- Matthews International ( NASDAQ: MATW ) notifies that total orders received by the company during the fiscal 2023 first quarter for its energy storage solutions business exceeded $200M.
- The orders have been received from multiple electric vehicle, fuel cell, and battery manufacturers to provide equipment and services to the fast-growing business.
- Order intake is more than twice fiscal year 2022 revenues for energy storage solutions business
- The move solidifies Matthews International’s position as a leader in the growing electric vehicle energy storage solutions industry
- The company received orders from multiple manufacturers of EV, battery, and hydrogen fuel cell components.
For further details see:
Casket-maker Matthews secures ~$200M in orders in Q1 2023 for the Energy Solutions business