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CUI Global, Inc.'s Wholly-Owned Subsidiary, Orbital-UK, Acquires Exclusive Worldwide Rights To VE-Technology From EnDet Ltd.

Stocks in this article: CUI

TUALATIN, Ore., July 30, 2013 /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-UK, has acquired exclusive worldwide rights to manufacture, sell, design, and otherwise market the VE-Probe and VE-Technology from its United Kingdom-based inventor, EnDet Ltd.

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

The agreement gives Orbital exclusive and sole control of all technology related to its revolutionary GasPT2 and GasPTi natural gas metering systems. 

The GasPT2 technology, originally designed by Advantica Ltd. (the R&D Division of British Gas), provides fast and accurate measurement of the calorific value and relative density of natural gas.  The GasPT2 analyzer measures physical properties of the gas mixture, such as thermal conductivity and speed of sound.  From these properties it infers an effective gas mixture comprising four components: Methane, Propane, Nitrogen and Measured Carbon Dioxide.  From this effective gas mixture the system uses the standard ISO6976 to calculate the gas quality characteristics, Calorific Value (CV), Wobbe Index (WI), Relative Density (RD) and Compression Factor (Z).  The GasPT2 analyzer is unique to the industry in that, among other things, it can complete its analysis in less than three seconds.

By combining the GasPT2 technology with the equally unique VE-Probe, which is able to provide a gas sample from a high pressure transmission line in less than two seconds, Orbital has created the GasPTi metering system. 

The GasPTi system is able to accurately provide almost real-time data to the natural gas operator in a total cycle-time of less than five seconds.  Moreover, it provides this real-time analysis at approximately one-fifth of the installation cost of current technology with none of the associated maintenance, carrier gas, calibration gas, or other ancillary costs associated with traditional technology.

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