National Grid Adopts CUI Global Inc.'s IRIS® Software for Improved Monitoring
and Control of its Natural Gas Transmission System
TUALATIN, Oregon, May 8, 2014
-- Largest Natural Gas Transmission Company in the UK Embraces CUI Global
Inc.'s and GE's Unique Solution for Remote Telemetric Control of its Pipeline
TUALATIN, Oregon, May 8, 2014 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI)
today announced that National Grid has accepted CUI Global's proprietary
Integrated Remote Information System (IRIS®) Technology as a new method for
remotely controlling and monitoring parts of its extensive pipeline
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National Grid is committed to safety and innovation. National Grid has made
significant advancements in monitoring and controlling the quality and
properties of the gas entering and transiting its network. As a result,
National Grid continually looks for partners who can assist them in pushing
the limits of technology and innovation to provide a solution to the problem
of quickly and reliably measuring, monitoring and controlling its extensive
natural gas pipeline network.
CUI Global's wholly owned subsidiary, Orbital Gas Systems Ltd., has developed
(together with National Grid) a unique range of products, including the IRIS
Remote Telemetry Unit (IRIS-RTU) platform. IRIS-RTU features revolutionary,
accessible and intuitive browser driven software. This simplicity and ease of
use enables seamless integration with versatile input/output modules -
allowing this RTU to be used for a range of tasks from the simple to the most
demanding and complicated of applications.
IRIS-RTU has been designed from the "ground up" to offer improvements in
efficiency, reduce operating costs, enhance stability, augment security and
most importantly – ameliorate the interface between sites, control room and
operatives at all levels and locations. IRIS-RTU, coupled with a hardware
platform from GE's Intelligent Platforms business, provides a single
"one-size-fits-all" solution with all site specific differences being handled
by configuration settings and content files.
As explained by National Grid's Senior Engineer for Network Engineering, Simon
Tunstall, "[T]he IRIS Telemetry solution completely satisfies National Grid's
requirement to provide an innovative telemetry system which delivers
reliability, system security, a user friendly interface and cost savings. A
very detailed and exacting specification was demanded and Orbital exceeded our
expectations in designing an RTU using the GE PAC8000 platform that is more
advanced than an equivalent 'off the shelf' alternative, while being
affordable and fit for 21 ^st century applications."
To date, National Grid has ordered for installation 69 of the IRIS-RTU's – 42
have been successfully installed and implemented; another 18 are currently
being installed; and the final 9 will be installed later this year. Full,
system-wide implementation of the technology could result in an additional 300
CUI Global's president & CEO, William Clough, stated that, "By continuing to
associate ourselves and our proprietary technologies with energy providers as
respected as National Grid and iconic partners like GE, we continue to prove
the viability and value of our technologies."
"GE's control platforms deliver improved performance, greater uptime and lower
total cost of ownership," said Bernie Anger, General Manager for GE
Intelligent Platforms. "With solutions like IRIS, we are changing what's
possible in the world of industrial automation."
"We believe that recognition and acceptance by such an industry stalwart as
National Grid for the IRIS-RTU and our relationship with GE is further
confirmation of the value and effectiveness of IRIS and the entire associated
portfolio of CUI Global's natural gas products," Clough concluded.
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 Gas Systems Ltd. Orbital Gas Systems brings 30 years of
experience of designing and installing industrial gas measurement and delivery
systems in the UK and internationally, focusing on packaged solutions for a
broad range of applications, such as metering skids, gas quality, odourisation
plant, CEMS, offshore and marine applications and more. Orbital's
internationally recognized expertise in the natural gas industry, including
bringing together the patented VE Technology with the ground-breaking GasPT
products, offers natural gas operators and users a comprehensive engineering
array for the next generation of energy metering systems.
For more information, please visit www.orbitalglobalsolutions.com .
About National Grid PLC National Grid is one of the largest investor-owned
energy companies in the world. We own and manage the grids that connect
people to the energy they need, from whatever the source. In Britain and the
north-eastern states of the US we run systems that deliver gas and electricity
to millions of people, businesses and communities.
In Britain, we run the gas and electricity systems that our society is built
on, delivering gas and electricity across the country. In the North Eastern
US, we connect more than seven million gas and electric customers to vital
energy sources, essential for our modern lifestyles.
For more information, please visit www.nationalgrid.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 Commission.
Contact: Media Contact: CUI Global, Inc., Maggie Lefor, Main: +1-503-612-2300,
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