CUI Global Inc. (Nasdaq: CUI) said its Orbital Gas Systems Ltd. subsidiary has been awarded four contracts totalling US$4.58mln (£3.3mln) by what it described as a "Tier 1 engineering, procurement and construction firm" in the UK.
CUI Global said its Orbital UK unit won the contracts from the unidentified company "following many months of technical and commercial engagement that enabled the client to attain significant value from Orbital UK's world-class in-house capabilities, including integrating multiple packages and reducing client project delivery, technical and commercial risks."
The overall scope of the work "is for eight off-skids, including filtration, flow control, fiscal metering, supervisory PLC metering, gas quality measurement, electric heat exchangers-control and specialist lube oil to fuel gas heat exchangers providing pre-heated natural gas to the solar gas turbines driving combustion efficiency," the company said.
Orbital UK will deliver multiple high-pressure temperature measurements using its proprietary VE Technology Thermowells together with its GasPT Integrated Calorific Value Determination analysers to "ensure minimal overall response times while also eliminating sample blending and enhancing safety, thereby resulting in unrivalled energy measurement," CUI said in a statement.
Feather in Orbital's cap
Orbital UK President Paul White said that the award of this project "from such a large and well-respected Tier 1 contractor after a months-long competitive bidding process that included presentations, negotiations, and due diligence, confirms Orbital UK's ability to deliver the highest-quality integration services together with its unique and proprietary VE and GasPT technologies that are simply unavailable from other sources."
CUI Global President and CEO William Clough added that the awards "for a milestone project from this calibre of customer is a testament to Orbital UK, Paul, and his entire team, especially given the level of competition they faced from other industry participants."
"This project further underscores Orbital UK's capabilities and the disruptive technological nature of our GasPT and VE technologies in the marketplace," Clough said.
Shares in New York eased 0.15% to US$3.24 each.