CUI Global Inc’s (NASDAQ:CUI) wholly-owned energy subsidiary, Orbital Gas Systems, announced Thursday that it has received orders for its GasPTi-F product from SAMSON AG, its global distribution partner, for a large industrial user of natural gas in Spain.
CUI’s energy business in Houston, Texas which scored the deal, did not disclose the number of units involved.
The technology company boasts two flagship energy products. The first is its GasPT platform, which has a revolutionary method of almost instantly and accurately determining the quality of natural gas.
The company’s second leading product is its VE technology, which employs specialized sampling probes to take smaller, more consistent and cleaner gas samples.
The company said the deal focuses on GasPTi-F, which is a combination of the company’s patented VE Technology sample probe and sample system for pipeline-mounted applications with fixed sample probe, and the GasPT natural gas analyzer that provides near real-time gas property data for numerous applications in the natural gas industry, such as “custody transfer metering, combustion control, and blending applications.”
SAMSON's client will use the GasPTi-F devices to improve the combustion efficiency in its gas-fired burners. The client will use two of the standard physical properties provided by GasPT, inferior and superior calorific value, to optimize air/fuel ratio for the continuous combustion process.
"In addition to gaining access to gas network operators in previously untapped markets as Russia, China, Africa, and South America through our partnership with SAMSON AG, we are for the first time penetrating the industrial market for commercial sales of our innovative GasPT and VE technologies," said CUI Global CEO William Clough. "These orders demonstrate SAMSON AG's ability to convert recent joint business development efforts into an exciting pipeline of opportunities."
Contact Uttara Choudhury at [email protected]