TUALATIN, Ore., April 12, 2016 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned United Kingdom energy subsidiary, Orbital Gas Systems Ltd. ("Orbital"), has successfully completed the Factory Acceptance Test ("FAT") of its GasPT® analyzers by Europe's largest natural gas transmission company, Snam Rete Gas ("SRG"). The FAT was performed at the laboratory of Orbital's Italian distribution partner, Socrate S.p.A., in its Milan, Italy facility. Representatives from Orbital, Socrate, and SRG were all present for the FAT. Prior to the formal FAT, the GasPT was exhaustively tested with sample/network gases and under varying conditions; the results were uniformly outstanding.
With this successful FAT, Orbital and its parent, CUI Global, have again proven that the GasPT technology is not a 'paper tiger;' it works without any shortcoming or restriction. Once more, Orbital raises the bar for natural gas monitoring, data acquisition, and process control. The FAT was conducted on a fully integrated GasPT system designed to simulate field conditions across the Italian pipeline network.
The GasPT analyzer provides a low cost solution to measure gas quality. When connected to a natural gas system, the GasPT analyzer affords the operator (in this instance SRG) a fast, accurate, close to real-time measurement of physical gas properties such as thermal conductivity, speed of sound and carbon dioxide content. From these measurements the device infers an effective gas mixture comprising five components: methane, ethane, propane, nitrogen, and measured carbon dioxide and then uses ISO6976 to calculate, among other things, the gas quality characteristics of calorific value (CV), Wobbe index (WI), relative density (RD), and compression factor (Z).
Orbital and Socrate are currently the sole providers of analytics for the SRG gas quality analyzer project, which encompasses the deployment of 3,300 analyzers across the 33,000 kilometer Italian pipeline system. Orbital has already shipped over 100 units pursuant to a recently issued purchase order for 400 GasPT analyzers by SRG. Now that the FAT has been successfully completed, those units will be integrated and installed throughout the Italian system, allowing SRG to more accurately monitor the quality of the natural gas throughout its pipeline network.
Coincidentally, last week also marked the two year anniversary of the installation of the GasPT field trial analyzers by SRG – all of which have performed flawlessly. Those units required neither calibration nor maintenance during the entire twenty-four month period.
Immediately following the FAT, Nicola Giorgio Sorrentino, Socrate's Chief Executive Officer, said, "Today is a significant milestone on our journey to deliver the GasPT analyzers to Snam Rete Gas and it really shows the momentum that there is behind this programme. The GasPT will be the backbone of Snam's new metering system, providing accurate, real-time data in a manner not previously available with existing instruments."
William Clough, CUI Global's President & CEO, explained: "Successful completion of the factory acceptance test is a significant achievement for everyone involved with the GasPT and the gas quality analyzer project. We are extremely proud that our GasPT analyzers will be providing the critical analytical data to Snam and we look forward to working with Snam Rete and Socrate as this project proceeds."
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 GasPT2 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 Ltd.
Orbital Gas Systems Ltd ("Orbital-UK") is the largest natural gas systems integrator in the United Kingdom. For over 30 years, Orbital-UK 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-UK's internationally recognized expertise in the natural gas industry, including bringing together the patented VE-technology with the ground-breaking GasPTi device, offers natural gas operators and users a comprehensive engineering array for the next generation of energy metering systems. Orbital-UK is a wholly owned subsidiary of CUI Global, Inc.
For more information, please visit www.orbitalgassystems.com.
About Snam Rete Gas
Snam Rete Gas is the leader in Italy in the transport and dispatching of natural gas, where it features excellent skills in terms of technology, research and safety.
Since seventy years the company has been planning, building and managing a network which today reaches round 33,339 km and extends across most of Italy: an integrated system which has been realized by safeguarding environment and territories it passes through. The extension of this network also includes environmental restorations, an activity which is peculiar of the company's sustainability policy.
Snam Rete Gas is a company of Snam, an integrated, top player in gas regulated activities in Italy and Europe's leading company in terms of regulated asset base (RAB). Listed on the Milan Stock Exchange, Snam operates in natural gas transport and dispatching through Snam Rete Gas, re-gasification through Gnl Italia, storage through Stogit and city distribution through Italgas.
For more information, please visit www.snamretegas.it.
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.