TUALATIN, Oregon, Sept. 17, 2014 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative products and technologies, today announced that its wholly owned subsidiary, Orbital Gas Systems Ltd., through its products division, Orbital Global Solutions ("OGS") has signed a Distribution Agreement with Branom Instrument Co. (www.branom.com), a natural gas equipment distribution company based in Seattle, WA. The Agreement calls for distribution of CUI Global's patented natural gas technology, including the GasPT, the GasPTi and its VE Technology. Specifically, the agreement gives Branom exclusive distribution rights for sale of the devices in the Northwestern United States, including: Washington, Oregon, Idaho, and certain counties within western Montana.
Branom Instrument Co. is committed to complete customer satisfaction offering the highest quality products, service, repair and calibration available. Branom strives to be the best business of this type and continually works to achieve a higher level of quality through their Quality Management Program. Every employee is charged with the responsibility to meet customer requirements and to continually improve the quality of each and every action in keeping with Branom's objectives. Employee development through involvement, training, and effective communication are universally agreed upon as the essential ingredients for complete customer satisfaction. Branom is committed to continued compliance with the ANSI/NCSL Z540-1-1994 standard. They bring a wealth of experience and credibility to OGS and its proprietary portfolio of unique natural gas products.
The agreement calls for Branom to initially purchase as many as twelve (12) GasPTi-P devices for both customer demonstration and inventory.
CUI Global's President & CEO, William Clough, commented, "The agreement with Branom Instruments is a yet another step towards our sales & marketing strategy of developing a distribution network in North America and Europe. With more than 65 years of experience in the energy industry, Branom, much like Ives Equipment Corporation in the Northeast, brings long-established connections, a world-class sales team and a sterling reputation within the North American energy market. Moreover, Branom is committed to rapidly placing our technology using its extensive network of energy professionals, end users, and regulatory authorities in the Northwest United States; thus, enabling us to present and sell our devices to a broad customer base in a highly strategic and targeted fashion."
Branom's Sales Manager, Jeffrey Baker, stated, "We are excited to be CUI Global's and Orbital Global Solution's distribution partner for their technology in the Northwest. We believe in the unique and dynamic nature of the GasPT2, VE Technology, and other OGS products and we believe that those products can and will make a significant impact in the North American Natural Gas Industry."
"We are quite confident that Branom Instruments, like Ives Equipment and Benchmark Engineering in Canada, is the right partner and will begin to immediately introduce this ground breaking technology to new customers in North America – all leading to increased revenues and, thereby, increased value for CUI Global and its Shareholders," Clough concluded.
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 GasPT2 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 Ltd.
Orbital Gas Systems Ltd ("Orbital-UK") is the largest natural gas systems integrator in the United Kingdom. For over 25 years, Orbital-UK 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-UK's internationally recognized expertise in the natural gas industry, including bringing together the patented VE-technology with the ground-breaking GasPTi device, offers natural gas operators and users a comprehensive engineering array for the next generation of energy metering systems. Orbital-UK is a wholly owned subsidiary of CUI Global, Inc.
About Branom Instruments Co.
Branom Instrument Company has been privileged to earn your business and our expert staff is available to help solve your application issues, review your processes, and make recommendations that will solve problems. Our continuing goal is to provide the best products and services available to satisfy your requirements. Our warehouses are stocked with thousands of products to be able to rapidly meet your needs.
We also maintain state-of-the-art repair facilities for the process control instrumentation as well as test and measurement equipment. Our highly trained technicians repair and calibrate mechanical and electrical controllers, pressure gauges and switches, transmitters, transducers, thermometers, thermocouples, RTD, tank level indicators and recorders. We also repair and calibrate analog and digital millimeters, VOM's and AMP clamps.
For more information, please visit www.branom.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.
SOURCE CUI Global, Inc.