CUI Global Secures Repeat Order for GasPTi Device from Leading North American Power & Energy Produce

HOUSTON, Feb. 20, 2018 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned subsidiary, Orbital Gas Systems North America. ("Orbital N.A."), has been awarded a fourth purchase order in as many months for its GasPTi device from a leading U.S.-based power and energy producer. The devices are being utilized in a process control application to optimize the efficiency and minimize maintenance on certain of the customer's gas-fired compressor turbines in the northeastern United States.

GasPTi combines two patented gas technologies – GasPT® analyzer and VE Technology® sample probe and system – to create a unique and revolutionary method to almost instantly and accurately determine natural gas quality in a cost-efficient manner. First deployed by the customer in 2015, the speed and accuracy of GasPTi allows the customer to precisely control the air/fuel ratio injected into its turbines to decrease fuel consumption, reduce emissions and improve their efficiency and life-expectancy. Given the size and number of the customer's turbine facilities, GasPTi is a faster, lower-cost and highly accurate alternative to slower gas chromatographs and the prohibitive costs and ongoing maintenance they require.

Orbital N.A. President, Nicholas J. Clough, stated, "These repeat orders from a premier power and energy company highlight the effectiveness of our product range and its relevance to the greenfield North American market, and particularly in process control applications. We are encouraged to see our early adopters start to ramp up implementation and reorder across their networks."

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
Orbital Gas Systems (Orbital), a CUI Global Company, is the leader in innovative gas solutions, having more than 30 years of experience in design, installation and the commissioning of industrial gas sampling, measurement and delivery systems. Operating globally to energy, power and processing markets, Orbital manufactures and delivers a broad range of applications including environmental monitoring, gas metering, process control, telemetry, gas sampling and BioMethane.

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.

 

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SOURCE CUI Global, Inc.