Deals10 Jan 2026, 03:30 pm
Lloyds Engineering Works Ltd Enters into Purchase Agreement with The Material Works Limited for Eco-Friendly Steel Cleaning Technology
AI Summary
Lloyds Engineering Works Ltd has entered into a Purchase Agreement with The Material Works Limited (TMW), USA, for the design, manufacture, and sale of EPS Gen 4 cells. This technology, developed by TMW, is an acid-less pickling process for all qualities of steel, including stainless steel, and is completely environment friendly. The agreement is a licensing arrangement, allowing Lloyds Engineering Works Ltd to sell EPS Gen 4 cells globally, excluding China, Macao, Hong Kong, Taiwan, and within a 350-mile radius of Red Bud, Illinois, United States. The agreement includes ongoing design improvements, technical training, access to TMW marketing materials, and sales training and support from TMW.
Key Highlights
- Lloyds Engineering Works Ltd has entered into a Purchase Agreement with The Material Works Limited (TMW), USA, for the design, manufacture, and sale of EPS Gen 4 cells.
- The EPS Gen 4 technology is an acid-less pickling process for all qualities of steel, including stainless steel, and is completely environment friendly.
- The agreement is a licensing arrangement, allowing Lloyds Engineering Works Ltd to sell EPS Gen 4 cells globally, excluding China, Macao, Hong Kong, Taiwan, and within a 350-mile radius of Red Bud, Illinois, United States.
- The agreement includes ongoing design improvements, technical training, access to TMW marketing materials, and sales training and support from TMW.