Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU ("MTi"), reported strong first-quarter results for 2026, securing approximately EUR 5.6 million in new project awards. This performance underscores the company's role as a key technology partner in IoT, smart infrastructure, and digital transformation, reflecting sustained market demand for integrated solutions across strategic sectors.
The projects awarded during Q1 have not yet been recognized as revenue and are subject to contract execution and delivery timelines. Nevertheless, the volume of awards signals robust commercial momentum and the successful conversion of market opportunities into high-value engagements, according to company statements.
MTi's activity in the quarter highlights the growing need for connected infrastructure, intelligent asset management, and secure digital transformation solutions in both public and private sectors. As organizations increasingly modernize operations and leverage real-time data for decision-making, MTi positions itself as a partner for complex technology deployments, offering capabilities in IoT platforms, systems integration, real-time monitoring, digital twin technologies, and data-driven operational 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 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 data value. 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, 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. The company's portfolio addresses markets where digital transformation, automation, and operational intelligence are increasingly critical, supporting organizations that require robust, adaptable, and secure technology platforms capable of integrating multiple systems, devices, and data sources.
Affluence Corporation, through its operating 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. Mingothings SLU specializes in integrated IoT solutions and data analytics for smart cities and connected industries, providing innovative solutions for efficiency, sustainability, and operational performance. 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 and Section 21E of the Securities Exchange Act of 1934, including statements regarding MTi's project pipeline, business momentum, and expected execution of awarded projects during 2026. These statements are based on management's current expectations and are subject to significant risks and uncertainties, including the company's ability to convert awarded projects and pipeline into revenue-generating engagements on the anticipated timeline, general economic conditions, competitive and technological factors, and other risks discussed in filings with OTC Markets. Forward-looking statements speak only as of the date they are made, and Affluence Corporation assumes no obligation to update them.
