CUI Global Inc's (NASDAQ:CUI) wholly-owned energy subsidiary, Orbital Gas Systems, revealed Monday that it has received an order to supply GasPTi systems for deployment across multiple natural gas plants by one of the largest US-based energy producers.
Orbital Gas Systems, which has offices in Houston, Texas and the UK, did not disclose the size of the deal, or the name of the US energy producer for business confidentiality reasons.
In a statement, the company said the orders were part of a roll-out of GasPTi systems across the customer's natural gas assets aimed at delivering operating and environmental improvements, as well as cost advantages.
READ: CUI Global subsidiary Orbital Gas Systems wins $900,000 service order from major UK gas network operator
Orbital Gas Systems has 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 GasPTi system
On the other hand, the GasPTi system is a complete, integrated sampling and analysis system that includes Orbital's proprietary GasPT analyzer and VE technology sampling system. A build-to-stock product, the company said it can be installed in hours, and also meets the customer's tight delivery timeline that legacy gas chromatography and conventional sample systems can’t meet.
In a statement, CUI Global CEO William Clough said: "These orders validate GasPTi as a process control device by an industry standard-bearer that should further elevate our profile within the natural gas industry."
“Given the customer's substantial natural gas footprint and their preference for our system, we are well-positioned to secure additional orders in the future," he added.
CUI Global’s energy segment denotes the Orbital group of companies, which includes subsidiaries Orbital Gas Systems and Orbital Gas Systems, North America.
They handle a portfolio of products services and resources for the oil and gas, petrochemical, power, nuclear and environmental industries. They also design, install and commission industrial gas sampling, measurement and delivery systems.
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