HOUSTON, Aug. 13, 2019 /PRNewswire/ -- CUI Global, Inc.'s
(NASDAQ: CUI) wholly-owned Energy subsidiary, Orbital Gas Systems
("Orbital" or the "Company"), announced that it has received an
order to supply and commission a VE Technology Sample System,
including sample probe and analyzer, for deployment at a new
customer's natural gas liquids (NGL) plant. Terms of the order with
the customer, one of the largest gas network operators and energy
infrastructure companies in the U.S., were not disclosed. The order
follows the recent addition of Orbital to the customer's list of
preferred vendors for the Company's VE Technology sample probes and
systems, analytical integration and GasPT products.
"This award reflects execution on our go-to-market strategy and
pursuit of inclusion onto prospective customers' preferred vendors'
lists to drive sales of our gas technology products and integration
capabilities," stated Nicholas
Clough, President of Orbital. "Deployment of our VE
Technology at this plant will enable us to showcase our analytical
integration expertise to a customer that purchases thousands of
sample probes and thermowells annually across the entirety of its
gas network. It also gives us a beachhead from which to drive
interest in and sales of our complete offering of gas technology
products, including leveraging our decades of experience gained in
the U.K market to drive sales of other natural gas integration
projects, such as custody transfer and metering skids."
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:
|
External Investor
Relations:
|
Foster
Marketing
|
LHA Investor
Relations
|
Tiffany
Harris
|
Sanjay M.
Hurry
|
Tel:
337-278-1097
|
Main:
212-838-3777
|
tharris@fostermarketing.com
|
cuiglobal@lhai.com
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cui-global-subsidiary-orbital-gas-systems-wins-ve-technology-order-from-major-us-gas-network-and-infrastructure-company-300900336.html
SOURCE CUI Global, Inc.