CUI Global's CEO on Deal He Says Will Transform the Company

For investors of natural gas metering company CUI Global, things had already been going well. The stock outperformed the broader market over the past year, and now it has new momentum after winning what the CEO described as a ‘transformative’ deal that has the potential to quadruple revenue. Europe’s largest natural gas transmission company placed an order for CUI Global’s gas metering technology last week. ‘We are very excited about this deal because it is the biggest deal we’ve ever entered into, and it allows us for the first time to see real traction develop for a technology that’s quite unique and quite new,’ said William Clough, CEO of CUI Global. CUI’s Gas PT technology enables customers to cheaply and efficiently analyze the quality of natural gas in pipelines. It is scheduled to deliver 400 of the units this year, and will start booking revenue from the deal almost immediately. ‘We will actually see revenues this first quarter. The bulk of those revenues will be in the second, third quarter and on,’ explained Clough.