CUI Global said Tuesday that its wholly owned energy subsidiary Orbital Gas Systems Ltd’s partnership with Germany’s Samson Aktiengesellschaft would drive adoption of the company's flagship GasPT, VE technologies and GasPTi analyzers.
"We are very confident that Samson's engineering and sales teams are well positioned to drive adoption of our GasPTi and VE technologies globally," said CUI Global CEO William Clough. "We will support their every effort to build on this early sales and marketing momentum." he added.
Orbital Gas Systems Ltd recently signed an agreement with Germany’s Samson Aktiengesellschaft for exclusive sales and distribution of its flagship GasPT, VE technologies and GasPTi analyzers for all global markets except North America and Europe. The agreement spells out specific performance milestones, which Frankfurt-based Samson AG must achieve to maintain "exclusivity."
As a part of the partnership, Samson showcased Orbital's proprietary GasPTi technology at the Conference Catalyst Producer's Danzig Polen 2018 in Poland. The event typically draws big Western European natural gas operators.
READ: CUI Global energy subsidiary names Germany’s Samson global distributor to access Russia and China gas markets
Samson senior engineer Kamen Marinov is introducing Orbital’s GasPTi and VE technologies to customers in new markets. "The presentation material and delivery were extremely high quality and served to demonstrate that Samson has both the expertise and the desire to successfully promote our technology globally," said Orbital's head of international product sales, Tony Wimpenny.
Samson AG, a market leader in flow control solutions for industrial processes, has 50 subsidiaries and a footprint in 66 countries. It manufactures industrial valves and sells instruments and plants for various applications in process engineering, as well as the heating, ventilation, and air-conditioning sector. It markets its products to power and energy, and industrial sectors worldwide. Orbital's proprietary technology fits snugly into Samson’s push to offer leading edge flow control solutions.
Orbital’s 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.
Samson and Orbital will jointly present the GasPTi and VE technologies at the three-day Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) starting on November 12. The forum is one of the world's largest oil and gas events, bringing together over 110,000 attendees from the energy sector.
CUI Global stock was up 1.02% to $1.99 in midday trade.
Contact Uttara Choudhury at [email protected]