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[STK] OTC-QB:CUI NASDAQ-SMALL:CUI
[IN] OIL UTI EUT GAS
[SU] CON
-- WITH PHOTO -- TO BUSINESS, ENERGY, AND FOREIGN EDITORS:
CUI Global's Subsidiary, Orbital Gas Systems Ltd., Announces Expanded
Relationship with Yokogawa United Kingdom Ltd.
TUALATIN, Ore., 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 growing reputation."
"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," 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-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 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.
Logo - http://photos.prnewswire.com/prnh/20120320/FL72629LOGO
SOURCE CUI Global, Inc.
-0- 04/16/2014
/CONTACT: Media: CUI Global, Inc., Maggie Lefor, Main: 503-612-2300, press@cuiglobal.com, or Outside IR contact: Stonegate Securities, Casey Stegman, 214-987-4121, casey@stonegateinc.com, or Genesis Select, Budd Zuckerman, President, 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
(OTC-QB:CUI /
NASDAQ-SMALL:CUI) /
CO: CUI Global, Inc.; Orbital Gas Systems Ltd.; Yokogawa (UK) Lt
ST: United Kingdom Oregon
IN: OIL UTI EUT GAS
SU: CON
PRN
-- FL05728 --
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