TUALATIN, Ore., Jan. 31, 2013 /PRNewswire/ -- CUI Inc, a subsidiary of CUI Global, Inc. (NASDAQ: CUI), today announced that Design News, a leading technical publication for design engineers, has named the NDM2Z series digital point-of-load (POL) modules as a finalist for their Golden Mousetrap Awards. 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. Finalists were selected by Design News' editors and an Advisory Board of industry leaders. A winner will be announced Tuesday, February 12th.
This is the third product family from CUI's Novum® Advanced Power group to receive industry recognition in the past three months. In November, the company's NDM2P digital POL series was named to EDN's "100 Hot Products of 2012." Earlier this month CUI announced that Electronic Products had chosen the company's NSM2P "No-Bus" digital POL series as a 2012 Product of the Year.
"We are very pleased that Design News has selected our NDM2Z modules as a finalist for their annual Golden Mousetrap Awards," commented William J. Clough, President and CEO of CUI Global. "The continuing industry recognition of our cutting-edge Novum Advanced Power modules confirms CUI's leadership role in the growing field of digital power and recognizes the achievements of our power design team."
Additional information on the Golden Mousetrap Awards finalists including CUI's NDMZ2 can be found online at http://www.designnews.com/author.asp?section_id=1386&cid=Newsletters+-+DN+Daily&doc_id=257098&image_number=10.
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.
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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.
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