Lloyds Engineering Works Partners with The Materials Works for Exclusive Production of EPS Gen 4 Cells

Lloyds Engineering Works Limited has entered into a strategic international technology partnership to bring next-generation, environmentally sustainable steel surface processing to its global manufacturing footprint. 

Key Development 

The company has signed a purchase and licensing agreement with US-based The Material Works Limited (TMW), giving Lloyds Engineering the right to design, manufacture and sell TMW’s patented Eco Pickled Surface (EPS) Generation 4 steel processing cells across most global markets.  

Under the agreement, Lloyds will have exclusive commercial rights to this technology worldwide, excluding China, Hong Kong, Macau, Taiwan and a 350-mile radius around TMW’s base in Illinois, USA. 

EPS Gen 4 is a proprietary acid-free steel surface treatment process that replaces conventional pickling methods, which typically rely on acids that generate hazardous waste and environmental pollution. The technology allows steel surfaces to be cleaned using recyclable materials with zero liquid effluent, significantly reducing environmental impact. 

Business Insights 

As part of the agreement, TMW will provide Lloyds Engineering with access to its patented technology, continuous design upgrades, technical training, marketing support and sales enablement.  

Lloyds will make agreed earn-out payments in cash over a defined period, while retaining the right to manufacture and sell an unlimited number of EPS Gen 4 cells using the licensed technology. 

The partnership is structured as a licensing arrangement rather than an equity acquisition and does not involve any related-party interests. 

Read More: Lloyds Engineering Works Share Price Surges Over 6%; Signs Radar Tech Development Agreement with Italy’s Virtualabs! 

Lloyds Engineering Works Share Price Performance  

As of January 12, 2025, at 9:20 AM, Lloyds Engineering share price is trading at ₹50.80 per share, reflecting a decline of 0.39% from the previous closing price.  

Conclusion 

The licensing deal with The Material Works gives Lloyds Engineering a strong technological edge in clean steel processing, opening up a high-value global opportunity in eco-friendly industrial equipment. 

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