Matthews International recently scored a win in arbitration against Tesla, validating its right to sell its Dry Battery Electrode (DBE) technology publicly. This ruling could spark new investor interest in Matthews International (MATW).
The legal clash lasted a year, with Matthews wanting assurance that it could market its DBE products without being restricted by Tesla.
Matthews highlighted its long history in DBE manufacturing, even before its partnership with Tesla. The arbitrator’s decision confirmed that Matthews can supply DBE technology to battery and car manufacturers around the world. As demand rises in the electric vehicle market, Matthews is eager to start selling and providing DBE solutions quickly.
In early 2024, Matthews initiated arbitration after disagreements over its ability to promote its DBE technology beyond Tesla’s framework. Tesla also accused Matthews of stealing trade secrets and launched a federal case against them in June 2024. However, Matthews claims the arbitration ruling supports its viewpoint.
This decision came just months after Matthews secured a U.S. patent for methods related to producing dry battery electrodes. The company sees this patent as a stepping stone for future innovations, especially as DBE manufacturing becomes a preferred method over traditional techniques.
With the legal hurdles now cleared, Matthews plans to expand its footprint in the DBE market and build partnerships with new customers looking for advanced battery solutions. The company recognizes the increasing interest in DBE technology, particularly among battery and automotive manufacturers aiming for better energy efficiency and scalability.
This article first appeared on GuruFocus.
Check out this related article: Why Shipping from Mexico is Still the Cost-Effective Choice for Align Technology Despite 25% U.S. Tariff – Insights from Oral Health Group
Source linkMatthews International, Tesla Matthews, Tesla
