CUI Global, Inc. Announces Inclusion of its Patented Vergence® Natural Gas
Metering Device into Industry Leading OPTA-PERIPH's ISOSAMPLE 8100 Liquid
Natural Gas Sampling and Vaporization System
TUALATIN, Ore., Jan. 15, 2013
TUALATIN, Ore., Jan. 15, 2013 /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 it has finalized an agreement with French company, OPTA-PERIPH,
allowing OPTA-PERIPH to incorporate the Vergence® GasPT2 device into their
industry leading, patented Liquid Natural Gas ("LNG") Probe & Vaporizing
Units. The combination of these two unique technologies will result in a
real-time, cost effective LNG Quality Tracker, with features that are
currently unavailable in the marketplace.
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OPTA-PERIPH will brand the Vergence unit as the "Ex-Situ Real Time Continuous
Analyzer" and combine it in a package with its proprietary LNG probe and
vaporizing units. The resulting super-insulation system is designed as a cost
effective package for real-time LNG Quality Tracking that improves metering
response time and uncertainty over current gas chromatograph energy
calculation methods. The system is simple, easily handled, and completely
integrated; with no requirement for preventive maintenance or calibration.
As explained by OPTA-PERIPH president, Pierre Barere, "The global LNG industry
has seen dramatic growth since the late 2000's and OPTA-PERIPH has been widely
recognized as the World Leader for supplying its patented LNG Integral
Sampling and Vaporization System Series, the ISOSAMPLE 8100. The device
provides a fully representative sample of the LNG transferred, now including
processing and treatment of the online Vergence® GasPT2 device measurements,
giving the LNG Terminal Operator reliable, robust, and accurate LNG Quality
LNG quality is essential to determine the amount of energy transferred for
fiscal metering, custody transfer, and other purposes. Determination of
energy is accomplished by means of a complex, patented process and
calculations provided by the Vergence® GasPT2 measured parameters.
LNG Plant Applications for the ISOSAMPLE 8100 will include:
oRe-condenser outlet for Wobbe and CV measurements;
oExport boil-off gas ("BOG") line to the network – blending BOG with
natural gas to meet gas quality specification is required within a short
oBallasting control feedback analyzer for efficient liquid N2 injection;
In addition, OPTA-PERIPH will use the Real Time and Cost Effective LNG Quality
Tracker to target the middle and small scale LNG production operators
beginning to emerge throughout the World (including production of
vehicle-grade fuel) as both worldwide demand and supply of natural gas
OPTA-PERIPH expects to begin marketing the Real Time and Cost Effective LNG
Quality Tracker package immediately and has already begun marketing
announcements throughout the LNG community.
"This arrangement with a respected natural gas technology company like
OPTA-PERIPH is yet another milestone in the industry acceptance of our
patented Vergence Gas Metering Technology," explained CUI Global's president &
CEO, William Clough. "We look forward to a long and profitable relationship
with OPTA-PERIPH and welcome this introduction into the LNG marketplace as
part of such a unique process/control package."
Similarly, OPTA-PERIPH's president, Pierre Barere, concluded by stating that,
"This combination of innovative technologies between our company and CUI
Global will extend and enhance the functionality and efficiency of any size
LNG terminal process control – small, medium, or large – It will allow
OPTA-PERIPH to supply a unique control processing device to the industry,
using technology that is simply not available from anyone else."
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.
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 Contact: CUI Global, Inc., Media Contact: Maggie Lefor,
+1-503-612-2300, email@example.com; Investor Relations: CUI Global, Inc., IR
Coordinator: Nicholas J. Clough, +1-503-612-2317, Cell: +1-971-344-0111,
firstname.lastname@example.org; Outside IR contact: BPC Financial Marketing, John
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