12 Jan 2026 | 5 Mins Read
Lloyds Engineering acquires The Material Works
Flipitmoney
Lloyds Engineering Works signed a purchase agreement with The Material Works Limited (TMW), a US-based company. The agreement allows Lloyds to design, manufacture, and sell EPS Gen 4 cells using TMW's patented technology, expanding global operations while excluding some regions and China. TMW will receive annual cash payments and earn-out payments for a specified period.