Latest news with #TTI
The Citizen
4 days ago
- Science
- The Citizen
Faculty of Applied and Computer Sciences celebrates student research excellence
The Faculty of Applied and Computer Sciences at the Vaal University of Technology (VUT) proudly hosted the Student Research Awards ceremony at the African Languages Auditorium within the Centre for Academic Development on July 23. The event celebrated the exceptional research achievements of students, showcasing innovative projects and nurturing a spirit of academic excellence and collaboration within the faculty. Senior Lecturer in Biotechnology Dr Tara Walmsley delivered a warm and purposeful welcoming address. She encouraged students to embrace their postgraduate journey with enthusiasm, reminding them that as they develop into researchers and ultimately transition into the industry, they have the potential to convert their passion into practical solutions for real-world challenges. Ranoshweu Solomon, Head of the Department of Applied Physical Sciences, emphasised the vital role of research as the cornerstone of innovation. He explained that research entails gathering information, expanding current knowledge, and introducing new perspectives within a given field. Differentiating between master's and doctoral research, he noted that while the former builds upon existing understanding, the latter is about generating original insights and pioneering breakthroughs. 'You must always research at your own pace to fully enjoy your journey,' he advised. Professor Tranos Zuva, a research professor in the Faculty of Applied and Computer Sciences, remarked, 'You cannot simply carry your master's or postgraduate certificates and expect recognition. It is through the dissemination of your research that you gain visibility, particularly in today's digitally connected world. You may hold qualifications, but you will remain unknown unless you publish. If people wish to learn about you, they must be able to find you online.' Maemo Kobe, acting Executive Director for Technology Transfer and Innovation (TTI), added that whether you have published a paper or are still developing your ideas or results, you can approach the TTI office based at the VUT Southern Gauteng Science & Technology Park in Sebokeng with intellectual property (IP) disclosure. By disclosing your IP, you establish ownership, allowing TTI to search to verify the originality of your idea. If it proves to be unique, you may then choose how and where to market it, with TTI providing protection and support throughout the process. Further inspiration was offered by Thabang Mkhuma, Technical Advisor for the Fourth Industrial Revolution (4IR) division at the Media Information Communications and Technologies Sector Education and Training Authority (MICTSETA). He shared the work MICTSETA has undertaken to support research and development, highlighting the establishment of a dedicated 4IR division tasked with leading skills development and innovation in this emerging domain. In addition to providing learnerships and internships, the division has two further mandates: to spearhead research on 4IR and to cultivate innovation within the sector. Dr Mohau Phiri from the Department of Natural Sciences encouraged students to conduct their research at their own pace, cautioning them against comparing their progress with that of others who may have completed earlier.
Korea Herald
05-08-2025
- Business
- Korea Herald
TECHTRONIC INDUSTRIES DELIVERS STRONG FIRST HALF PERFORMANCE
HONG KONG, Aug. 5, 2025 /PRNewswire/ -- Global cordless power tool, outdoor power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: HK: 0669, ADR symbol: TTNDY) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six-month period ended June 30, 2025. TTI grew sales in the first half of 2025 to US$7.8 billion, up 7.1% in reported currency and 7.5% in local currency. Its two leading brands, MILWAUKEE and RYOBI, both delivered exceptional performance during this period. Gross margin improved 34 basis points to 40.3% in the first half of 2025. This increase reflects operational efficiencies made in its consumer brands where TTI focused on profitability, the positive mix impact from the growth of its high margin MILWAUKEE business and productivity improvements captured throughout its manufacturing and sourcing network. EBIT for the first half of 2025 was US$709 million, representing a 13.3% increase compared to the same period in 2024. EBIT margin also increased 49 basis points from the first half of 2024 to 9.1% as a percentage of sales. Net Profit increased 14.2% to US$628 million and earnings per share also improved 14.1% to US34.37 cents. Working capital improved 190 bps versus June 2024 to 16.8% as a percent of sales. The Group generated