HOUSTON, June 19, 2018 /PRNewswire/ -- CUI Global, Inc.
(NASDAQ: CUI) announced today that its wholly-owned energy
subsidiary, Orbital Gas Systems ("Orbital" or the "Company"), has
entered into a collaboration with Keele University in the
United Kingdom to develop new
technology suitable for future gas networks. Orbital will open a
satellite Research & Development facility at the Keele
University Science and Innovation Park to work closely with the
University's Smart Energy Network Demonstrator (SEND) project to
develop new sensor technologies to support "green gas" monitoring
and control.
Keele University is turning its West
Midlands campus into Europe's first Smart Energy Network
Demonstrator for smart energy research and development focused on
the testing and evaluation of new and evolving energy technologies.
As an 'at-scale living laboratory', SEND will work in
partnership with business and industry to assess the efficiency of
new technologies in terms of energy reduction, cost and
CO2 emissions.
Orbital's Head of Research & Development, Tony Wimpenny, commented, "Orbital is ideally
situated to Keele, both geographically and technologically, to
provide the technology, expertise, support and exposure to the
global gas industry throughout participation in the SEND project.
We are excited about the benefits we can leverage from this
collaboration."
Head of Partnership Development at Keele University, Dr.
Ian Madley, added, "We are thrilled
to work with Orbital to develop new technologies suitable for
future gas networks. Orbital's engagement with SEND is a fantastic
example of innovation delivering really tangible results for Keele
University, industry and the broader U.K. economy, as well as major
societal benefits. It puts Keele and our campus at the forefront of
the new and more sustainable energy landscape."
CUI Global President & CEO William
Clough stated, "Our collaboration with Keele University and
the SEND project fits perfectly with Europe's strategy to cultivate and grow
alternative energy sources. Our participation will enable us
to further develop our Future Billing Methodology Project,
biomethane-to-grid solutions and other environmentally-friendly
energy solutions throughout the U.K. and Western Europe.
"The Keele University collaboration will also enhance our
relationships with some of the U.K.'s and Europe's largest pipeline operators and energy
providers, all of whom are looking for ways to efficiently,
accurately and effectively deliver more 'green gas' alternatives.
We are very excited about the recognition this relationship will
bring us and to further enhance our technology advantage in the
marketplace," Mr. Clough concluded.
The Smart Energy Network Demonstrator (SEND) – which is funded
by Keele University, the Department for Business, Energy and
Industrial Strategy (BEIS), and the European Regional Development
Fund (ERDF) as part of the England
2014 to 2020 European Structural and Investment Funds (ESIF) Growth
Programme – builds on Keele University's investment in its energy
and other utility networks over many years.
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 advanced 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
Orbital Gas Systems, (Orbital) has offices located in the
United Kingdom and Houston, Texas. 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
About Keele University
- Keele was recently awarded Gold in the Teaching Excellence
Framework
- Keele is ranked No. 1 in England for Course Satisfaction (Guardian
University Guide 2018)
- 97% of the University's research was deemed to be
world-leading, or of international importance, in the latest
Research Excellence Framework
- www.keele.ac.uk
About Smart Energy Network Demonstrator (SEND)
The SEND project (ref: 32R16P00706) is receiving up to £9m of
funding from the England European Regional Development Fund as part
of the European Structural and Investment Funds Growth Programme
2014-2020, and £4.5m from the Department for Business, Energy &
Industrial Strategy . The Department for Communities and Local
Government (and in London the
intermediate body Greater London Authority) is the Managing
Authority for European Regional Development Fund.
About European Regional Development Fund (ERDF)
Established by the European Union, the European Regional
Development Fund helps local areas stimulate their economic
development by investing in projects which will support innovation,
businesses, create jobs and local community regenerations. For more
information visit https://www.gov.uk/european-growth-funding.
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
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