logo-loader
viewCUI Global Inc

CUI Global picks up another order from National Grid

It is also a first order for the IRIS-LITE unit, for smaller substations and above ground installations.

BP_north_american_gas_opt_56e6ccb42a553.jpg
The order is worth approximately US$1mln

CUI Global Inc’s (NASDAQ:CUI) UK arm Orbital Gas Systems has picked up another order from the National Grid (LON:NG.) for its remote monitoring system IRIS.

The order, worth approximately US$1mln, is for the design, construction, delivery and commissioning of ten additional IRIS-RTU systems.

It is also a first order for the IRIS-LITE unit, for smaller substations and above ground installations.

"This order represents an exciting and continuing opportunity for us to partner with National Grid and its telemetry upgrade project and allows us to further develop the reputation of our IRIS-RTU systems," said Robert Law, Orbital's UK managing director.

William Clough, CUI Global’s chief executive, added: "Our continuing partnership with National Grid and our IRIS product clearly demonstrates the dynamic nature of this technology and provides further evidence of our ability to provide unique, leading-edge solutions to the natural gas industry."

Quick facts: CUI Global Inc

Price: 0.75 USD

NASDAQ:CUI
Market: NASDAQ
Market Cap: $21.51 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of CUI Global Inc named herein, including the promotion by the Company of CUI Global Inc in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Capital Network analyst discusses 'transformational' CUI Global deal

Capital Network analyst Ed Stacey says a proposed deal to combine CUI Global (NASDAQ:CUI) with four other businesses will result in an entirely transformed entity with more than 3x the revenues (estimated) of the existing CUI business. The four target businesses provide services to...

on 05/20/2019

2 min read