Business
Matthews International Obtains Important Clarity On Matthews' Right to Sell DBE Equipment
Arbitrator Reaffirms Matthews's Right to Develop, Produce, Market and Sell Proprietary Dry Battery Electrode Solutions to Third PartiesCompany Provides
About this update from Matthews International Corporation
[{"type":"text","content":"Arbitrator Reaffirms Matthews's Right to Develop, Produce, Market and Sell Proprietary Dry Battery Electrode Solutions to Third PartiesCompany Provides Clarity Regarding Recent Favorable Arbitration Decision in Its Litigation with TeslaPITTSBURGH, March 10, 2026 /PRNewswire/ -- For the second time in twelve months, an arbitrator has recognized Matthews International Corporation's (NASDAQ GSM: MATW) (\"Matthews\" or the \"Company\") right to develop, produce, market and sell its proprietary dry battery electrode (\"DBE\") solutions to third parties. Specifically, on February 13, 2026, an arbitrator entered an interim decision providing additional clarity regarding Matthews' ownership of and rights in \"DBE\" technology that Matthews has been developing over the past two decades. Matthews successfully defeated Tesla's most meaningful claims as the arbitrator issued an interim decision denying the broad injunctive relief requested by Tesla and rejecting Tesla's attempts to prohibit the Company from selling Matthews' proprietary DBE technology and equipment. \n \n \n \n \n \n \n \nInstead, the interim decision includes a narrow injunction preventing Matthews from using certain parts in dry battery electrode machines. Matthews already has replacement parts, and thus the injunction is not expected to materially impede Matthews' operations or sales. Importantly, this most recent ruling provides further clarity for Matthews and its customers on a going forward basis.With the support of these rulings, Matthews will continue to sell DBE equipment and provide state-of-the-art technology offerings to its customers. This includes Matthews' next generation multi-roll calendering machine. Further, the Company's intellectual property is protected by multiple foundational patents (including US Patent Nos. US12136727, US12237494, US12334534 and US12418017) that prevent other companies from improperly claiming for themselves DBE solutions developed by Matthews.Matthews looks forward to continuing to advance the battery manufacturing industry and supporting customers with their future roadmaps in support of the secular trend of electrification.About Matthews International CorporationMatthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational ef...