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Jan. 22, 2013 /PRNewswire/ --
CUI Inc, a subsidiary of
CUI Global, Inc. (NASDAQ: CUI), today announced that it has signed a global distribution agreement with
Future Electronics, a world class leader and innovator in the distribution and marketing of electronic components. This agreement allows Future Electronics to leverage their experience and resources to launch CUI's product portfolio to a global market and a diverse customer base. In selecting Future Electronics as a global distribution partner, CUI noted the strength of Future Electronics' demand creation programs and its robust field support resources which will add greater reach for its
Novum® Advanced Power product line as well as its broad portfolio of standard power supplies and board level components.
Under the terms of the agreement, Future Electronics will now begin a phased rollout of products from CUI's
Components groups with stock available immediately for many items.
"We are very pleased to be launching the CUI franchise," said
Jodie Metsos, Vice President of Corporate Product Marketing for Future Electronics. "Their line of power supplies and board level components has had a tremendous amount of interest from our sales and engineering teams and most importantly, our customers. We see a very positive outlook for the Future/CUI partnership."
"As a worldwide leader in the distribution industry Future has long distinguished itself as a first class organization in this space," said
Matt McKenzie, President of CUI. "We believe the core strengths of our companies align very well, and we look forward to greatly expanding our market reach through this partnership."
About Future Electronics
Future Electronics is a global leader in electronics distribution, ranking 3rd in component sales worldwide. Founded in 1968, the company has established itself as one of the most innovative organizations in the industry today, with 5,000 employees in 169 offices in 42 countries around the world. Future Electronics is globally integrated, with one worldwide IT infrastructure providing real-time inventory availability and access, while enabling full integration of its operations, sales and marketing worldwide. Offering the highest level of service, the most advanced engineering capabilities and technical solutions through all stages of the design-production cycle, and the largest available-to-sell inventory in the world, Future's mission is always to Delight the Customer®.