HOUSTON, April 25, 2019 /PRNewswire/ -- CUI Global,
Inc. (NASDAQ: CUI) wholly-owned Energy subsidiary, Orbital Gas
Systems ("Orbital" or the "Company"), today announced that it has
received orders for its GasPTi-F product from SAMSON AG, its global distribution partner, for
use by a large industrial user of natural gas in Spain. The number of units comprising the
orders was not disclosed.
GasPTi-F is a combination of the patented VE
Technology® sample probe and sample system for
pipeline-mounted application with fixed sample probe, and the
industry-leading GasPT® natural gas analyzer that
provides near real-time gas property data for numerous applications
in the natural gas industry, such as custody transfer metering,
combustion control, and blending applications.
SAMSON AG's client will use the
GasPTi-F devices to improve the combustion efficiency in its
gas-fired burners. The client will use two of the standard physical
properties provided by GasPT, inferior and superior calorific
value, to optimize air/fuel ratio for the continuous combustion
process.
"In addition to gaining access to gas network operators in
previously untapped markets as Russia, China, Africa, and South
America through our partnership with SAMSON AG, we are for the first time penetrating
the industrial market for commercial sales of our innovative GasPT
and VE technologies," said CUI Global President and CEO
William Clough. "These orders
demonstrate SAMSON AG's ability to
convert recent joint business development efforts into an exciting
pipeline of opportunities."
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
Orbital Gas Systems, (Orbital) has offices 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.
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.
External Media
Contact:
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External IR
contact:
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Foster
Marketing
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LHA Investor
Relations
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Tiffany
Harris
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Sanjay M.
Hurry
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337-278-1097
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212-838-3777
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tharris@fostermarketing.com
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cuiglobal@lhai.com
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SOURCE CUI Global, Inc.