- GasPT Now Approved for Use on All Measurement Points
on the UK Gas Transmission Network -
HOUSTON, April 24, 2018 /PRNewswire/ -- CUI Global, Inc.
(NASDAQ: CUI) announced today that its wholly-owned United Kingdom ("UK") energy subsidiary,
Orbital Gas Systems Ltd. ("Orbital"), has received new, broader
certification of its proprietary GasPT analyzer and software from
UK regulator, the Office of Gas and Electricity Markets
(Ofgem). Per the certification, the GasPT is now approved for
"use at all Directed measurement points where the gas
composition is known to be within the approval range of the
instrument."
Approval and certification from this highly-respected,
internationally-recognized regulatory agency comes after extensive
testing, consultation, and review, and follows Ofgem's April 2017 decision to align the UK accuracy
requirements for a Calorific Value Determining Device (CVDD) used
on the UK distribution network to those detailed within the
International Organization of Legal Metrology (OIML R140) standard
(Class A). With Ofgem's certification, the GasPT device can
now be broadly deployed across all measurement points, large and
small, throughout the UK and Western European countries that adhere
to Ofgem's regulations. In the UK, such certification is necessary
for continued implementation of the Future Billing Methodology
("FBM"), biomethane applications, and many other projects that can
now employ this unique analytic solution.
President of Orbital's UK operation, Paul White, commented, "With this certification,
we can pursue our go-to-market strategy across both the UK and
Western European natural gas markets in a much more vigorous
manner. Our track record of achievement, world class facilities and
innovative technologies continue to keep us at the forefront of the
natural gas industry, including analytic and sampling technologies.
"
CUI Global's president & CEO, William Clough added, "The entire Orbital team
should be congratulated for this important certification.
Successful completion of the lengthy, complex certification process
testifies to our capabilities and commitment. We can now move
forward in our efforts in FBM, biomethane, and other projects
designed to help UK energy operators find new ways of optimizing
operational performance; maximizing the use of renewable resources;
and mitigating the effects of climate change."
Orbital will host a formal "GasPT Ofgem Approval Workshop" at
its UK facility on May 10, 2018, and
has invited representatives from the largest gas network operators
and energy producers in the UK to attend.
In addition, on May 2, 2018,
Orbital will attend and exhibit at the Renewable Energy
Association's ("REA") UK Biomethane Day 2018, the largest gathering
of the gas-to-grid industry in Europe, at which Orbital will formally promote
the new, broader certification and demonstrate the GasPT, along
with its benefits and advantages.
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) has offices located in the
United Kingdom and Houston, Texas, it remains the UK's largest
natural gas systems integrator. 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.orbitalgas.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.
Media
Contact:
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External Investor
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CUI Global,
Inc.
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LHA Investor
Relations
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Jeff
Schnabel
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Sanjay M.
Hurry
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Main:
503-612-2300
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Main:
212-838-3777
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press@cuiglobal.com
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cuiglobal@lhai.com
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