June 25, 2012
CUI Global, Inc.
(NASDAQ: CUI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative products and technologies, today announced it has received its first retail sales orders for the
GasPTi combined natural gas analyzer. The units, ordered by DNV KEMA in
, are being installed at Gasunie field test facilities. This follows successful laboratory testing of the GasPT2 devices by DNV KEMA in its Netherlands Facility.
In a world of increasing demand for energy, DNV KEMA (
) plays a major role in ensuring the availability, reliability, sustainability and profitability of energy and related products and processes. KEMA combines unique expertise and facilities, in order to add value to their customers in the field of risk, performance and quality management.
For its part, Gasunie (
) is a European gas infrastructure company. With annual gas throughput totals of approximately 125 billion cubic meters, Gasunie offers transport services via its subsidiaries Gas Transport Services B.V. (GTS) in
and Gasunie Deutschland in
. Gasunie also offers other services in the gas infrastructure field, including gas storage and LNG.
The GasPTi analyzer combines the Vergence™ GasPT2 device in a weather-proof housing with gas conditioning, pressure regulating, and associated equipment needed to make the device a "plug-and-play" solution for the natural gas operator. The combined device is truly "field ready" and largely maintenance free. The GasPTi device is produced by CUI Global in conjunction with Orbital-UK.
As explained by
, Orbital-UK's Managing Director, "The combination of CUI Global's Vergence Technology with our VE-Probe in the GasPTi Natural Gas Analyzer creates a unique and revolutionary method of almost instantly and accurately determining gas quality in a cost efficient manner previously unavailable to the industry. We at Orbital are very excited about the new device, the opportunity it creates for us in the natural gas industry, and our partnership with CUI Global."
CUI Global's president & CEO,
, commented, "By continuing to partner our Vergence Technology with industry leaders like Orbital-UK to service such respected energy providers as KEMA and Gasunie, we continue to prove the viability and value of our GasPT2 device."
"We believe that these retail orders and continued testing and validation by such industry stalwarts can and will enhance our penetration into these markets for the Vergence devices," Clough concluded.