Matthews international enters into joint development agreement with illuming power to advance bi-polar plate production technology

Pittsburgh, feb. 22, 2022 (globe newswire) -- matthews international corporation (nasdaq gsm: matw) announced today a joint development agreement (jda) with illuming power inc., a vancouver bc engineering firm specializing in the design, prototype, manufacture and sale of hydrogen fuel cell related materials, components and stacks. this two-year partnership will develop an automated, expanded graphite bipolar plate production line that will dramatically reduce production costs, accelerating the mass market adoption of fuel cells for a variety of end-use markets, including for transportation and stationary applications.
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