CUI Global Announces Successful Delivery & Commissioning of its New GasPTi-LNG Analyzers to the Largest LNG Import Terminal in Europe
TUALATIN, Oregon, May 24, 2016 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned United Kingdom ("UK") energy subsidiary, Orbital Gas Systems Ltd. ("Orbital"), has successfully commissioned further GasPT® solutions to the largest liquefied natural gas ("LNG") import terminal in Europe. Orbital was awarded this work directly from the Terminal Operator.
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The demand for fast and accurate gas quality measurement is of significant importance for LNG operators due to the quantities involved. One standard cubic meter of LNG is equivalent to 600 cubic meters of Natural Gas, therefore vast quantities can flow in a very short time, hence the need to measure quickly and accurately.
The continual investment in existing and new LNG Import/Liquefaction infrastructure around the world has compelled Orbital for many years to innovate and produce new products & solutions designed to provide information enabling plant efficiencies to be realized, reducing CAPEX & OPEX, but also monitoring hazardous components in Natural Gas prior to liquefaction, including Mercury (Hg) and moisture (H2O).
Continuing our success with this large UK LNG terminal, where approximately 20% of the UK's Gas is imported from Qatar, Orbital has added the new version GasPTi-LNG to the multiple GasPT sets already installed at this terminal. For its part, Qatargas have this month loaded a Q-Max LNG carrier, "Mozah," with its 10,000th export cargo – which is bound for the UK Import terminal. GasPT has played an important role in providing physical property gas data for this terminal and its operator since the first cargo received in 2009.
The GasPTi-LNG solution incorporates VE Technology® to improve the overall response time and eliminate sample blending, resulting in gas quality updates of vaporized LNG (CV/BTU/Wobbe) every 5 seconds. The device provides unrivalled analytical performance for the plants process control ballasting operations prior to export into the UK National Grid Transmission system; thus, allowing tighter control of Nitrogen injection without triggering mandatory gas quality excursion limits.
Orbital had designed, supplied and commissioned the existing analytical solutions through a third-party, tier-one contractor; however, in these latest installations, Orbital is contracted directly by the Terminal Operator. These new GasPTi-LNG systems were delivered and successfully commissioned during May 2016.
As explained by CUI Global's president & CEO, William Clough, "This deployment of our new GasPTi-LNG analyzers to a major UK LNG terminal operator once again proves the reliability and viability of our analyzer packages – including both the GasPT and VE technologies. It is particularly relevant in the case of imported LNG to provide quick, accurate, reliable data to the operator so as to ensure that only high-quality, properly ballasted gas enters the UK natural gas network."
"The design, manufacturing, delivery, and successful commissioning of these analyzers opens up yet another market for these exciting technologies, which will increase our market penetration and enhance our shareholder value moving forward," 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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