Matthews says court denied Tesla attempt to overturn prior arbitration decision

Matthews International (MATW) announced that the United States District Court for the Northern District of California has issued an opinion and order confirming a previous arbitration decision in Matthews’ favor and denied Tesla’s (TSLA) attempt to overturn it. “This decision reinforces Matthews’ longstanding leadership in the design, development, and manufacturing of continuous process machinery for battery electrode production, including its proprietary dry battery electrode solutions. For more than two decades, Matthews has delivered advanced rotary manufacturing technologies that streamline production of energy storage devices, helping to reduce cost and increase performance. The Federal Court’s recent decision also further strengthens Matthews’ position as a trusted partner in the global energy transition,” the company stated. “This ruling is a significant validation of our technology, our intellectual property, and our commitment to innovation. For over 20 years, Matthews has invested in solutions that enable the future of energy storage and electrification. Our precision engineering expertise and proprietary DBE technology will help customers worldwide reduce costs and improve performance for next-generation batteries,” added Joe Bartolacci, President and CEO of Matthews.