Matthews International Wins Arbitration Against Tesla, Resumes Sales of Battery Technology
Matthews International Corporation (Nasdaq: MATW) has secured a significant legal victory in its ongoing dispute with Tesla. On February 5, 2025, an arbitrator ruled in favor of Matthews, affirming the company’s right to continue selling its proprietary Dry Battery Electrode (DBE) technology to customers beyond Tesla. This ruling allows Matthews to resume its sales efforts in the rapidly growing electric vehicle market.
The arbitration, initiated by Matthews in January 2024, stemmed from a dispute over the company’s rights to market its DBE solutions. The arbitrator's decision recognized Matthews’ long history in the battery technology field and reinforced its ability to serve other clients globally. Matthews’ President and CEO, Joseph C. Bartolacci, hailed the ruling as a reaffirmation of the company’s innovative role in the battery space.
Matthews has been a key player in dry battery electrode technology for over a decade and holds a recent patent related to manufacturing dry electrodes, further positioning the company for continued success in the energy storage industry.
The conflict began after Tesla and Matthews were unable to resolve a disagreement over the use and sale of DBE technology. Matthews was forced to seek arbitration after Tesla filed a lawsuit accusing the company of trade secret theft, despite an earlier agreement to settle such disputes through arbitration.
With the arbitration now concluded, Matthews intends to expand its DBE technology offering to the electric vehicle industry, serving a growing number of manufacturers seeking advanced energy storage solutions.
Matthews International, headquartered in Pittsburgh, operates in various sectors, including industrial technologies, memorialization products, and branding solutions, with a global workforce of over 12,000 employees.
For further information, Matthews provided contact details for its investor relations team and emphasized the availability of documents related to its 2025 Annual Meeting on the company website and SEC filings.