CUI Global, Inc. Acquires Privately Held Natural Gas Advanced Technology Company, Orbital Gas Systems Limited, for pounds 17.0

   CUI Global, Inc. Acquires Privately Held Natural Gas Advanced Technology
Company, Orbital Gas Systems Limited, for pounds 17.0 Million ($26.2 million)

PR Newswire

TUALATIN, Ore., April 22, 2013

TUALATIN, Ore., April 22, 2013 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI),
a platform company dedicated to the acquisition, development, and
commercialization of new, innovative technologies, today announced that,
effective Thursday, April 18, 2013, it has closed on its acquisition of 100%
of the capital stock of Orbital Gas Systems Limited ("Orbital-UK"), a United
Kingdom-based provider of natural gas infra-structure and advanced technology,
including metering, odorization, remote telemetry units ("RTU") and a diverse
range of personalized gas engineering solutions to the gas utilities, power
generation, emissions, manufacturing and automotive industries.

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Effective immediately, Orbital-UK will become a wholly owned subsidiary of CUI
Global. Andrew Ridge will continue as the managing director of Orbital-UK.
William Clough will remain as president and CEO of CUI Global, and assume the
role of CEO of Orbital-UK. CUI Global does not expect any organizational
changes to Orbital-UK's operations in the United Kingdom or elsewhere.

The acquisition offers significant synergies for revenue growth. Orbital-UK's
internationally recognized expertise in the natural gas industry, including
bringing together the patented VE-technologywith the Vergence® GasPT2 device
from CUI Global offer natural gas operators/users a comprehensive solution set
for the next generation of energy metering systems.

In addition, Orbital-UK's in-house engineering capabilities, manufacturing
relationships, and R&D infrastructure are expected to accelerate the adoption
of the GasPTi device, while allowing the company to control all calibration,
packaging, delivery, engineering support and more within the Orbital-UK
facilities; thus allowing CUI Global to capture an even larger percentage of
operating margins from the final, packaged device – Anticipated cost synergies
include leveraging existing sales and distribution infrastructure for
cross-selling opportunities. The acquisition will also immediately add
significant revenues and earnings to CUI Global.

The acquisition was concluded with a portion of the proceeds of a $48.3
million follow-on offering the company recently completed with the assistance
of Craig-Hallum Capital Group LLC (acting as sole book-running manager of the
offering) and Merriman Capital, Inc. (acting as co-manager of the offering).
Following the acquisition and associated costs of the raise, the company will
have more than $20,000,000 or $1.00 per share in cash and cash equivalents
available for marketing, sales, R&D, and other working capital needs.

"This transaction effectively positions CUI Global for even more accelerated
growth," explained William Clough, CUI Global's president & CEO. "Orbital-UK's
talent base of technical employees and their world-class engineering and
support team, not to mention their sterling reputation within the natural gas
industry, will enable us to speed market adoption of our combined GasPTi
device; while CUI Global's established network of global distributors will
allow Orbital-UK to market its broad portfolio of natural gas products to a
much larger audience."

"This is a very significant company milestone for Orbital," explained
Orbital-UK's managing director, Andy Ridge. "With the combination of these two
companies we will now be able to expand our programs and services for our
existing customer base, as well as pursue growth opportunities across a much
broader market. As part of a global entity, we expect enhanced visibility in
the market and heightened awareness for our company offerings. Further, the
addition of the Vergence GasPT2 technology to our current product line is
expected to increase our ability to penetrate new markets and thereby grow our
core business."

Since it was formed in 1984, Orbital-UK has focused its attention on providing
superior customer service, advanced technology solutions and a dedication to
product quality unequaled in the natural gas industry. Orbital-UK's
customers, including National Grid (the national gas transmission company for
the UK), all of the UK's gas distribution networks, and others such as Jaguar
Motor Cars, BMW, and more, have come to rely on its team of talented and
knowledgeable employees for crucial engineering support and specialized
knowledge. Its value-added services and innovative products reduce the time
it takes to identify, design and begin cost effective delivery of new
technology to the natural gas and other industries.

"The acquisition of Orbital-UK, with the associated increase in revenues,
earnings and working capital, and the dramatic increase in our ability to
penetrate the natural gas market, while capturing even more operational
margin, all combine to further our strategy of making opportunistic,
synergistic acquisitions of either technology, personnel, or companies that
will increase our growth and, thereby, enhance our shareholder value – this
transaction certainly encapsulates all of those positive elements," Clough

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, digital power platform targeting
the networking and telecom industries, CUI Global has built a diversified
portfolio of 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
its customers, its communities, and its employees. 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 Inc is a technology company dedicated to the development and distribution
of electro-mechanical products. Its 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 and

About Orbital Gas Systems Ltd.
Orbital-UK is the largest natural gas systems integrator in the U.K. and is a
key partner of CUI Global for commercializing its Vergence® GasPT2 device. For
over 25 years, Orbital has developed its portfolio of products, solutions,
services and resources to offer a diverse range of personalized gas
engineering solutions to the gas utilities, power generation, emissions,
manufacturing and automotive industries.

For more information, please visit

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. Forward-looking statements,
including statements regarding the company's acquisition of Orbital-UK, the
integration of Orbital-UK, the anticipated financial results of the combined
company and the combined company's anticipated marketing and sales efforts,
are all 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, completion of the pending acquisition
of Orbital-UK and the successful integration of the two businesses, 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 Commission, including the most recent annual
report on Form 10-K.

SOURCE CUI Global, Inc.

Contact: Company: CUI Global, Inc., Media: Maggie Lefor, Main: 503-612-2300,, Investor Relations: CUI Global, Inc., Main: 503-612-2317,, or Outside IR: BPC Financial Marketing, John
Baldissera, 800-368-1217