CUI Global, Inc. Announces Receipt of a North American Purchase Order for Delivery of 150 Vergence® GasPT2 Metering Devices Energy Measurement Consulting LLC to introduce Vergence Technology at POWER-GEN International in Orlando, Florida
TUALATIN, Ore., Dec. 11, 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 it has received a purchase order from Energy Measurement Consulting LLC (EMC), its North American distributor based in Houston, Texas, for 150 Vergence® GasPT2 Devices.
CUI Global's President & CEO, William J. Clough, stated, "This purchase order from EMC demonstrates their confidence in the Vergence product and their ability to sell the device."
EMC is introducing the Vergence product at POWER-GEN International, being held in Orlando, Florida from December 11th through the 13th. The POWER-GEN International trade show is dedicated to providing the power generation industry with networking, new product introduction, "problem-solving" seminars and more.
Recognized as one of the top 200 largest tradeshows in the U.S., POWER-GEN International includes over 1,200 exhibiting companies and more than 20,000 qualified power generation professionals. It is an internationally recognized showcase for products and services such as controls and instrumentation systems for the Natural Gas Turbine Industry. For more information, please visit www.power-gen.com.
As explained by EMC's president, Brian McKenzie, "This initial purchase order coupled with our appearance at POWER-GEN International will allow us to present and deliver the GasPT2 device to the world's largest, most influential gas turbine manufacturers and operators all in one venue. We are very confident that these industry professionals will immediately recognize the value of this unique technology."
"The purchase order from EMC demonstrates the company's continuing effort to penetrate the natural gas market with what we believe is a 'sea change' technology," Clough continued. "Our Vergence GasPT2 metering device allows the natural gas operator/producer to manage changing gas quality in 'real-time' with a device (the GasPT2) that is cheaper, faster, more efficient, almost maintenance-free, and just as accurate as currently available technologies," Clough concluded.
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 focused on the development and distribution of electronic components. At the leading edge of power supply design, the organization supports customers as they strive to improve the energy efficiency and environmental credentials of their application. The company's power group is complemented by a portfolio of world-class board level components, consisting of interconnect, sound, motion control and thermal products. An unwavering commitment to create collaborative partnerships with customers and a drive to see that their design project is a success has been a hallmark of CUI's sustained growth since its founding in 1989. As a leader in the industry, CUI will continue to invest in the future through new technologies, talented employees, expanded manufacturing capabilities, and a growing global reach.
About Energy Measurement Consulting LLC
Energy Measurement Consulting was created to provide the natural gas, pipeline, and gas combustion power industries with a reliable source for gas quality measurement. As an authorized North American distributor of the Vergence GasPT2 system, Energy Measurement Consulting combines a network of natural gas professionals dedicated to providing innovative products and consulting services. The revolutionary GasPT2 is an instrument to provide fast and accurate, real-time monitoring of the caloric value and relative density of natural gas in the pipeline.
For more information, visit www.energymeasurement.net.
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.