TUALATIN, Ore., May 29, 2013 /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 its wholly-owned subsidiary, Orbital-UK, and its worldwide distribution partner, BWG/Blue Flame, will present and exhibit at the upcoming International Natural Gas Symposium 2013 (INGAS 2013) show to be held on May 29-30, 2013 in Istanbul, Turkey.
First organized by Turkey's leading natural gas distributor, Istanbul Gas Distribution Company (IGDAS), in 2005, INGAS is one of the most broadly-participated organizations in the natural gas industry. The industry's leading companies from as many as 25 countries are expected to attend and participate in INGAS 2013, where incomparable sectoral issues such as the general view of energy in the world, latest R&D in the natural gas industry and new technologies will be discussed and presented.
CUI Global's Lead Engineer, Terry Williams, has been personally invited by the INGAS Organizing Committee to be a "Distinguished Speaker" at the event. Mr. Williams will be presenting a 'White Paper' regarding the GasPT2 Technology and GasPTi device. The presentation will describe the design, development, certification, testing, field trials and implementation of the GasPT2 Technology across Europe and the Americas.
Mr. Williams, a 40-year Chartered Engineer with experience at, among others, British Gas, BG Technology, National Grid, Advantica and GL Nobel-Denton, managing the development and implementation of new technology for offshore and onshore gas processing, transmission and utilization, has an international reputation and is highly regarded in the specialized field of natural gas metering. He was one of the original designers of the GasPT2 Technology and is a Fellow of the UK Institution of Gas Engineers & Managers. Mr. Williams has also served as Vice-Chairman of GERG – the European Gas Research Group.
In conjunction with the show and Mr. Williams' presentation, CUI Global's worldwide distribution partner, BWG/Blue Flame, will be holding a reception at the host hotel, Grand Hotel Tarabya, to individually present the GasPTi device to some of the industry's leading professionals.
As explained by Blue Flame's chief executive officer, Patrick Campos, "Our appearance at this prestigious event with Terry [Williams] and the Orbital Team will significantly further our efforts to penetrate this very strategic Turkish gas market. In addition, we expect representatives from such important natural gas and energy markets as Germany, Austria, USA, Belgium, Bosnia-Herzegovina, China, Denmark, France, India, the Netherlands, Hong Kong, United Kingdom, Switzerland, Japan, Canada, Korea, Saudi Arabia, Serbia, Kosovo, Macedonia, and more to be in attendance at the symposium."
"The great interest demonstrated by the Ministry of Energy of Turkey, as well as by several leading private natural gas companies and the preeminent natural gas equipment testing laboratory in Turkey, further validates the GasPT2 Technology and helps ensure its eventual implementation by this key market and strategic region in the Eurasian natural gas industry," concluded Campos.
According to Bilal Aslan, IGDAS's general manager, "The forthcoming symposium to be held by IGDAS in May 2013 in Istanbul will again huddle together the top level representatives of natural gas and energy institutions and enterprises of various countries and executives of the private sector. We suppose that this symposium, where opinions regarding energy and natural gas strategies and investment opportunities are to be presented, will be a cardinal data resource at international scale."
CUI Global's president & chief executive officer, William Clough, stated, "Orbital-UK and Blue Flame will have a significant presence at INGAS 2013 this year. It is a great opportunity for us to present the latest from our GasPTi product line to industry professionals and to showcase its dramatic economic and technical advantages. The Symposium will provide the Company with an opportunity to directly present the technical benefits of its GasPTi device to some of the natural gas and energy industry's leading players."
May 29-30, 2013
The Grand Hotel Tarabya
For more information about the conference, please visit: INGAS 2013
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.
Orbital-UK is the largest natural gas systems integrator in the U.K. For over 25 years, Orbital 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 Vergence® GasPT2 device, offers natural gas operators and users a comprehensive engineering array for the next generation of energy metering systems.
For more information, please visit www.orbital-uk.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.