Lloyds Engineering Works has entered into Purchase Agreement with The Materials Works (TMW), USA to enable company to design, manufacture and sell EPS Gen 4 cells across the globe excluding China, Macao, Hong Kong, Taiwan and within a 350-mile radius of Red Bud, Illinois, United States. TMW shall provide a license and rights to its EPS Gen 4 Technology (along with the Patented Technology) and provide related technical support services to the company, according to the terms of payment and obligations agreed upon.
The company shall be entitled to manufacture and sell unlimited EPS cells using the Patented Technology with paying agreed Earnout payment to TMW for certain period of time as mentioned in the Purchase Agreement.
Lloyds Engineering Works (formerly known as Lloyds Steels Industries) is a designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.
