MTi Reports Strong Q1 Results with EUR 5.6 Million in New Project Awards

Affluence Corporation (OTCID: AFFU), through its subsidiary Mingothings SLU (“MTi”), has reported strong results for the first quarter of 2026, highlighting the award of approximately EUR 5.6 million in new projects. This performance underscores MTi's position as a technology partner in IoT, smart infrastructure, connected industries, and digital transformation. The awarded projects have not yet been recognized as revenue and remain subject to the timing of contract execution and delivery.

MTi's Q1 results reflect 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 aligns with the growing need for connected infrastructure, intelligent asset management, and secure digital transformation solutions across public and private-sector environments. As organizations increasingly seek to modernize operations and improve decision-making through real-time data, MTi continues to position itself as a partner for complex technology deployments.

The business strategy at MTi remains focused on delivering high-value professional services and scalable technology solutions that support clients in managing connected assets, improving operational visibility, and unlocking 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. The project activity in the first quarter of 2026 demonstrates the relevance of its portfolio in markets where digital transformation, automation, and operational intelligence are becoming increasingly important.

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 its clients. “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,” said Francesc Domingo, CEO of MTi. “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 the remainder of 2026, with a growing portfolio across smart infrastructure, industrial IoT, mobility, energy efficiency, and connected industry solutions. For more information about Affluence Corporation, visit https://affucorp.com. For more information about Mingothings, visit 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. 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.