Artificial Intelligence and Innovation Capstone Project at Carnegie Mellon University

**FOR IMMEDIATE RELEASE**

PITTSBURGH, PA, November 30, 2023 – Matthews International Corporation (NASDAQ GSM: MATW) is proud to announce that its SGK Brand Solutions division, has sponsored an Artificial Intelligence and Innovation Capstone Project at Carnegie Mellon University.

This prestigious project is an integral component of the Master of Science in Artificial Intelligence and Innovation degree at Carnegie Mellon’s Language Technologies Institute in the School of Computer Science. As part of their academic journey, selected students embark on this capstone endeavor, which is tailored to address tangible challenges posed by sponsoring corporations and institutions.

Gary Kohl, President of SGK, expressed the company’s forward-thinking perspective on this collaboration, noting, “SGK is steadfast in its commitment to innovation. The leaps in generative AI not only provide a platform for augmenting our agency's creative prowess but also unveil avenues for efficiency and automation that were once deemed unfeasible."

Francois Estallon, EVP of Global Operations and Chief Technology Officer at SGK, as well as a proud alumnus of Carnegie Mellon, stated, "This partnership with one of the nation's premier AI academic programs offers a dual benefit: addressing a vital challenge for SGK and simultaneously unveiling potential talent for our future. I eagerly anticipate the innovative solutions our students will conceive and the subsequent project outcomes."

Michael Shamos, who directs the M.S. in Artificial Intelligence and Innovation at the Language Technologies Institute, commented on the profound impact of such sponsorships. “Our students are greatly invigorated when industry leaders like SGK present them with challenges that not only promise transformative results for the sponsors but also allow them to witness the real-world application of their solutions in SGK's creative outputs, magnified by the capstone's contributions."

This year's capstone endeavor will task six students with the creation and refinement of a solution framework throughout the academic year, culminating in a final deliverable to SGK in spring 2024.

About Matthews International Corporation:
Matthews International Corporation is a global provider of brand solutions, memorialization products, and industrial technologies. Headquartered in Pittsburgh, Pennsylvania, the company’s SGK Brand Solutions segment is a leader in providing brand development, deployment, and delivery services.

About Carnegie Mellon University’s Language Technologies Institute:
The Language Technologies Institute (LTI) at Carnegie Mellon University is a pioneer in the fields of natural language processing, speech recognition, and related disciplines, and offers one of the nation's leading programs in artificial intelligence and innovation.

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