CUI Inc and Future Electronics Sign Global Distribution Agreement
TUALATIN, Ore., Jan. 22, 2013
TUALATIN, Ore., Jan. 22, 2013 /PRNewswire/ --CUI Inc, a subsidiary of CUI
Global, Inc. (NASDAQ: CUI), today announced that it has signed a global
distribution agreement with Future Electronics, a world class leader and
innovator in the distribution and marketing of electronic components. This
agreement allows Future Electronics to leverage their experience and resources
to launch CUI's product portfolio to a global market and a diverse customer
base. In selecting Future Electronics as a global distribution partner, CUI
noted the strength of Future Electronics' demand creation programs and its
robust field support resources which will add greater reach for its Novum®
Advanced Power product line as well as its broad portfolio of standard power
supplies and board level components.
(Logo: http://photos.prnewswire.com/prnh/20120320/FL72629LOGO )
Under the terms of the agreement, Future Electronics will now begin a phased
rollout of products from CUI's Power and Components groups with stock
available immediately for many items.
"We are very pleased to be launching the CUI franchise," said Jodie Metsos,
Vice President of Corporate Product Marketing for Future Electronics. "Their
line of power supplies and board level components has had a tremendous amount
of interest from our sales and engineering teams and most importantly, our
customers. We see a very positive outlook for the Future/CUI partnership."
"As a worldwide leader in the distribution industry Future has long
distinguished itself as a first class organization in this space," said Matt
McKenzie, President of CUI. "We believe the core strengths of our companies
align very well, and we look forward to greatly expanding our market reach
through this partnership."
About Future Electronics
Future Electronics is a global leader in electronics distribution, ranking 3rd
in component sales worldwide. Founded in 1968, the company has established
itself as one of the most innovative organizations in the industry today, with
5,000 employees in 169 offices in 42 countries around the world. Future
Electronics is globally integrated, with one worldwide IT infrastructure
providing real-time inventory availability and access, while enabling full
integration of its operations, sales and marketing worldwide. Offering the
highest level of service, the most advanced engineering capabilities and
technical solutions through all stages of the design-production cycle, and the
largest available-to-sell inventory in the world, Future's mission is always
to Delight the Customer®.
For more information, visit www.FutureElectronics.com.
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. 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 expansion.
About CUI Inc
CUI 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.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 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, Main: +1-503-612-2317, Cell: +1-971-344-0111,
firstname.lastname@example.org; Outside IR contact, BPC Financial Marketing, John
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