CUI Global's Subsidiary, CUI Inc., Significantly Expands Novum® Advanced Power Portfolio in 2012
TUALATIN, Ore., Dec. 19, 2012 /PRNewswire/ --CUI Inc, a subsidiary of CUI Global, Inc. (NASDAQ: CUI), announced that it significantly expanded its Novum® Advanced Power portfolio in 2012, adding 4 new product families covering isolated and non-isolated power products. From the 4 families, 36 individual models will be released to production in the first half of 2013, along with a unique graphical user interface to support the products. The new modules have been developed to address the growing power complexities of applications in the networking and cloud computing space, providing unprecedented performance to system architects developing equipment for these markets. The expansion of the Novum roadmap culminated in CUI's recent attendance at electronica 2012 in Munich Germany, where they announced the release of the class-leading NDM2Z family of digital point of load dc-dc modules and demonstrated a fully digital power system utilizing a mix of Novum Advanced Power solutions. Electronica covers all industry segments, from components and systems to applications and services. With some 72,185 visitors; 2,578 exhibitors; 142,500 square meters of exhibition space in 12 halls; and 541 journalists, it is the benchmark exhibition in the electronics industry.
"The expansion of our Novum product portfolio and the excitement it generated at electronica 2012 is yet another milestone in our transformation of the company into a 'high-tech' leader in the electronics and power supply industry," stated William J. Clough, President and CEO of CUI Global.
"We will continue these efforts in expanding our product lines; increasing our partnership with industry leaders; and escalating our reach and penetration into new customers and new markets," 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 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.
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.