CUI Global, Inc. Announces Receipt of a North American Purchase Order for
Delivery of 150 Vergence® GasPT2 Metering Devices
Energy Measurement Consulting LLC to introduce Vergence Technology at
POWER-GEN International in Orlando, Florida
TUALATIN, Ore., Dec. 11, 2012
TUALATIN, Ore., Dec. 11, 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 it has received a purchase order from Energy Measurement Consulting
LLC (EMC), its North American distributor based in Houston, Texas, for 150
Vergence® GasPT2 Devices.
(Logo: http://photos.prnewswire.com/prnh/20120320/FL72629LOGO )
CUI Global's President & CEO, William J. Clough, stated, "This purchase order
from EMC demonstrates their confidence in the Vergence product and their
ability to sell the device."
EMC is introducing the Vergence product at POWER-GEN International, being held
in Orlando, Florida from December 11^th through the 13^th. The POWER-GEN
International trade show is dedicated to providing the power generation
industry with networking, new product introduction, "problem-solving" seminars
Recognized as one of the top 200 largest tradeshows in the U.S., POWER-GEN
International includes over 1,200 exhibiting companies and more than 20,000
qualified power generation professionals. It is an internationally recognized
showcase for products and services such as controls and instrumentation
systems for the Natural Gas Turbine Industry. For more information, please
As explained by EMC's president, Brian McKenzie, "This initial purchase order
coupled with our appearance at POWER-GEN International will allow us to
present and deliver the GasPT2 device to the world's largest, most influential
gas turbine manufacturers and operators all in one venue. We are very
confident that these industry professionals will immediately recognize the
value of this unique technology."
"The purchase order from EMC demonstrates the company's continuing effort to
penetrate the natural gas market with what we believe is a 'sea change'
technology," Clough continued. "Our Vergence GasPT2 metering device allows
the natural gas operator/producer to manage changing gas quality in
'real-time' with a device (the GasPT2) that is cheaper, faster, more
efficient, almost maintenance-free, and just as accurate as currently
available technologies," 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 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.
For more information, please visit www.cuiglobal.comand www.cui.com.
About Energy Measurement Consulting LLC
Energy Measurement Consulting was created to provide the natural gas,
pipeline, and gas combustion power industries with a reliable source for gas
quality measurement. As an authorized North American distributor of the
Vergence GasPT2 system, Energy Measurement Consulting combines a network of
natural gas professionals dedicated to providing innovative products and
consulting services. The revolutionary GasPT2 is an instrument to provide fast
and accurate, real-time monitoring of the caloric value and relative density
of natural gas in the pipeline.
For more information, visit www.energymeasurement.net.
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: Maggie Lefor, +1-503-612-2300, firstname.lastname@example.org; or Investor
Relations, IR Coordinator, Nicholas J. Clough, +1-503-612-2317, Cell
+1-971-344-0111, email@example.com; or BPC Financial Marketing, John
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