- Follows Orbital's Recent Addition to Customer's Preferred Vendor List -
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.
SOURCE CUI Global, Inc.