TUALATIN, Ore., July 25, 2016 /PRNewswire/ -- CUI Global, Inc. (NASDAQ:CUI) announced today that its wholly owned subsidiary, Orbital Gas Systems North America ("Orbital") has joined the American Biogas Council as a full member.
The mission of the American Biogas Council is to create jobs, environmental sustainability and energy independence by growing the American biogas industry (American Biogas Council).
Orbital has been an industry leader in biogas quality measurement for over 10 years in Europe and was instrumental in developing the first commercially viable bio-methane to grid installation in the United Kingdom (U.K.). Using its proprietary GasPT® analyzers, Orbital has commercialized a cost-effective, more efficient, quicker and more accurate method of ensuring that biogas meets the criteria necessary for injection into the natural gas grid systems of the U.K. and in other countries.
Jim McGinty, Orbital's Chief Technical Officer, stated, "Our unique technology and expertise in developing biogas solutions will enable us to provide a very fast, accurate, and cost-effective solution to the U.S. biogas market and our membership in the American Biogas Council will allow us to credibly publish that technology and our expertise to the North American marketplace."
"For too long, the natural gas industry has relied on measurement technology designed for other markets and simply adapted for use in biogas service. In joining the American Biogas Council, Orbital commits to solving challenging measurement issues with cutting-edge technologies throughout the natural gas industry," explained McGinty.
The deployment of renewable fuels such as biogas in the U.K. and across Western Europe has driven the adoption of Orbital's proprietary technologies and today Orbital is the industry leader for biogas quality measurement in those geographies.
"The emerging biogas market in North America represents a significant growth area for Orbital," said Nicholas Clough, chief sales officer and president of Orbital's North American Division. "We intend to follow the same path in the U.S. as we have in Europe and the U.K. as the industry moves to deploy America's biogas resources to help meet the nation's energy and environmental needs. Membership in the American Biogas Council will further our penetration of this nascent market for our solutions," Clough concluded.
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.
Orbital Gas Systems ("Orbital") is the largest natural gas systems integrator in the United Kingdom. For over 30 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'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 is a wholly owned subsidiary of CUI Global, Inc.
The American Biogas Council is committed to promoting the development of biogas markets, technologies and infrastructure; achieving policy parity with other renewables; promoting the deployment of biogas systems as a best practice to reach environmental, economic and recycling goals; and development of tools to share best practices with biogas system operators.
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.