Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (MTi), reported strong first-quarter results for 2026, securing approximately €5.6 million in new projects. This achievement underscores MTi's role as a key technology partner in IoT, smart infrastructure, connected industries, and digital transformation. The awarded projects, which are not yet recognized as revenue, reflect solid commercial performance and sustained demand for MTi's integrated solutions across strategic sectors.
The Q1 results highlight 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 solutions in both public and private sectors. As organizations seek to modernize operations and enhance 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 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 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 its Q1 performance, 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 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. This news is significant because it signals sustained momentum in the IoT and smart infrastructure markets, where MTi's specialized solutions are increasingly in demand. The company's ability to secure substantial project awards indicates confidence in its technology and execution capabilities, which could translate into future revenue growth and market expansion.
