Matthews International's Engineering Business Establishes Hydrogen Fuel Cell (HFC) Development Center in Burlington, NC

PITTSBURGH, Feb. 22, 2024 (GLOBE NEWSWIRE) -- 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.

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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.