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Cooperation between Topcon Positioning Systems and Amberg Technologies Ltd.

Cooperation between Topcon Positioning Systems and Amberg Technologies Ltd.

Yahoo22-05-2025
LIVERMORE, Calif., May 22, 2025--(BUSINESS WIRE)--Topcon Positioning Systems and Amberg Technologies Ltd. have initiated a close collaboration to enable interoperability between Topcon's sensor solutions and Amberg Technologies' software and hardware platforms for rail and tunnel applications. This marks the first step towards offering fully integrated solutions to our shared customers.
About Topcon Positioning Systems
Topcon Positioning Systems is an industry-leading designer, manufacturer and distributor of precision measurement and workflow solutions for the global construction, geospatial and agriculture markets. Topcon Positioning Systems is headquartered in Livermore, California, U.S. (topconpositioning.com, LinkedIn, X, Facebook, Instagram). Its European head office is in Zoetermeer, Netherlands. Topcon Corporation (topcon.com), founded in 1932, is traded on the Tokyo Stock Exchange (7732).
About Amberg Technologies
Amberg Technologies is a leading measurement solutions provider to support construction of Road, Rail, Metro and other above and underground infrastructures, as well as the inspection and monitoring of already existing linear assets in operation. It provides advanced surveying, sensing, measurement, monitoring, predictive tools and analytics, contributing to safer, more efficient and sustainable workflows. Amberg Technologies was established in 1981 and is a 100% subsidiary of the Amberg Group with Headquarters in Switzerland. (ambergtechnologies.com, amberggroup.com)
View source version on businesswire.com: https://www.businesswire.com/news/home/20250522363239/en/
Contacts
Press Contacts: Staci FitzgeraldTopcon Positioning Systemscorpcomm@topcon.com +1 925-245-8610Lee HannanAmberg Technologieslhannan@amberg.ch
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Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2025 Results
Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2025 Results

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Ampco-Pittsburgh Corporation (NYSE: AP) Announces Second Quarter 2025 Results

