Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (“MTi”), announced robust results for the first quarter of 2026, securing approximately €5.6 million in new project awards. This achievement underscores MTi's growing role as a technology partner in IoT, smart infrastructure, connected industries, and digital transformation. The awards, which have not yet been recognized as revenue, reflect solid commercial performance and sustained demand for integrated technology solutions across strategic sectors.
MTi's Q1 performance highlights its ability to convert market opportunities into high-value projects while expanding capabilities in IoT platforms, systems integration, real-time monitoring, digital twin technologies, and data-driven operational solutions. The company's activity aligns with the increasing 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 improve decision-making through real-time data, MTi positions itself as a partner for complex technology deployments.
The business strategy of MTi 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 becoming increasingly important.
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. These efforts aim to drive 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 strengthening 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 reflects broader industry trends toward digitalization and intelligent infrastructure, positioning MTi for continued growth.
For more information, visit Affluence Corporation and Mingothings.
