CUI Global, Inc. Announces Formal Approval of its Vergence® GasPT2 Metering
Device by the Polish National Oil and Gas Central Testing Laboratory
TUALATIN, Ore., Dec. 4, 2012
TUALATIN, Ore., Dec. 4, 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 the Final Test Report from the Polish Oil & Gas Department
Central Testing and Calibration Laboratory in Warsaw ("CLPB") has been
released. After extensive testing, the report formally approves the Vergence®
Natural Gas Metering Device (GasPT2) for "on-line usage" at all levels of the
Polish Natural Gas Network.
(Logo: http://photos.prnewswire.com/prnh/20120320/FL72629LOGO )
During the five month test, CLPB considered, among other things, the variable
and, at times extreme, Polish climate and the quality diversity of natural gas
in Poland. The test results were and are quite consistent with all other
tests conducted using the device. In sum, the CLPB found that the Vergence
device met or exceeded all of the advertised specifications.
Specifically, in Section III "Conclusions," the report notes that:
oThe GasPT2 performed properly and accurately for gases "containing
nitrogen content even up to 35%" (Section III.4);
o"There were no errors found in the GasPT2 readings related to gas
containing sulfur compounds typical for Polish gas network" (Section
oEven in emergency situations, there "were no errors found in GasPT2
readings related to different readings of water dew point temperatures
(WDP)" (Section III.8);
oThe GasPT2 response time is "very short . . . much shorter than modern
fast gas chromatographs" and there is "no 'memory effect' of previous gas
. . . . due to the small internal volume of the device" (Section III.10)
oThe GasPT2 device "estimates correctly the values of physicochemical
parameters in accordance with the ISO 6976 algorithm" (Section III.11).
The report concluded by stating that, "in situations where the values of
physicochemical values are relevant, from technical point of view the GasPT2
can be a substitute or supplement for chromatographic system, especially for
'on line' gas chromatographs." (Section III at pg. 7).
CUI Global further confirmed that its Lead Engineer, Terry Williams, and other
company representatives have been invited to meet with CLPB and
representatives from the Polish National Gas Transmission Operator, GAZ-SYSTEM
S.A., in early January to discuss implementation of the technology on the
Polish Natural Gas Network.
The full report can be found on our website at the following link:
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 and distribution
of electro-mechanical products. Their broad power and component product
portfolios allow customers to address design challenges across a range of
industries and applications. Built on a solid foundation of core operating
principals, CUI seeks to maximize value for customers through their
engineering, manufacturing, and supply chain capabilities. As an industry
leader, CUI continues to invest in the future through new technologies,
talented employees, expanded manufacturing capabilities, and a growing global
For more information, please visit www.cuiglobal.com and 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: Company, CUI Global, Inc., Media, Maggie Lefor, +1-503-612-2300,
firstname.lastname@example.org or Investor Relations, CUI Global, Inc., IR Coordinator,
Nicholas J. Clough, +1-503-612-2317, Cell +1-971-344-0111,
email@example.com ; Outside IR contact, BPC Financial Marketing, John
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