Matthews International Says Arbitrator Recognized Company's Right to Sell Dry Battery Electrode Equipment

MT Newswires Live03-10

Matthews International (MATW) said Tuesday that on Feb. 13, an arbitrator entered an interim decision, recognizing the company's right to develop, produce, market and sell its proprietary dry battery electrode equipment to third parties.

The interim decision includes a narrow injunction that prevents Matthews from using certain parts in dry battery electrode machines, but this injunction is not expected to materially hinder its operations or sales, the company said.

The arbitrator's interim decision further denied an injunctive relief requested by Tesla (TSLA), thereby rejecting Tesla's attempts to prohibit Matthews from selling its dry battery electrode technology and equipment, the company added.

Price: 26.12, Change: +0.10, Percent Change: +0.38

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment