I P Rings Adverse Business Impact
IP Rings reported a cyber security incident causing minor business interruptions. Technical teams are remediating, with normal operations expected to restore by end of day.
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IP Rings reported a cyber security incident causing minor business interruptions. Technical teams are remediating, with normal operations expected to restore by end of day.
IP Rings Limited has mutually agreed with Nippon Piston Rings Co. Ltd (NPR) to terminate their Share Subscription and Technical Assistance agreements. NPR holds a 5.56% stake in the company. IP Rings will continue to access NPR's existing and future technologies, including PVD coating, without royalty obligations despite the formal termination.