On February 18, 2025, Matthews International Corporation announced that a U.S. District Court Judge issued an order denying Tesla's renewed request to block Matthews' right to sell its Dry Battery Electrode (DBE) solutions. This ruling follows a favorable arbitration decision on February 6, 2025, which reaffirmed the company's right to market and sell its proprietary DBE technology to global customers.
The denial of Tesla's injunction request removes a significant legal impediment that had impacted customer order rates and willingness to do business with Matthews. This legal clarity allows Matthews to fully commercialize its DBE technology without the threat of a sales block.
The company stated that since the favorable arbitration ruling, outstanding quotes for its DBE solutions have exceeded $150 million and continue to grow. This legal victory is crucial for unlocking the commercial potential of Matthews' advanced battery production technology.
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