CUI Global, Inc. Announces Formal Approval of its Vergence® GasPT2 Metering Device by the Polish National Oil and Gas Central Testing Laboratory

TUALATIN, Ore., Dec. 4, 2012 /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 the Final Test Report from the Polish Oil & Gas Department Central Testing and Calibration Laboratory in Warsaw ("CLPB") has been released.  After extensive testing, the report formally approves the Vergence® Natural Gas Metering Device (GasPT2) for "on-line usage" at all levels of the Polish Natural Gas Network.

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During the five month test, CLPB considered, among other things, the variable and, at times extreme, Polish climate and the quality diversity of natural gas in Poland.  The test results were and are quite consistent with all other tests conducted using the device.  In sum, the CLPB found that the Vergence device met or exceeded all of the advertised specifications. 

Specifically, in Section III "Conclusions," the report notes that:

  • The GasPT2 performed properly and accurately for gases "containing nitrogen content even up to 35%" (Section III.4);
  • "There were no errors found in the GasPT2 readings related to gas containing sulfur compounds typical for Polish gas network" (Section III.7);
  • Even in emergency situations, there "were no errors found in GasPT2 readings related to different readings of water dew point temperatures (WDP)" (Section III.8);
  • The GasPT2 response time is "very short . . . much shorter than modern fast gas chromatographs" and there is "no 'memory effect' of previous gas . . . . due to the small internal volume of the device" (Section III.10) and,
  • The GasPT2 device "estimates correctly the values of physicochemical parameters in accordance with the ISO 6976 algorithm" (Section III.11).

The report concluded by stating that, "in situations where the values of physicochemical values are relevant, from technical point of view the GasPT2 can be a substitute or supplement for chromatographic system, especially for 'on line' gas chromatographs." (Section III at pg. 7).

CUI Global further confirmed that its Lead Engineer, Terry Williams, and other company representatives have been invited to meet with CLPB and representatives from the Polish National Gas Transmission Operator, GAZ-SYSTEM S.A., in early January to discuss implementation of the technology on the Polish Natural Gas Network.

The full report can be found on our website at the following link: 
http://cuiglobal.com/Portals/CUIGlobal/Documents/GasPT2-ENG.pdf

About CUI Global, Inc.

Delivering Innovative Technologies for an Interconnected World . . . . .

CUI Global is a publicly traded platform company dedicated to maximizing shareholder value through the acquisition and development of innovative companies and technologies. From its Vergence GasPT2 platform targeting the energy sector, to its subsidiary CUI Inc.'s industry leading digital power platform targeting the networking and telecom industries, CUI Global has 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. CUI Global prides itself on operating with the same level of integrity, respect, and philanthropic dedication that was put in place by CUI Inc.'s founder more than 20 years ago. It is these values that allow the company to make a difference in the lives of their customers, their community, their employees, and their investors. Recently, a move was made to merge and streamline resources with its subsidiary CUI Inc. in order to create a unified, international brand that now positions CUI Global for further strategic expansion.

About CUI, Inc.
CUI Inc is a technology company dedicated to the development and distribution of electro-mechanical products. Their broad power and component product portfolios allow customers to address design challenges across a range of industries and applications. Built on a solid foundation of core operating principals, CUI seeks to maximize value for customers through their engineering, manufacturing, and supply chain capabilities. As an industry leader, CUI continues to invest in the future through new technologies, talented employees, expanded manufacturing capabilities, and a growing global reach.

For more information, please visit www.cuiglobal.com and www.cui.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.



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