TUALATIN, Ore., March 19, 2013 /PRNewswire/ -- CUI Inc, a subsidiary of CUI Global, Inc. (NASDAQ: CUI), today announced that their NDM2Z series digital point-of-load (POL) modules have been selected as a finalist for UBM Tech's EE Times and EDN Annual Creativity in Electronics (ACE) Awards in the Ultimate Products - Power category.
The NDM2Z series sets industry benchmarks in efficiency and current density, helping address the growing need to reduce energy usage at the board level in cloud computing and data processing applications. This is the second industry honor for CUI's NDM2Z series in recent months.
The Ultimate Products of the Year Award, awarded to the most significant product introduced in the last 12 months in 11 categories, is determined by large-scale peer review. Finalists in each category are chosen by expert editors from both EE Times and EDN with accompanying editorial reviews.
"Our contest showcases the unique best of breed products that have been brought to the market this year," said Patrick Mannion, Brand Director, EDN. "The 2013 finalists represent the execution of forward-thinking technologies and creativity that captures the imagination of consumers, illustrating the influence that electronics and embedded design professionals have on today's culture."
Mannion continued, "That being said, creativity must be coupled with practicality or good ideas will never see the light of day. Such is the case with digital power for point-of-load applications, which has tremendous potential, but is stymied by lack of standards. The NDM2Z from CUI stands tall among its peers for bringing digital POL to the masses and enabling the next generation of powered devices."
"We are honored that our NDM2Z modules have been named a finalist for this prestigious industry award," stated William Clough, President and CEO of CUI Global. "We will continue to be a leader and to push the envelope in intelligent power management products through our Novum® Advanced Power line."
This is the fourth industry recognition that CUI's Novum Advanced Power group has received in the past six months. In November, the company's NDM2P digital POL series was named to EDN's "100 Hot Products of 2012." In January CUI announced that Electronic Products had chosen the company's NSM2P "No-Bus" digital POL series as a 2012 Product of the Year. Also announced in January was the selection of the NDM2Z digital POL modules as a finalist for Design News' Golden Mousetrap Awards.
ACE Awards winners will be announced on April 23rd, additional information can be found at http://ubm-ace.com/.
About UBM Tech
UBM Tech is a global media business that provides information, events, training, data services, and marketing solutions for the technology industry. Its media brands and information services inform and inspire decision makers across the entire technology market — engineers and design professionals, software and game developers, solutions providers and integrators, networking and communications executives, and business technology professionals. UBM Tech's industry-leading media brands include EE Times, Interop, Black Hat, InformationWeek, Game Developer Conference, CRN, and DesignCon. The company's information products include research, education, training, and data services that accelerate decision making for technology buyers. UBM Tech also offers a full range of marketing services based on its content and technology market expertise, including custom events, content marketing solutions, community development and demand generation programs. UBM Tech is a part of UBM (UBM.L), a global provider of media and information services with a market capitalization of more than $2.5 billion.
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.
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.