CUI Global, Inc. Reports Record New Sales Orders of $5,380,000 in August for
the Second Consecutive Record Sales Month This Quarter
TUALATIN, Ore., Sept. 6, 2012
TUALATIN, Ore., Sept. 6, 2012 /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, CUI, Inc., a provider of
electromechanical components, posted the second consecutive month of record
bookings equaling $5,382,219 in new sales orders during August 2012.
(Logo: http://photos.prnewswire.com/prnh/20120320/FL72629LOGO )
In addition, CUI's sales order backlog as of August 31^st 2012 was $14.6
million. This represents a $5.4 million increase from the $9.2 million sales
order backlog at December 31, 2011, a percentage increase of 58%. These two
figures (monthly bookings & sales backorders) also represent record historical
performance for CUI, eclipsing all previous monthly totals during the
company's almost 23-year history.
"Combining this record sales month in August with the record sales last month
results in more than $10,000,000 in new sales orders for the first two months
of this Third Quarter," commented CUI Global's president & CEO, William
Clough. "While these performance numbers still reflect no substantial
revenues from our Vergence ®, Novum ®, or Solus ® Technologies, the numbers do
evidence CUI's ability to close OEM business, a continuing trend which we are
confident will lead to a growth year for FY 2012," Clough concluded.
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
About CUI Inc.
CUI Inc. is a technology company dedicated to the development,
commercialization, and distribution of new, innovative electro-mechanical
products. Over the past 20 years, CUI has become a recognized name in
electronic components worldwide in the areas of power, interconnect, motion
control, and sound. CUI's solid customer commitment and honest corporate
message are a hallmark in the industry. CUI is a wholly owned subsidiary of
CUI Global, Inc. For more information, please visit www.cui.com.
For more information, please visit www.cuiglobal.comand www.cui.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
SOURCE CUI Global, Inc.
Contact: Media Contact - Maggie Lefor, CUI Global, Inc., Main:
+1-503-612-2300, email@example.com; Investor Relations - Nicholas J. Clough,
IR Coordinator, CUI Global, Inc., Main: +1-503-612-2317, Cell:
+1-971-344-0111, firstname.lastname@example.org; Outside IR contact - John
Baldissera, BPC Financial Marketing, 1-800-368-1217
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