Affluence Corporation (OTCID: AFFU) announced today that its subsidiary Mingothings SLU (“MTi”) reported strong results for the first quarter of 2026, including approximately EUR 5.6 million in new project awards. This performance underscores MTi's role as a technology partner in IoT, smart infrastructure, connected industries, and digital transformation.
The awarded projects, which have not yet been recognized as revenue, reflect solid commercial performance and continued demand for MTi's integrated technology solutions across strategic sectors. The timing of contract execution and delivery will determine when these projects contribute to revenue. MTi's Q1 results highlight its 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 growth in MTi's activity comes amid increasing global demand for connected infrastructure, intelligent asset management, and secure digital transformation solutions. Organizations across public and private sectors are seeking to modernize operations and improve decision-making through real-time data, positioning MTi as a go-to 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 supported strong Q1 activity in areas such as smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions.
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.” He added, “We look forward to updating shareholders as these projects are executed and as our pipeline develops over the remainder of the year.”
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 for its clients. 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 details on Mingothings, visit https://www.mingothings.com/.
