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[STK] NASDAQ-SMALL:CUI
[IN] OIL GAS UTI
[SU] CON
-- WITH PHOTO -- TO BUSINESS, AND ENERGY EDITORS:
CUI Global Announces Distribution Agreement between its Wholly Owned
Subsidiary, Orbital Gas Systems Ltd., and Benchmark Instrumentation &
Analytical Services, Inc. for Canadian Sales of its GasPTT and VE
TechnologyT Systems
TUALATIN, Ore., April 2, 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 its wholly owned subsidiary,
Orbital Gas Systems Ltd., through its Products Division, Orbital
Global Solutions (OGS), has signed a Distribution Agreement with
Benchmark Instrumentation & Analytical Services, Inc.
(www.benchmarkinc.ca), a natural gas equipment distribution company
based in Edmonton, Alberta, Canada. The Agreement calls for
distribution of CUI Global's patented natural gas technology,
including the GasPT, the GasPTi and its VE Technology. Specifically,
the agreement gives Benchmark exclusive distribution rights for sale
of the devices in the country of Canada.
Benchmark Instrumentation & Analytical Services ("Benchmark") provides
and supports a range of advanced measurement products and systems
across Canada. They are a leading supplier of Sampling and Analytical
products to many primary sector companies to manage and control their
operations. Benchmark provides engineering and design, world-class
sampling and measurement products, system integration and service.
Benchmark has been providing services to industrial customers for over
18 years to the following industrial market segments:
-- Oilsands (Surface mining and Insitu)
-- Oil & Gas
-- Power & Utilities
-- Chemical & Petrochemical
-- Pharmaceutical
-- Pulp & Paper
-- Cement
-- Municipal Waste
Benchmark understands the role of monitoring industrial processes and
is continually challenged to meet ever-increasing expectations by
various stakeholders to improve productivity and monitoring
capability. Benchmark strives for first position in the delivery and
support of process sampling and analytical solutions.
The agreement calls for Benchmark to initially purchase thirty (30)
GasPTi-P devices - two (2) GasPTi-P devices for customer demonstration
to be delivered immediately and another twenty eight (28) units as
inventory to be sold by Benchmark during the term of the agreement.
CUI Global's President & CEO, William Clough, commented, "This
agreement with Benchmark gives the company yet another highly
respected partner in the natural gas industry and further demonstrates
the viability and merit of our technologies. We expect Benchmark and
its team of industry professionals to become a key component of our
growing North American distribution network."
Benchmark's VP of Business Development, Tod Martens stated, "We are
excited to represent CUI Global and their patented VE-technology with
the ground-breaking GasPT device, which we believe it will help our
natural gas operators meet the growing sampling and measurement
challenges they face in our rapidly changing market."
Clough concluded, "Benchmark is a leading provider of analytical
equipment to the rapidly growing Canadian natural gas industry,
including such industry icons as TransCanada and others. We welcome
Benchmark as a representative of the CUI Global natural gas product
portfolio."
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-technology with
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 Benchmark Instrumentation & Analytical Services Benchmark is a
leading supplier of Sampling and Analytical products in Canada. We
serve the Refining, Petrochemicals & Chemicals, Oil & Gas, Pulp &
Paper, Power, Cement, Inspection, Mining, and Environmental
industries.
For more information, please visit www.benchmarkinc.ca
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.
Logo - http://photos.prnewswire.com/prnh/20120320/FL72629LOGO
SOURCE CUI Global, Inc.
-0- 04/02/2014
/CONTACT: Media: CUI Global, Inc., Maggie Lefor, 503-612-2300, press@cuiglobal.com; or Outside IR: Casey Stegman, Stonegate Securities, 214-987-4121, casey@stonegateinc.com; or Budd Zuckerman, President, Genesis Select, bzuckerman@genesisselect.com; or Matthew Selinger, Principal, mselinger@genesisselect.com, (303) 415-0200
/Photo: http://photos.prnewswire.com/prnh/20120320/FL72629LOGO
/Web Site: http://www.cuiglobal.com
(NASDAQ-SMALL:CUI) /
CO: CUI Global, Inc.; Orbital Gas Systems Ltd.; Benchmark Instrumentation & Analytical Services, Inc.
ST: Oregon
IN: OIL GAS UTI
SU: CON
PRN
-- FL95602 --
0000 04/02/2014 09:30:00 EDT http://www.prnewswire.com
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