CUI Global Subsidiary Orbital Gas Systems Awarded GasPTi Order for Biomethane Applications from One of Europe's Largest Industrial Manufacturers

HOUSTON, July 18, 2018 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned energy subsidiary, Orbital Gas Systems ("Orbital" or the "Company"), received an initial order for its GasPTi analyzers from one of Europe's largest industrial manufacturing companies, which plans to deploy the GasPTi analyzers in its biomethane-to-grid solution. 

GasPTi combines two patented gas technologies – GasPT® analyzer and VE Technology® sample probe and system – to create a unique and revolutionary method to accurately and almost instantly determine natural gas quality in a cost-efficient manner. This initial order for two GasPTi devices is the beginning of a significant roll-out of the technology by this iconic European energy infrastructure provider.

"We are pleased that this highly-regarded industrial company has, through its initial order, demonstrated confidence in the effectiveness of our proprietary gas technologies as a direct replacement to its legacy gas analyzer systems," stated William Clough, president and CEO of CUI Global. "As the energy industry moves to meet future lower-carbon energy requirements, we are uniquely positioned to offer technologies and solutions that allow for the analysis of biogas across a greater variety of caloric values and at reduced costs than legacy solutions. Building on this order, we aim to make our gas technologies the de facto standard for gas analysis in the biomethane industry."   

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 GasPT® platform targeting the energy sector, to CUI Inc.'s advanced 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

Orbital Gas Systems, (Orbital) has offices located in the United Kingdom and Houston, Texas. 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 GasPT 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. 

For more information, please visit: www.orbitalgas.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.

View original content with multimedia:http://www.prnewswire.com/news-releases/cui-global-subsidiary-orbital-gas-systems-awarded-gaspti-order-for-biomethane-applications-from-one-of-europes-largest-industrial-manufacturers-300682285.html

SOURCE CUI Global, Inc.