CUI Global's Subsidiary, Orbital Gas Systems Ltd., Announces Expanded
Relationship with Yokogawa United Kingdom Ltd.
TUALATIN, Oregon, April 16, 2014
TUALATIN, Oregon, 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.
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
About Orbital-UK 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 Commission.
Contact: Media: CUI Global, Inc., Maggie Lefor, Main: +1-503-612-2300,
firstname.lastname@example.org, or Outside IR contact: Stonegate Securities, Casey
Stegman, +1-214-987-4121, email@example.com, or Genesis Select, Budd
Zuckerman, President, firstname.lastname@example.org, or Matthew Selinger,
Principal, email@example.com, +1-303-415-0200
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