- Nascent, Ongoing Penetration of Customer with Sizeable
Natural Gas Assets -
HOUSTON, Sept. 3, 2019 /PRNewswire/ -- CUI Global,
Inc.'s (NASDAQ: CUI) wholly-owned Energy subsidiary, Orbital Gas
Systems ("Orbital" or the "Company"), announced that it has
received orders to supply GasPTi systems for deployment across
multiple natural gas plants by one of the largest U.S.-based
producers and transporters of energy. These orders, part of a
nascent, ongoing roll-out of GasPTi across the customer's extensive
natural gas assets, will be utilized to deliver operating and
environmental improvements and practically eliminate ongoing costs
associated with maintenance and natural gas consumption at certain
customer facilities.
GasPTi, a complete, integrated sampling and analysis system that
includes Orbital's proprietary GasPT analyzer and VE Technology
sampling system, delivers a unique and revolutionary method to
almost instantly and accurately determine natural gas quality in a
cost-efficient manner. A build-to-stock product that can be
installed in hours, GasPTi also meets the customer's stringent
delivery timeline requirements that legacy technology-based gas
chromatography and conventional sample systems cannot meet.
"These orders validate GasPTi as a process control device by an
industry standard-bearer that should further elevate our profile
within the natural gas industry," stated William Clough, chief executive officer and
president of CUI Global. "Given the customer's substantial natural
gas footprint and their preference for our system, we are
well-positioned to secure additional orders in the
future."
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
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