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $113.1 million and $217.4 million for the three and six months ended June 30, 2025, compared to $111.0 million and $221.2 million for the three and six months ended June 30, 2024. Higher sales of forged engineered products and favorable foreign exchange translation offset weaker mill roll sales. Air and Liquid Processing sales were in line with prior year levels. The Corporation reported a loss from operations of $3.1 million for the three months ended June 30, 2025, which included $6.8 million in severance, accelerated depreciation and other costs to exit its U.K. cast roll operations, in anticipation of approval of the exit plan by the UES-UK subsidiary board. Income from operations for the six months ended June 30, 2025 was $0.8 million compared to $5.1 million for the six months ended June 30, 2024, with the U.K. exit costs being the primary change. 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Backlog in the Forged and Cast Engineered Products segment at June 30, 2025 declined 9% from March 31, 2025 as roll customers began a pause of orders to await less uncertainty surrounding tariffs. In response, we reduced roll production. The decision to exit our U.K. cast roll operations was difficult, but the plan is proceeding. Following the exit, we expect earnings to improve by at least $5 million per year. With less uncertainty on trade policy now with the recent E.U. deal, we expect an improved environment in 2026 after our U.K. exit.' Interest expense of $2.8 million and $5.6 million for the three and six months ended June 30, 2025 is comparable to interest expense for the three and six months ended June 30, 2024. Other (expense) income – net for the three and six months ended June 30, 2025 declined when compared to other (expense) income for the three and six months ended June 30, 2024 primarily due to unfavorable foreign exchange movement. The income tax provision for the three and six months ended June 30, 2025 decreased when compared to the income tax provision for the three and six months ended June 30, 2024 driven by the benefit of a reduced statutory income tax rate for one of the Corporation's foreign tax-paying entities. Net loss approximated $7.3 million, or $0.36 per share, and $6.2 million, or $0.31 per share, for the three and six months ended June 30, 2025, respectively, and includes the $6.8 million charge, or $0.34 per share, for costs associated with exiting the U.K. cast roll operations and a benefit of approximately $0.7 million, or $0.04 per share, for employee-retention credits, representing refundable employer payroll taxes from the Internal Revenue Service for certain eligible businesses affected by the COVID-19 pandemic. 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To pre-register, please go to Those without internet access or unable to pre-register may dial in by calling: Participant Dial-in (Toll Free): 1-844-308-3408 Participant International Dial-in: 1-412-317-5408 For those unable to listen to the live broadcast, a replay will become available on our website under the Investors menu at About Ampco-Pittsburgh Corporation Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. 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This press release may include, but is not limited to, statements about operating performance, trends and events we expect or anticipate will occur in the future, statements about sales and production levels, timing of orders for our products, restructurings, the impact from pandemics and geopolitical conflicts, profitability and anticipated expenses, inflation, the global supply chain, tariffs and global trade, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed 'forward-looking statements' within the meaning of the Act and words such as 'may,' 'will,' 'intend,' 'believe,' 'expect,' 'anticipate,' 'estimate, 'project,' 'target,' 'goal,' 'forecast' and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For us, these risks and uncertainties include, but are not limited to: inability to maintain adequate liquidity to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations including severance costs associated with our anticipated exit from our operations in the U.K.; economic downturns, cyclical demand for our products and insufficient demand for our products; excess global capacity in the steel industry; inability to successfully restructure our operations, exit our U.K. operations, and/or invest in operations that will yield the best long-term value to our shareholders; liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries; inability to obtain necessary capital or financing on satisfactory terms to acquire capital expenditures that may be necessary to support our growth strategy; inoperability of certain equipment on which we rely; increases in commodity prices or insufficient hedging against increases in commodity prices, reductions in electricity and natural gas supply or shortages of key production materials for us or our customers; inability to satisfy the continued listing requirements of the New York Stock Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; fluctuations in the value of the U.S. dollar relative to other currencies; changes in the existing regulatory environment; consequences of pandemics and geopolitical conflicts; work stoppage or another industrial action on the part of any of our unions; failure to maintain an effective system of internal control; changes in the global economic environment, inflation, the ongoing impact of tariffs, elevated interest rates, recessions or prolonged periods of slow economic growth, and global instability and actual and threatened geopolitical conflict; and those discussed more fully elsewhere in Item 1A, Risk Factors, in Part I of the Corporation's latest Annual Report on Form 10-K and Part II of the latest Quarterly Report on Form 10-Q. 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(2) Depreciation and amortization expense for the three and six months ended June 30, 2025 includes accelerated depreciation of $654 associated with exiting the U.K. operations. Expand

The Toro Company Names Edric C. Funk President and Chief Operating Officer
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NBA Champion & Web3 Expert Tristan Thompson Appointed as Chief Digital Equity Officer for Telecoms Trailblazer World Mobile - Focused on Their Shared Mission of Bringing Affordable, Community-Owned Internet to Underserved Neighborhoods Across U.S.
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The network not only promises expanded internet access but also introduces a sustainable, token-driven economic model that can be replicated globally. Thompson's role with World Mobile merges influence, personal journey, and impact. Growing up with limited access to opportunity, and now facing connectivity issues in even the most developed areas, he is focused on the mission to connect the unconnected — starting in the neighborhoods that often fall through the cracks. His appointment marks a major step in World Mobile's efforts to educate and empower people to not only access the internet but also benefit from the infrastructure behind it. Together, World Mobile and Tristan Thompson are not only rethinking who gets connected, but who gets to own the network — creating a world where everyone has the power to build and benefit from their own digital future. With Tristan Thompson on board, World Mobile isn't just changing telecoms—it's changing lives. The mission is clear: everyone, everywhere deserves to be connected. About World Mobile World Mobile is revolutionizing global connectivity through its blockchain-based Decentralized Physical Infrastructure Network (DePIN), empowering individuals and communities to build, maintain, and monetize telecom infrastructure through blockchain-driven economic incentives. Learn more at

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