Latest news with #MTi
Associated Press
5 days ago
- Business
- Associated Press
€6.4 Million in Signed Contracts Across Multiple Countries in 2025 First Half from High Growth Global Technology Smart City Developer: Affluence Corporation (Symbol: AFFU)
$AFFU Expanding into United States Projects in Conjunction with Financial Optimization Initiative Affluence Corporation ( is a diversified global technology company focused on smart city and industry software and innovative solutions that capitalize on IoT, AI, 5G and edge technologies. AFFU is investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet. Strategic Growth, U.S. Expansion and Financial Reset On July 22nd AFFU issued a letter to its shareholders from the newly appointed President, Oscar Brito which included the following: In the first half of 2025, AFFU operating subsidiaries, secured over €6.4 million in signed contracts across Europe, Asia, and Central Africa. This commercial traction proves that AFFU technology is not only viable-it is in demand globally. Starting this quarter, AFFU is launching a renewed focus on the U.S. market. Multiple domestic projects are already underway, with expectations that the U.S. pipeline to grow significantly in the second half of the year. AFFU near-term goals include: Expanding U.S. operations and onboarding new municipal and enterprise clients. Launching acquisitions that extend our presence into adjacent high-margin verticals. Re-engaging the investment community with clarity, transparency, and results. Over €6.4 Million in Signed Contracts for H1 2025, Confirming Positive Momentum and Strategic Focus on U.S. Expansion On July 7th AFFU shared a mid-year update confirming strong commercial progress across its portfolio companies, MTi (Mingothings) and OneMind Technologies. As of the end of June 2025, the AFFU group has secured over €6.4 million in signed contracts, with €2.95 million already billed. This figure consolidates deals closed by AFFU subsidiaries in the first half of the year. It reflects strong market traction across Smart Cities, Industrial IoT, and Security Infrastructure verticals. Looking ahead to H2 2025, the AFFU group will maintain its commercial momentum while placing a strategic focus on business development in the United States. Multiple U.S.-based projects are already being developed, and expansion efforts are expected to accelerate in the second half of the year. AFFU remains fully committed to its roadmap and management expects to continue delivering measurable results and updates as it expands across global markets. About Mingothings SLU Mingothings SLU ('MTi') is a trusted 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 maximize efficiency, sustainability, and operational performance in diverse IoT applications. For more information visit: About OneMind Technologies SLU OneMind Technologies, based in Barcelona, Spain, is a recognized provider of IoT, Smart City, and Security Command and Control solutions. With its innovative OneMind platform, OMT enables cities and industries to optimize operations, enhance public safety, and support sustainable development. For more information visit: AFFU Subsidiary MTi Secures Over €3 Million in New Contracts Across Europe, Asia, and Central Africa On June 27th AFFU announced that its subsidiary Mingothings International (MTi) has successfully secured multiple new contracts in June 2025, further strengthening its growth trajectory. MTi has finalized commercial agreements exceeding a total value of €3 million, spanning projects across Europe, Asia, and Central Africa for AFFU. These contracts reflect MTi's ongoing capacity to deliver advanced technology solutions in key verticals such as Smart Cities, Security, and Digital Transformation. Among these recent AFFU wins are projects involving key customers and partners, including major European defense integrators, leading global sports organizations, and Asian government security agencies. The new contracts are fully aligned with AFFU strategic priorities for 2025, demonstrating its portfolio companies' capability to expand geographically while addressing critical infrastructure challenges in both public and private sectors. Affluence Corporation Appoints Oscar Brito as President On June 12th AFFU announced the appointment of Oscar Brito as President of the Company with immediate effect. His appointment is a crucial step in the planned acquisition strategy to scale and profitably grow the group in the Smart City and Connected Industries IoT space. Mr Brito brings a wealth of experience in private equity, capital formation, mergers and acquisitions, and real estate development across the United States, Europe and Latin America to AFFU. He has played a key role in raising over $600 million in funding for projects and companies across real estate, telecommunications, and information technology sectors. As a principal and co-investor, he has additionally raised approximately $400 million in capital across a variety of industries, including value-added telecom and telecom infrastructure investments. His expertise lies in identifying high-growth, opportunistic investments and structuring complex financial transactions to support their execution and growth. Most recently, Mr Brito was the co-founder, Member of the Board and an active investor in iQSTEL Inc, (Nasdaq: IQST) a US based telecommunications company generating over $300 million in annual revenue. iQSTEL has become a recognized player in the international telecom market, with a focus on next-generation services and infrastructure. For more information on $AFFU visit: Websites: Yahoo: Twitter: LinkedIn: Facebook: DISCLAIMER: Disclosure listed on the CorporateAds website Media Contact Company Name: Affluence Corporation ( Contact Person: Oscar Brito, President Email: Send Email Phone: +1 720-295-6409 Address:875 North Michigan Avenue Suite 3100 City: Chicago State: IL 60611 Country: United States Website: Source: CAP, LLC
Yahoo
29-07-2025
- Business
- Yahoo
Smart City Success in Malaysia: A Reproducible Model Powered by thethings.iO - MTi's IoT Platform
OAK BROOK, IL / / July 29, 2025 / Affluence Corporation, (OTCID:AFFU), is proud to highlight the successful completion of the Medini Smart City Management Platform (MSCMP) in Iskandar, Malaysia - a landmark project delivered by our partner BCN Smart Technologies (BCN) with Mingothings International (MTi), one of Affluence's leading technology subsidiaries, serving as the official technology provider. Designed as the central dashboard for Iskandar Investment Berhad (IIB), the MSCMP integrates advanced IoT solutions to support environmental monitoring and long-term ESG goals for Medini, with the ambition of becoming Malaysia's first net carbon zero city. MTi's IoT platform, developed and customized specifically for this project by BCN, played a central role in enabling the flexible, data-driven infrastructure now operating at the heart of the city. "This platform reflects our shared ambition to transform Medini into a future-ready, sustainable city. With MTi's technology powering the system, we have created a robust foundation that other cities in the region can learn from and replicate", said Mohamad Amir Shariff, Lead Project Manager at BCN Smarttech. The first phase of the platform, now fully operational, integrates real-time data from air quality sensors and will soon expand to other verticals of city management. The system is already showcased in IIB's new Smart City Experience Centre in Medini, positioning it as a reference project for future developments. For Affluence, this milestone reflects a broader commitment to promoting scalable, sustainable, and interoperable solutions globally - with the MSCMP standing as a blueprint for future smart city initiatives in Southeast Asia and beyond. For further information, please contact: press@ About Affluence Corporation Affluence Corporation (OTCID: AFFU) is a diversified technology company focused on smart city and industry software and innovative solutions that capitalize on IoT, AI, 5G and edge technologies. We are investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet. For more information go to About Mingothings SLU Mingothings SLU ("MTi") is a trusted 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 maximize efficiency, sustainability, and operational performance in diverse IoT applications. Forward Looking Statement This press release contains certain 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. Statements that are not historical in nature, including the words "anticipate," "expect," "suggests," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, the failure to retain management and/or key employees of the target company, availability and the cost of capital, success of growth initiatives, limited operating history and other risks discussed in our filings with the OTCMarkets and the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and 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. Media and investor contact - press@ SOURCE: Affluence Corporation View the original press release on ACCESS Newswire
