TUALATIN, Oregon, Sept. 6, 2016 /PRNewswire/ -- CUI Global,
Inc. (NASDAQ: CUI) announced today that its wholly-owned
United Kingdom ("UK") energy subsidiary, Orbital Gas Systems
Ltd. ("Orbital"), has been awarded a £1.5 million ($1.9 million) project to manage and deliver gas
quality and metering stations to one of the largest natural gas
network offtakes in the UK for Scotia Gas Networks (SGN).
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SGN manages the network that distributes natural gas and green
gas to 5.9 million homes and businesses across Scotland and the South of England. SGN's pipelines deliver gas safely,
reliably and efficiently to every one of its customers.
The scope of this project will involve the design and
installation of civil, electrical and mechanical works at a major
offtake within SGN's network. Orbital has been appointed the
"Principle Contractor" and will operate under the Construction
(Design and Management) Regulations (2015).
"We are very pleased to have been awarded these works, which
will take place at one of the most critical assets that SGN
operates in the UK. It is a testament to SGN's significant trust in
our operations and delivery capabilities," said Orbital's UK Sales
Director Neil Stuchbury. "In
addition, this award validates our knowledge and site integration
competency not only from a technical, but also from a Health and
Safety point of view".
CUI Global's president & CEO, William Clough added, "With this significant
award Orbital continues to showcase its ability to win and deliver
large scale multi-million dollar projects. Thanks to its proven
track record and world class delivery, Orbital's growth and
reputation in the UK natural gas industry continues to expand,
reinforcing CUI Global's value proposition with further market
penetration."
About CUI Global, Inc.
Delivering Innovative
Technologies for an Interconnected World . . . . .
CUI Global, Inc. is a publicly traded company dedicated to
maximizing shareholder value through the acquisition and
development of innovative companies, products and technologies.
From Orbital Gas Systems' advanced GasPT platform targeting the
energy sector, to CUI Inc.'s digital power platform serving the
networking and telecom space, CUI Global and its subsidiaries have
built a diversified portfolio of industry leading technologies that
touch many markets. As a publicly traded company, shareholders are
able to participate in the opportunities, revenues, and profits
generated by the products, technologies, and market channels of CUI
Global and its subsidiaries. But most importantly, a commitment to
conduct business with a high level of integrity, respect, and
philanthropic dedication allows the organization to make a
difference in the lives of their customers, employees, investors
and global community.
For more information please visit www.cuiglobal.com
About Orbital Gas Systems Ltd.
Orbital Gas Systems Ltd ("Orbital") is the largest natural gas
systems integrator in the United Kingdom. For over 30 years,
Orbital has developed its portfolio of products, services and
resources to offer a diverse range of personalized gas engineering
solutions to the gas utilities, power generation, emissions,
manufacturing and automotive industries. Orbital's
internationally recognized expertise in the natural gas industry,
including bringing together the patented VE Technology with
the ground-breaking GasPT device, offers natural gas operators and
users a comprehensive engineering array for the next generation of
energy metering systems. Orbital is a wholly owned subsidiary
of CUI Global, Inc.
For more information, please
visit www.orbitalgassystems.com.
Important Cautions Regarding Forward Looking
Statements
This document contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The company may experience
significant fluctuations in future operating results due to a
number of economic, competitive, and other factors, including,
among other things, our reliance on third-party manufacturers and
suppliers, government agency budgetary and political constraints,
new or increased competition, changes in market demand, and the
performance or reliability of our products. These factors and
others could cause operating results to vary significantly from
those in prior periods, and those projected in forward-looking
statements. Additional information with respect to these and other
factors, which could materially affect the company and its
operations, are included in certain forms the company has filed
with the Securities and Exchange Commission.