Matthews International Announces Positive Ruling in Arbitration with Tesla

Core Viewpoint - The arbitrator's ruling affirms Matthews International Corporation's right to sell its proprietary Dry Battery Electrode technology to customers other than Tesla, allowing the company to resume marketing and selling its products in the electric vehicle market [2][4]. Company Overview - Matthews International Corporation is a global provider of industrial technologies, memorialization products, and brand solutions, with approximately 12,000 employees across more than 30 countries [6]. Technology and Innovation - The company has a long-standing background in manufacturing advanced Dry Battery Electrode technology and was awarded U.S. Patent No. 12,136,727 B2 for systems related to manufacturing dry electrodes on November 5, 2024, which is expected to lead to further innovations in the DBE industry [3][4]. Market Position - The ruling allows Matthews to capitalize on the growing demand for battery solutions in the electric vehicle market, where manufacturers are seeking innovative technologies [2][3].