Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (MTi), has reported strong results for the first quarter of 2026, securing 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, are subject to contract execution and delivery timing. MTi's Q1 results reflect 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.
MTi's activity highlights the growing demand for connected infrastructure, intelligent asset management, and secure digital transformation solutions across public and private sectors. As organizations increasingly modernize operations and improve decision-making through real-time data, MTi positions itself as a partner for complex technology deployments.
The company'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 data value. This approach drove strong Q1 activity in areas such as smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions.
MTi's Q1 project activity demonstrates the relevance of its portfolio in markets where digital transformation, automation, and operational intelligence are becoming increasingly important. The company continues to support organizations requiring robust, adaptable, and secure technology platforms capable of integrating multiple systems, devices, and data sources.
During the quarter, MTi also strengthened its international positioning and technology offering, with ongoing work in IoT, AI, digital twins, and real-time data analytics aimed at driving measurable improvements in performance, efficiency, and sustainability for clients.
“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 strengthening its project pipeline throughout 2026, with a growing portfolio across smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions.
Affluence Corporation is a diversified technology company focused on smart city, industrial IoT, and data-driven infrastructure solutions. Through its operating subsidiaries, including Mingothings, Affluence delivers AI-enabled IoT platforms, data visualization, and intelligent infrastructure technologies to enterprise, industrial, and municipal clients worldwide. For more information, visit https://affucorp.com.
Mingothings SLU (MTi) is a specialist in integrated IoT solutions and data analytics for smart cities and connected industries. With expertise in real-time data processing, sensor integration, and adaptable IoT platforms, MTi provides innovative solutions designed to support efficiency, sustainability, and operational performance. Learn more at https://www.mingothings.com/.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding MTi's project pipeline, business momentum, and expected execution of awarded projects during 2026. Words such as “anticipate”, “expect”, “suggest”, “plan”, “believe”, “intend”, “estimates”, “targets”, “projects”, “should”, “could”, “would”, “may”, “will”, and “forecast” are intended to identify forward-looking statements. These statements are based on management's current expectations and are subject to significant risks and uncertainties that could cause actual results to differ materially, including the company's ability to convert awarded projects into revenue-generating engagements on the timeline anticipated, economic conditions, competitive factors, and other risks discussed in filings with OTC Markets. Forward-looking statements speak only as of the date they are made and should not be relied upon as predictions of future results. Affluence Corporation assumes no obligation to update these statements.
