Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (MTi), announced strong results for the first quarter of 2026, reporting approximately EUR 5.6 million in new project awards. This achievement underscores MTi's role as a key technology partner in IoT, smart infrastructure, and digital transformation, reflecting sustained demand for integrated solutions across strategic sectors.
The awarded projects, which have not yet been recognized as revenue and are subject to contract execution and delivery timing, highlight MTi's ability to convert market opportunities into high-value engagements. The company's focus on IoT platforms, systems integration, real-time monitoring, digital twin technologies, and data-driven operational solutions positions it well to capitalize on the growing need for connected infrastructure and intelligent asset management.
According to Francesc Domingo, CEO of MTi, the Q1 results demonstrate the strength of the company's technology portfolio and client trust. He noted that the EUR 5.6 million in project awards is an encouraging indicator of demand for IoT, smart infrastructure, and digital transformation solutions. The company looks forward to updating shareholders as these projects are executed and as the pipeline develops over the year.
MTi's activity reflects the broader trend of organizations seeking to modernize operations and improve decision-making through real-time data. The company'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 supported 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 aimed at driving measurable improvements in performance, efficiency, and sustainability for clients.
Looking ahead, MTi is focused on building on its strong Q1 results and continuing to strengthen its project pipeline throughout the remainder of 2026, with a growing portfolio across smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions.
Affluence Corporation is a diversified technology company focused on smart city, industrial IoT, and data-driven infrastructure solutions. Through its operating subsidiaries, including Mingothings, Affluence delivers AI-enabled IoT platforms, data visualization, and intelligent infrastructure technologies to enterprise, industrial, and municipal clients worldwide. For more information, visit https://affucorp.com.
Mingothings SLU (MTi) is a specialist in integrated IoT solutions and data analytics for smart cities and connected industries. With expertise in real-time data processing, sensor integration, and adaptable IoT platforms, MTi provides innovative solutions designed to support efficiency, sustainability, and operational performance in diverse IoT applications. Learn more at https://www.mingothings.com/.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding MTi's project pipeline, business momentum, and expected execution of awarded projects during 2026. These forward-looking statements are based on management's current expectations and assumptions and are subject to significant risks and uncertainties that could cause actual results to differ materially, including the company's ability to convert awarded projects and its pipeline into completed, revenue-generating engagements on the timeline currently anticipated, or at all; general economic and business conditions; competitive and technological factors; the company's limited operating history; the availability and cost of capital; the company's ability to retain key management and employees; and other risks discussed in the company's filings with OTC Markets. Forward-looking statements speak only as of the date they are made, are inherently uncertain, and should not be relied upon as predictions of actual future results. Affluence Corporation assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
