TUALATIN, Oregon, Dec. 15, 2015 /PRNewswire/ -- CUI Global, Inc. (NASDAQ:CUI) announced today that its wholly-owned North American energy subsidiary, Orbital Gas Systems N.A., has successfully received orders for delivery of its mercury detection units to a large liquid natural gas ("LNG") project in the North Eastern United States. The order, valued at ~$1,000,000 (USD), uses Orbital's proprietary VE Technology® sampling system to provide a fast and uniquely accurate method of detecting trace elements (like mercury) in the LNG liquification process.
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The North American order for the mercury detection units and other, VE Technology related systems follows successful deployment of the systems to a large LNG project in Queensland, Australia. Due to the unique design of the VE probe, there is no vibration within the pipeline and the gas sample can be quickly and accurately furnished to the trace element (i.e., mercury, H2, O) detector in a matter of seconds; thus, allowing the operator to recognize trace element contamination more effectively than with other available technology.
CUI Global's President & CEO, William Clough commented, "Successful delivery of these trace element detectors to North America is yet another step forward in recognition of the capabilities provided by our VE Technology. That technology provides extremely quick, pure gas samples allowing for very accurate detection of trace elements like mercury or moisture in the gas. In addition, the patented helical fins prevent vibration of the sample probe thereby increasing pipeline and probe life expectancy."
"We continue to work closely with both US and European integrated natural gas transmission customers on securing initial purchase orders for our natural gas product lines, including the Italian pipeline transmission company, where we still anticipate that initial purchase orders will be awarded to selected companies soon," 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 Ltd ("Orbital-UK") is the largest natural gas systems integrator in the United Kingdom. For over 30 years, Orbital-UK 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-technology with the ground-breaking GasPTi device, offers natural gas operators and users a comprehensive engineering array for the next generation of energy metering systems. Orbital-UK is a wholly owned subsidiary of CUI Global, Inc.
For more information, please visit www.orbitalgassystems.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.
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