Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (MTi), announced strong results for the first quarter of 2026, highlighting approximately €5.6 million in new project awards. This achievement underscores MTi's position as a key 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 sustained demand for MTi's integrated solutions across strategic sectors.
The Q1 results demonstrate 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 need 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 continues to position itself as a partner for complex technology deployments.
MTi'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. The company's project activity in the first quarter highlights the relevance of its portfolio in markets where digital transformation, automation, and operational intelligence are becoming increasingly important. MTi supports organizations that require robust, adaptable, and secure technology platforms capable of integrating multiple systems, devices, and data sources.
In addition to Q1 performance, MTi strengthened 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 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 €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. The company's performance is significant as it signals sustained market demand for advanced technology solutions that address critical operational challenges. For more information, visit Affluence Corporation and Mingothings.
