Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU ("MTi"), reported strong results for the first quarter of 2026, announcing approximately EUR 5.6 million in new project awards. The company said the projects reflect continued demand for its integrated technology solutions across 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. However, the Q1 performance highlights MTi's ability to convert market opportunities into high-value projects, according to the company. MTi's portfolio includes IoT platforms, systems integration, real-time monitoring, digital twin technologies, and data-driven operational solutions.
The results come as organizations increasingly seek to modernize operations and improve decision-making through real-time data. 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 the value of data. The company said this approach drove strong Q1 activity across areas such as smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions.
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. These efforts aim to drive measurable improvements in performance, efficiency, and sustainability for its 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 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 announcement underscores the growing importance of connected infrastructure and intelligent asset management in both public and private sectors. As digital transformation and automation become increasingly critical, MTi's ability to secure significant project awards positions it as a key player in the IoT and smart infrastructure market.
Affluence Corporation, through its subsidiaries including MTi, delivers AI-enabled IoT platforms, data visualization, and intelligent infrastructure technologies to enterprise, industrial, and municipal clients worldwide. The company's focus on smart city and industrial IoT solutions aligns with global trends toward data-driven decision-making and operational efficiency.
For more information, visit Affluence Corporation's website at https://affucorp.com and Mingothings SLU at https://www.mingothings.com/.
