Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU ("MTi"), announced today that it was awarded approximately EUR 5.6 million in new projects during the first quarter of 2026. This strong commercial performance underscores the growing demand for integrated technology solutions in IoT, smart infrastructure, and digital transformation across public and private sectors.
The awarded projects, which have not yet been recognized as revenue, are subject to contract execution and delivery timelines. However, the results reflect MTi's ability to convert market opportunities into high-value engagements, reinforcing its position as a technology partner for complex deployments. The company's portfolio includes IoT platforms, systems integration, real-time monitoring, digital twin technologies, and data-driven operational solutions.
According to the press release, MTi's Q1 activity highlights the increasing need for connected infrastructure, intelligent asset management, and secure digital transformation. Organizations are seeking to modernize operations and improve decision-making through real-time data, and MTi is well-positioned to support these efforts. The company's focus on delivering high-value professional services and scalable technology solutions has driven strong activity in areas such as smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions.
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 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." He added that the company looks forward to updating shareholders as these projects are executed and as the pipeline develops over the remainder of the year.
The announcement is significant for the IoT and smart infrastructure industry as it demonstrates sustained investment in digital transformation initiatives. MTi's continued work in IoT, AI, digital twins, and real-time data analytics aims to drive measurable improvements in performance, efficiency, and sustainability for clients. The company's international positioning and technology offering have been strengthened during the quarter, with ongoing projects across various sectors.
Looking ahead, MTi is focused on building on its strong Q1 results and expanding its project pipeline throughout 2026. The company plans to maintain its growth trajectory in smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions. This news is particularly relevant for stakeholders in the technology and infrastructure sectors, as it indicates a robust market for IoT and data-driven solutions.
Affluence Corporation, through its subsidiaries including Mingothings, 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 or https://www.mingothings.com/.
