PITTSBURGH, April 6 (Bernama-GLOBE NEWSWIRE) — Matthews International Corporation (NASDAQ GSM: MATW) announced today the expected July 2022 opening of its state-of-the-art service facility in San Antonio, Texas, for the refurbishment of calender rolls for lithium-ion battery electrode production. This facility, part of Matthews’ Saueressig Engineering and Energy division, supports the growth of its North American energy business, serving the rapidly growing renewable energy market.
“We are very excited about the start-up of our San Antonio facility, designed to apply our published patents for use of dry electrodes in the production and reconditioning of lithium-ion batteries and multiple roll calenders (MRCs),” commented Joe Bartolacci, President and Chief Executive Officer. “This patented technology has the potential to reduce the cost of production and accelerate mass market adoption of fuels cells for a variety of end-use markets, including the electric vehicle market.”