Megatherm Induction Limited — Important, 27-05-2025: Agreements

Megatherm Induction Limited has formed a joint venture with US-based Cyprium Induction, LLC to promote and sell its metal heating, automation, and power distribution products in North America. Megatherm holds 49.99% and Cyprium 50.01% ownership with equal board representation. Cyprium’s $2.5 million revenue last year adds market credibility. This collaboration positions Megatherm to enhance its US exports and profitability significantly.