This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

CUI Global Announces First Retail Sales Of Its Vergence™ GasPTi Combined Analyzer In The Netherlands

Stocks in this article: CUI

TUALATIN, Ore., June 25, 2012 /PRNewswire/ --  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 Vergence™ GasPTi combined natural gas analyzer. The units, ordered by DNV KEMA in the Netherlands, are being installed at Gasunie field test facilities. This follows successful laboratory testing of the GasPT2 devices by DNV KEMA in its Netherlands Facility. 

(Logo: http://photos.prnewswire.com/prnh/20120320/FL72629LOGO)

In a world of increasing demand for energy, DNV KEMA ( www.kema.com) 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 ( www.gasunie.nl) 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 the Netherlands and Gasunie Deutschland in Germany. 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 Andrew Ridge, 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, William Clough, 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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs