Proactive Investors - Run By Investors For Investors
Why invest in CUI?
CUI Global Inc: DEEP DIVE
OVERVIEW

CUI Global’s energy subsidiary secures US$1.5mln service contract from major UK natural gas operator

The exclusive contract will run its course for two years and includes a one -year extension option
An energy plant
OVERVIEW: CUI The Big Picture
CUI Global's VE technology employs specialized sampling probes to take smaller, more consistent and cleaner gas samples

CUI Global Inc (NASDAQ:CUI) announced Monday that its wholly-owned energy subsidiary, Orbital Gas Systems Ltd, had been awarded an exclusive two-year contract valued at £1,150,000 (US$1.5mln) to provide routine maintenance, repair and calibration for a major UK natural gas transmission company.

The two-year contract begins September 1 and includes a one-year extension option. In what is highly unusual, the UK natural gas operator awarded the contract exclusively to Orbital based on its capabilities to provide the whole spectrum of maintenance and repair services for the network’s entire gamut of Maxum analyzers and MicroSAM gas chromatographs.

BIG PICTURE: CUI Global on path to realising growth potential - chief executive

“The exclusivity of this services contract speaks to the unique position Orbital occupies in the ecosystem of vendors to this major operator, one that is founded not only in Orbital’s ability to deliver world-class services, but also its access to proprietary, cutting-edge gas measurement technologies, such as GasPT and VE Technology, not available from any other vendor,” said CUI Global CEO William Clough.

The GasPT platform has a revolutionary method of almost instantly and accurately determining the quality of natural gas.

The company’s second flagship product is its VE technology, which employs specialized sampling probes to take smaller, more consistent and cleaner gas samples.

A huge amount of industry interest in biomethane has also been sparked by Orbital GasPT technology receiving regulatory board approval from the UK’s energy regulator, the Office of Gas and Electricity Markets (Ofgem), in May.

Contact Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive

View full CUI profile View Profile

CUI Global Inc Timeline

CN Research
March 19 2019

Related Articles

food in restaurant
September 17 2018
BigDish will start rolling out its platform to restaurants in Bath, before expanding across the south-west and eventually throughout the UK
Digital Marketing
February 19 2019
The digital marketing group said it saw a marked improvement in underlying profitability in the second half of its last fiscal year, and is aiming for "modest" revenue growth going forward
Dollar symbol
January 24 2019
The games publisher and developer has been making strategic partnership deals.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use