Affluence Subsidiary Diprotech, Part of MTi Group, Selected by Navantia to Equip Crane Systems with IoT Sensors in New Digitalization Contract

Rhea-AI Summary

Affluence (OTCID:AFFU) announced that portfolio company MTi Group (via subsidiary Diprotech) won a new industrial digitalization contract from Navantia dated October 6, 2025.

The project, already signed and in execution, deploys MTi's IoT sensor technology to capture real-time data on crane systems in Navantia's Engine Workshop to support factory modernization and digital transformation initiatives including IoT and digital twin work.

Diprotech is delivering the project through MTi's integrated engineering and execution teams. Since 2023 MTi Group has been awarded 9 contracts under the Navantia framework, reflecting ongoing collaboration.

BOULDER, CO / ACCESS Newswire / October 6, 2025 / Affluence Corporation, (OTCID:AFFU), a diversified global technology holding company focused on smart infrastructure and edge computing, today announced that its portfolio company MTi (Mingothings) has been awarded a new industrial digitalization contract by Navantia, Spain's leading naval construction and engineering company.

While the contract was formally signed by Diprotech, the project is being delivered by MTi's integrated engineering and execution teams. Diprotech operates as a fully aligned entity within the MTi Group, under the broader Mingothings portfolio.

The project, signed and already in execution, involves deploying MTi's IoT sensor technology to enable real-time data capture on crane systems located in Navantia's Engine Workshop. The solution supports Navantia's broader efforts to modernize its factory infrastructure.

This win highlights the continued trust placed in MTi by Navantia following several years of successful collaboration across digital transformation initiatives.

"At Navantia, we value partners who not only understand our digital transformation goals but actively contribute with vision and innovation. MTi Group has consistently demonstrated a deep commitment to our success, bringing agile, reliable solutions that add real value to our industrial IoT environments. Their support has been instrumental in advancing our digitalization journey," said Gregorio Muñoz, Head of IoT of Navantia.

"Working with Navantia is a source of pride and a strategic achievement for us. Being chosen once again to support their digital transformation roadmap proves the value of our technology and our team's commitment to excellence," said Francesc Domingo, CEO of MTi.

In addition to this contract, MTI Group has been actively engaged in several initiatives under the Navantia framework since 2023. The total number of contracts awarded to date are 9. This continued collaboration highlights MTI Group's strong commitment to supporting Navantia throughout its journey toward comprehensive digital transformation, including IoT, digital twin and other digital transformation services.

About Affluence Corporation

Affluence Corporation (AFFU.OTCID) is a diversified technology company focused on smart city and industry software solutions. Through subsidiaries Mingothings SLU and OneMind Technologies SL, Affluence provides AI-enabled IoT, 5G, and data visualization platforms to enterprise and municipal clients worldwide.

For more information go to https://affucorp.com.

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. https://www.mingothings.com/

About Navantia

Navantia is a leading global shipbuilding and engineering company specializing in the design, construction, and maintenance of naval and maritime vessels. With a rich heritage dating back over 100 years, Navantia has built a strong reputation for delivering high-quality, technologically advanced solutions for both military and civilian applications. Headquartered in Spain, the company is recognized for its expertise in shipbuilding, including naval combatants, amphibious ships, and specialized vessels, and is a key player in the defense industry worldwide. Leveraging cutting-edge technologies, Navantia is committed to innovation, sustainability, and excellence in its mission to enhance global maritime capabilities.

For more information, visit www.navantia.es.

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Forward-Looking Statements

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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, availability and the cost of capital, success of growth initiatives, limited operating history, failure to raise sufficient capital, failure to expand business operations, failure to identify and capitalize on global trends and economic opportunities, and other risks discussed in our filings with the OTC Markets.

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@affucorp.com

SOURCE: Affluence Corporation

View the original press release on ACCESS Newswire

FAQ

What did Affluence (AFFU) announce on October 6, 2025 about Navantia?

Affluence said MTi Group's subsidiary Diprotech won a new contract to equip Navantia crane systems with IoT sensors, and the project is already in execution.

Which Affluence portfolio company is delivering the Navantia digitalization project (AFFU)?

MTi Group is delivering the project through its integrated engineering and execution teams while Diprotech signed the contract.

What systems will MTi's IoT sensors monitor for Navantia under the AFFU announcement?

The sensors will enable real-time data capture on crane systems located in Navantia's Engine Workshop.

Is the Diprotech contract with Navantia already underway according to AFFU?

Yes. The announcement states the contract was signed and is already in execution.

How many contracts has MTi Group won under the Navantia framework as of October 6, 2025?

The announcement reports a total of 9 contracts awarded to MTi Group under the Navantia framework since 2023.

What digital capabilities are referenced in the AFFU Navantia collaboration?

The collaboration includes IoT sensor deployment and broader digital transformation work such as digital twin services.