CUI Global's Subsidiary, Orbital Gas Systems Ltd., Announces Expanded
Relationship with Yokogawa United Kingdom Ltd.
TUALATIN, Ore., April 16, 2014
TUALATIN, Ore., April 16, 2014 /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, effective April 2, 2014, its wholly owned subsidiary, Orbital
Gas Systems Ltd., has reached an agreement to expand its relationship to
provide system integration capability to Yokogawa (UK) Ltd (www.yokogawa.com)
for its products.
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The initial agreement between Yokogawa (UK) Ltd and Orbital-UK, announced
November 6, 2013, gave increased weight to Orbital-UK's ever growing
versatility and ability to work in new industry areas and with new partners
and clients. That agreement called for Orbital-UK to supply various systems
encompassing Yokogawa instruments to its customers in the UK.
Now, based on Orbital-UK's performance and capabilities, that agreement has
been formalized and expanded with Yokogawa (UK) Ltd. The expansion of this
relationship is a testament to Orbital-UK's 30 years of experience in
providing innovative engineering solutions and its ability to consistently
deliver projects on time, within budget and with unrivalled build quality.
Those qualities, coupled with Yokogawa's diverse and large range of high
quality products, will ensure that end-users receive an engineered solution to
meet their process requirements.
"We are very enthusiastic about our relationship with Yokogawa and their
decision to expand the scope of that relationship by appointing Orbital as a
system integration partner," commented CUI Global's president & CEO, William
Clough. "This expansion reinforces our successful commitment to our customers
and their individual needs and requirements."
Neil Stuchbury, Orbital-UK's sales director added, "This expanding partnership
with Yokogawa is an excellent example of our ambition to extend our portfolio
in supporting industry-leading clients like Yokogawa (UK) Ltd. The continuing
partnership with Yokogawa also emphasizes Orbital's expertise, ambition and
"Yokogawa is recognized as a leading supplier of industrial automation
solutions including our analysis product range, particularly the innovative
GC8000 process gas chromatograph. This exciting partnership with Orbital
enables us to provide our customers with enhanced solutions by utilizing the
combined expertise of both companies," explained Peter Cologne, Yokogawa
(UK)'s Northern Area Sales Manager.
"This expanded relationship with Yokogawa (UK) Limited demonstrates the
continuing value of the Orbital-UK acquisition. We believe that, as we expand
Orbital-UK's global market presence with partners like Yokogawa, along with
the impact of the VE-Probe and GasPT2 Technologies, that acquisition will only
increase our ability to grow and enhance shareholder value in the future,"
About CUI Global, Inc.
Delivering Innovative Technologies for an Interconnected World . . . . .
CUI Global, Inc. is a publicly traded company dedicated to maximizing
shareholder value through the acquisition and development of innovative
companies, products and technologies. From Orbital Gas Systems' advanced
GasPT2 platform targeting the energy sector, to CUI Inc's digital power
platform serving the networking and telecom space, CUI Global and its
subsidiaries have 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. But most importantly, a commitment to conduct
business with a high level of integrity, respect, and philanthropic dedication
allows the organization to make a difference in the lives of their customers,
employees, investors and global community.
For more information please visit www.cuiglobal.com
Orbital-UK is the largest natural gas systems integrator in the U.K. For over
25 years, Orbital has developed its portfolio of products, services and
resources to offer a diverse range of personalized gas engineering solutions
to the gas utilities, power generation, emissions, manufacturing and
automotive industries. Orbital-UK's internationally recognized expertise in
the natural gas industry, including bringing together the patented
VE-technologywith the ground-breaking GasPT2 device, offers natural gas
operators and users a comprehensive engineering array for the next generation
of energy metering systems.
For more information, please visit www.orbital-uk.com.
About Yokogawa Electric Corporation
Yokogawa's global network of 88 companies spans 55 countries. Founded in 1915,
the $4.0 billion (USD) company conducts cutting-edge research and innovation.
With its more than 19,000 employees worldwide, Yokogawa is engaged in the
industrial automation and control (IA), test and measurement, and other
businesses segments. The IA segment plays a vital role in a wide range of
industries including oil, chemicals, natural gas, power, iron and steel, pulp
and paper, pharmaceuticals, and food.
For more information, please visit www.yokogawa.com.
About Yokogawa United Kingdom Ltd.
Yokogawa United Kingdom Ltd., a wholly owned subsidiary of Yokogawa Europe BV,
part of the global Yokogawa Electric Corporation, is a supplier of enterprise
technology solutions to the process, manufacturing and utility sectors. The
company is a technology and market leader in instrumentation and control, and
holds many key patents and national and international approvals.
For more information, please visit www.yokogawa.com/uk .
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.
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