CUI CUI Global Inc

TUALATIN, Ore., Nov. 8, 2018 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned Power & Electromechanical Division, CUI Inc. ("CUI"), has been awarded or named as a finalist for multiple electronics industry awards for several of its innovative products and technologies.

In October, CUI's advanced sleeve bearing DC fans built with the omniCOOL™ system won the Innovator of the Year award at Design & Elektronik's annual ceremony. CUI's omniCOOL system, which combines a magnetic structure and enhanced sleeve bearing design to improve fan life and performance, was voted a winner in the Electromechanical category by more than 1100 readers. A representative from CUI was present at the event in Munich, Germany on October 25 to accept the award, among other top companies in the industry.

For the 2018 Elektra Awards presented by Electronics Weekly, CUI has two products on the shortlist of finalists. CUI's AMT21 and AMT23 series of absolute modular encoders were named as a finalist for the Passive and Electromechanical Product of the Year, while its ICE Block data center hardware made the shortlist for the Power System Product of the Year. The Elektra Awards is a global electronics industry event showcasing the finest new products, technology innovations, and company performances of the year. Overall winners in each category will be announced at the Elektra Awards Dinner on December 5, 2018 at the Grosvenor House Hotel in London.

WTWH Media's LEAP Awards, which celebrates the most innovative and forward-thinking products serving the design engineering space, recently announced CUI's high performance Peltier modules built with the arcTEC™ structure as a finalist in their Power Electronics award category. CUI's arcTEC structure incorporates a thermally conductive resin, high temperature solder, and larger P/N elements to greatly enhance reliability, performance, and cycle life in Peltier modules. The winners in each category will be honored at an awards presentation in Costa Mesa, California on December 11, 2018 in conjunction with DeviceTalks West.

"CUI is thrilled by the recent string of product awards and recognitions from these respected publications," stated Jeff Schnabel, vice president of Global Marketing at CUI. "These awards further validate our commitment to keeping our products and customers at the forefront of efficiency and innovation within the electronics industry."

Added William Clough, president and CEO of CUI Global, "Over the past several years we have made investments in new product introductions and new design wins that are garnering growing industry recognition. We are very pleased with these accolades and particularly so with recognition of ICE Block as we continue to work towards a sizable emerging opportunity for this disruptive power optimization and utilization technology." 

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 CUI Inc.

CUI Inc. is a technology company focused on the development and distribution of electronic components. At the leading edge of power supply design, the organization supports customers as they strive to improve the energy efficiency and environmental credentials of their application. The company's power group is complemented by a portfolio of world-class board level components, consisting of interconnect, audio, motion control and thermal products. An unwavering commitment to create collaborative partnerships with customers and a drive to see that their design project is a success has been a hallmark of CUI's sustained growth since its founding in 1989. As a leader in the industry, CUI will continue to invest in the future through new technologies, talented employees, expanded manufacturing capabilities, and a growing global reach.

For more information please visit www.cui.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.

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SOURCE CUI Global, Inc.