US$468 million in positive Free Cash Flow in the first half of 2025, ending the period in a net cash position. The TTI Power Equipment segment grew sales 8.3% in local currency to US$7.4 billion. MILWAUKEE achieved double-digit sales growth in the first half of 2025, finishing up 11.9% in local currency. RYOBI delivered a tremendous first half performance, growing 8.7% in local currency. The Floorcare and Cleaning business increased operating profit 3.6% to US$9.7 million as compared to the first half of 2024, while revenue decreased 4.8% in local currency to US$408 million. The Directors have resolved to declare an interim dividend of HK125.00 cents (approximately US16.09 cents) (2024: HK108.00 cents (approximately US13.90 cents)) per share for the six-month period ended June 30, 2025. The interim dividend will be paid to shareholders listed on the register of members of the Company on September 5, 2025. It is expected that the interim dividend will be paid on or about September 19, 2025. Mr. Horst Pudwill, Chairman of TTI, said, "From topline sales growth, solid free cash flow, and improved EBIT and Net Profit margins, we are very pleased with our results in the first half of 2025. We are confident we will successfully navigate the current macro-economic environment, positioning us in an even stronger leadership position in the months and years ahead." Mr. Steven P. Richman, CEO of TTI, commented, "Our strong first half results reflect the dedication and culture of our global team. We continue to build on this foundation by recruiting, retaining, and investing in talent worldwide and are extremely proud of the depth of the talent and bench strength we have developed across all levels at TTI." Forward-Looking Statements This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI's views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement. About TTI Techtronic Industries Company Limited ("TTI" or the "Company"), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 47,000 employees globally, the company's relentless focus on innovation and strategic growth has established its leading position in the industries it serves. MILWAUKEE is at the forefront of TTI's professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI's diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL (based in Charlotte, North Carolina). TTI's international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company's global reach and stability. The Pudwill family remains the company's largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.
The Hindu
05-08-2025
- Sport
- The Hindu
Thrissur to host State School Kalolsavam from January 7 to 11
The 64th State School Kalolsavam will be held in Thrissur from January 7 to 11, 2026. Minister for Education V. Sivankutty said here on Tuesday (August 5) that a meeting to form the organising committee would be held at Indoor Stadium, Thrissur, on August 12. Sanskrit and Arabic literary festivals too will coincide with the school arts festival to be held at 25 venues. Thrissur last hosted the State school arts festival in 2018. The Minister said that school-level arts festival will be held in September, sub-district festival in the second week of October and district-level festival in the first week of November. Mr. Sivankutty said that an action plan was being prepared to demolish the school buildings in disrepair following a directive from Chief Minister Pinarayi Vijayan. State sports meet The Minister said that the State school sports meet will be held at Thiruvananthapuram in an Olympic style from October 22 to 27. About 24,000 students are expected to take part in the meet. District-level competitions will be completed by September. Mr. Sivankutty said that the State meet will be held in 20 venues. Last year's event was held in Kochi. An elaborate organising committee will be convened for the meet. There will be competitions for boys and girls in Under-14, Under-17 and Under-19 categories. Young athletes from schools in West Asia following Kerala syllabus can join the State sports meet, he said. Mr. Sivankutty said that a torch rally from Kasaragod to Thiruvananthapuram will be organised to promote the State school sports meet. Sports and arts celebrities will attend the closing ceremony of the State school sports meet. There will be march-past of districts and cultural performances by the children. The arts festival of teacher training institutes (TTI) and pre-primary teacher training institutes (PPTTI) will be held in Wayanad on September 12. Until 2007, TTI fest was held along with the State School Arts Festival. About 600 teacher-students will attend the festival. The State special school festival will be held at Malappuram from November 6 to 8, said the Minister.
