Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (MTi), has reported robust results for the first quarter of 2026, securing approximately EUR 5.6 million in new project awards. This achievement underscores MTi's role as a key technology partner in IoT, smart infrastructure, and digital transformation, reflecting sustained demand for integrated technology solutions across strategic sectors. The awarded projects, while not yet recognized as revenue, are subject to contract execution and delivery timelines, signaling a strong pipeline for future quarters.
The Q1 performance highlights MTi's ability to translate 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. This activity mirrors the growing need for connected infrastructure, intelligent asset management, and secure digital transformation across public and private sectors, as organizations increasingly prioritize modernization and real-time data-driven decision-making.
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 its relevance in markets where digital transformation, automation, and operational intelligence are becoming critical.
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. 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 that the company looks forward to updating shareholders as projects are executed and the pipeline develops over the remainder of the year.
The significance of these results extends beyond MTi's immediate financial performance. They signal a broader trend: as organizations worldwide accelerate their digital transformation initiatives, the demand for sophisticated IoT and smart infrastructure solutions is rising. MTi's success in securing these projects positions it well to capitalize on this momentum, with a growing portfolio across smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions. The company's focus on delivering robust, adaptable, and secure technology platforms that integrate multiple systems, devices, and data sources aligns with the needs of modern enterprises and municipalities.
Affluence Corporation, through its operating subsidiaries, continues to deliver AI-enabled IoT platforms, data visualization, and intelligent infrastructure technologies to enterprise, industrial, and municipal clients globally. For more information, visit Affluence Corporation or Mingothings.
