Matthews International’s Engineering Business Establishes Hydrogen Fuel Cell (HFC) Development Center in Burlington, NC
22 Février 2024 - 10:15PM
Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews”),
a global provider of industrial technologies and renewable energy
equipment, today announced the relocation of its bipolar plate
manufacturing and prototyping operations (under the brand name
Terrella Energy) to its site in Burlington, North Carolina. The new
site is strategically located within the Southern Automotive
Corridor with close proximity to several electric vehicle
automakers and battery manufacturers.
Having received one of eight grants from the
North Carolina Rural Infrastructure Authority (RIA) to invest in
rural communities, Matthews’ award will support the
60,000-square-foot expansion of its Burlington site. The facility,
part of the Matthews Engineering energy solutions business, will
have capabilities to fabricate both flat die and rotary embossing
tooling for the forming of graphite bipolar plates, and a low
volume production line to produce and assemble graphite bipolar
plates.
“We are very excited about this expansion and
adding these capabilities to our Burlington, North Carolina site.
In addition to fabricating tooling for graphite bipolar plates for
hydrogen fuel cell power units and the production of the equipment
to produce and assemble them, this site will be a development
center for the next generation, roll-to-roll graphite bipolar plate
production process currently under development,” commented Greg
Babe, Chief Technology Officer. “With demand for green energy
technologies accelerating, having close proximity to our automotive
customers will allow us to accelerate solutions that address
tomorrow’s problems.”
With the investment in hydrogen fuel cell
development capabilities, and its published patented production
technology, Matthews Engineering’s energy solutions business
further strengthens its position in the fast-growing renewable
energy market.
About Matthews International
Corporation
Matthews International Corporation is a global
provider of industrial technologies, memorialization products, and
brand solutions. The Industrial Technologies segment includes the
design, manufacturing, service and distribution of high-tech custom
energy storage solutions; product identification and warehouse
automation technologies and solutions, including order fulfillment
systems for identifying, tracking, picking and conveying consumer
and industrial products; and coating and converting lines for the
packaging, pharma, foil, décor and tissue industries. The
Memorialization segment is a leading provider of memorialization
products, including memorials, caskets, cremation-related products,
and cremation and incineration equipment, primarily to cemetery and
funeral home customers that help families move from grief to
remembrance. The SGK Brand Solutions segment is a leading provider
of packaging solutions and brand experiences, helping companies
simplify their marketing, amplify their brands and provide value.
The Company has approximately 12,000 employees in more than 30
countries on six continents that are committed to delivering the
highest quality products and services.
Forward-looking Information
Any forward-looking statements contained in this
release are included pursuant to the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to,
statements regarding the expectations, hopes, beliefs, intentions
or strategies of the Company regarding the future, and may be
identified by the use of words such as “expects,” “believes,”
“intends,” “projects,” “anticipates,” “estimates,” “plans,”
“seeks,” “forecasts,” “predicts,” “objective,” “targets,”
“potential,” “outlook,” “may,” “will,” “could” or the negative of
these terms, other comparable terminology and variations thereof.
Such forward-looking statements involve known and unknown risks and
uncertainties that may cause the Company’s actual results in future
periods to be materially different from management’s expectations,
and no assurance can be given that such expectations will prove
correct. Factors that could cause the Company's results to differ
materially from the results discussed in such forward-looking
statements principally include changes in domestic or international
economic conditions, changes in foreign currency exchange rates,
changes in interest rates, changes in the cost of materials used in
the manufacture of the Company's products, any impairment of
goodwill or intangible assets, environmental liability and
limitations on the Company’s operations due to environmental laws
and regulations, disruptions to certain services, such as
telecommunications, network server maintenance, cloud computing or
transaction processing services, provided to the Company by
third-parties, changes in mortality and cremation rates, changes in
product demand or pricing as a result of consolidation in the
industries in which the Company operates, or other factors such as
supply chain disruptions, labor shortages or labor cost increases,
changes in product demand or pricing as a result of domestic or
international competitive pressures, ability to achieve
cost-reduction objectives, unknown risks in connection with the
Company's acquisitions and divestitures, cybersecurity concerns and
costs arising with management of cybersecurity threats,
effectiveness of the Company's internal controls, compliance with
domestic and foreign laws and regulations, technological factors
beyond the Company's control, impact of pandemics or similar
outbreaks, or other disruptions to our industries, customers, or
supply chains, the impact of global conflicts, such as the current
war between Russia and Ukraine, and other factors described in the
Company’s Annual Report on Form 10-K and other periodic filings
with the U.S. Securities and Exchange Commission.
Matthews International CorporationCorporate
OfficeTwo NorthShore CenterPittsburgh, PA 15212-5851Phone: (412)
442-8200
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William D. Wilson |
Ann N. Wilson |
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Corporate Development |
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412-325-8418 |
412-522-6251 |
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