Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (MTi), has announced robust results for the first quarter of 2026, securing approximately €5.6 million in new project awards. This achievement underscores the company's role 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, are subject to contract execution and delivery timelines.
MTi's Q1 performance reflects its 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. The company's activity highlights the increasing demand for connected infrastructure, intelligent asset management, and secure digital transformation solutions across public and private sectors. As organizations modernize operations and leverage real-time data for decision-making, 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 data value. 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 critical.
In addition to 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. The company's performance signals a positive trajectory for Affluence Corporation as it continues to deliver innovative technology solutions globally.