Business Wire
05-08-2025
- Business
- Business Wire
Techtronic Industries Delivers Strong First Half Performance
HONG KONG--(BUSINESS WIRE)--Global cordless power tool, outdoor power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. ('TTI' or the 'Group') (stock code: HK: 0669, ADR symbol: TTNDY) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six-month period ended June 30, 2025. TTI grew sales in the first half of 2025 to US$7.8 billion, up 7.1% in reported currency and 7.5% in local currency. Its two leading brands, MILWAUKEE and RYOBI, both delivered exceptional performance during this period. TTI delivered a strong first half performance, growing sales 7.5% in local currency to US$7.8 billion and net profit 14.2% to US$628 million. Our Flagship MILWAUKEE business extended its dominant leadership position as the #1 professional power tool brand worldwide by delivering 11.9% sales growth in local currency. RYOBI, the #1 global consumer battery-powered tool and outdoor brand, grew sales 8.7% in local currency. TTI reported US$468 million in free cash flow during the first half of 2025, ending the period in a net cash position. Gross margin improved 34 basis points to 40.3% in the first half of 2025. This increase reflects operational efficiencies made in its consumer brands where TTI focused on profitability, the positive mix impact from the growth of its high margin MILWAUKEE business and productivity improvements captured throughout its manufacturing and sourcing network. EBIT for the first half of 2025 was US$709 million, representing a 13.3% increase compared to the same period in 2024. EBIT margin also increased 49 basis points from the first half of 2024 to 9.1% as a percentage of sales. Net Profit increased 14.2% to US$628 million and earnings per share also improved 14.1% to US34.37 cents. Working capital improved 190 bps versus June 2024 to 16.8% as a percent of sales. The Group generated US$468 million in positive Free Cash Flow in the first half of 2025, ending the period in a net cash position. The TTI Power Equipment segment grew sales 8.3% in local currency to US$7.4 billion. MILWAUKEE achieved double-digit sales growth in the first half of 2025, finishing up 11.9% in local currency. RYOBI delivered a tremendous first half performance, growing 8.7% in local currency. The Floorcare and Cleaning business increased operating profit 3.6% to US$9.7 million as compared to the first half of 2024, while revenue decreased 4.8% in local currency to US$408 million. The Directors have resolved to declare an interim dividend of HK125.00 cents (approximately US16.09 cents) (2024: HK108.00 cents (approximately US13.90 cents)) per share for the six-month period ended June 30, 2025. The interim dividend will be paid to shareholders listed on the register of members of the Company on September 5, 2025. It is expected that the interim dividend will be paid on or about September 19, 2025. Mr. Horst Pudwill, Chairman of TTI, said, 'From topline sales growth, solid free cash flow, and improved EBIT and Net Profit margins, we are very pleased with our results in the first half of 2025. We are confident we will successfully navigate the current macro-economic environment, positioning us in an even stronger leadership position in the months and years ahead.' Mr. Steven P. Richman, CEO of TTI, commented, 'Our strong first half results reflect the dedication and culture of our global team. We continue to build on this foundation by recruiting, retaining, and investing in talent worldwide and are extremely proud of the depth of the talent and bench strength we have developed across all levels at TTI.' Forward-Looking Statements This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI's views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement. About TTI Techtronic Industries Company Limited ('TTI' or the 'Company'), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 47,000 employees globally, the company's relentless focus on innovation and strategic growth has established its leading position in the industries it serves. MILWAUKEE is at the forefront of TTI's professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI's diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL (based in Charlotte, North Carolina). TTI's international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company's global reach and stability. The Pudwill family remains the company's largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.
New Indian Express
05-07-2025
- Sport
- New Indian Express
Thrissur to be venue of Kerala School Arts Fete; Thiruvananthapuram to host Sports Meet
THIRUVANANTHAPURAM: Thrissur will host the Kerala School Arts Festival 2025-26 while Thiruvananthapuram will be the venue of the Kerala School Sports Meet. This was decided at a meeting chaired by General Education Minister V Sivankutty here on Saturday which was attended by representatives of various teachers' unions. In the previous academic year, Thiruvananthapuram and Ernakulam were the venues of the arts and sports fetes respectively. The meeting also decided that Palakkad will host the State School Science Fair this year. While the special school arts festival will be held in Malappuram, Wayanad will host the arts fete for Teachers Training Institutes (TTI) and Pre-Primary Teachers Training Institutes (PPTTI).
