading technology partner in the IoT and smart infrastructure space. For more information, visit Affluence Corporation and Mingothings.
