Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (“MTi”), announced strong first-quarter results for 2026, highlighted by approximately EUR 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 have not yet been recognized as revenue and remain subject to the timing of contract execution and delivery.
The Q1 results reflect 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. This activity aligns with the growing demand for connected infrastructure, intelligent asset management, and secure digital transformation 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.
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 project activity demonstrates the relevance of MTi's portfolio in markets where digital transformation, automation, and operational intelligence are becoming increasingly important. MTi 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. 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 news is significant as it signals sustained demand for IoT and smart infrastructure technologies, which are critical for modernizing operations and achieving sustainability goals. The EUR 5.6 million in awards indicates MTi's competitive position and potential for future revenue growth, which is important for investors and the broader technology sector. For more information, visit Affluence Corporation and Mingothings.
