By Tuesday, January 15, 2013 -TUALATIN, OR - CUI Global, Inc. (NASDAQ: CUI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative products and technologies, today announced that it has finalized an agreement with French company, OPTA-PERIPH, allowing OPTA-PERIPH to incorporate the Vergence® GasPT2 device into their industry leading, patented Liquid Natural Gas ("LNG") Probe & Vaporizing Units. The combination of these two unique technologies will result in a real-time, cost effective LNG Quality Tracker, with features that are currently unavailable in the marketplace.
OPTA-PERIPH will brand the Vergence unit as the "Ex-Situ Real Time Continuous Analyzer" and combine it in a package with its proprietary LNG probe and vaporizing units. The resulting super-insulation system is designed as a cost effective package for real-time LNG Quality Tracking that improves metering response time and uncertainty over current gas chromatograph energy calculation methods. The system is simple, easily handled, and completely integrated; with no requirement for preventive maintenance or calibration.
As explained by OPTA-PERIPH president, Pierre Barere, "the global LNG industry has seen dramatic growth since the late 2000's and OPTA-PERIPH has been widely recognized as the World Leader for supplying its patented LNG Integral Sampling and Vaporization System Series, the ISOSAMPLE 8100. The device provides a fully representative sample of the LNG transferred, now including processing and treatment of the online Vergence® GasPT2 device measurements, giving the LNG Terminal Operator reliable, robust, and accurate LNG Quality Tracking."
LNG quality is essential to determine the amount of energy transferred for fiscal metering, custody transfer, and other purposes. Determination of energy is accomplished by means of a complex, patented process and calculations provided by the Vergence® GasPT2 measured parameters.
LNG Plant Applications for the ISOSAMPLE 8100 will include:
• Re-condenser outlet for Wobbe and CV measurements;
• Export boil-off gas ("BOG") line to the network - blending BOG with natural gas to meet gas quality specification is required within a short response time;
• Ballasting control feedback analyzer for efficient liquid N2 injection; and more.
In addition, OPTA-PERIPH will use the Real Time and Cost Effective LNG Quality Tracker to target the middle and small scale LNG production operators beginning to emerge throughout the World (including production of vehicle-grade fuel) as both worldwide demand and supply of natural gas increases.
OPTA-PERIPH expects to begin marketing the Real Time and Cost Effective LNG Quality Tracker package immediately and has already begun marketing announcements throughout the LNG community.
"This arrangement with a respected natural gas technology company like OPTA-PERIPH is yet another milestone in the industry acceptance of our patented Vergence Gas Metering Technology," explained CUI Global's president & CEO, William Clough. "We look forward to a long and profitable relationship with OPTA-PERIPH and welcome this introduction into the LNG marketplace as part of such a unique process/control package."
Similarly, OPTA-PERIPH's president, Pierre Barere, concluded by stating that, "this combination of innovative technologies between our company and CUI Global will extend and enhance the functionality and efficiency of any size LNG terminal process control - small, medium, or large - It will allow OPTA-PERIPH to supply a unique control processing device to the industry, using technology that is simply not available from anyone else."
CUI Global is a publicly traded platform company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products, and technologies. From its Vergence™ GasPT2 platform targeting the energy sector, to its subsidiary CUI Inc.'s industry leading digital power platform targeting the networking and telecom industries, CUI Global has built a diversified portfolio of industry leading technologies that touch many markets. As a publicly traded company, shareholders are able to participate in the opportunities, revenues, and profits generated by the products, technologies, and market channels of CUI Global and its subsidiaries. CUI Global prides itself on operating with the same level of integrity, respect, and philanthropic dedication that was put in place by CUI Inc.'s founder more than 20 years ago. It is these values that allow the company to make a difference in the lives of their customers, their community, their employees, and their investors. Recently, a move was made to merge and streamline resources with its subsidiary CUI Inc. in order to create a unified, international brand that now positions CUI Global for further strategic expansion.
About CUI Inc CUI Inc is a technology company dedicated to the development, commercialization, and distribution of new, innovative electro-mechanical products. Over the past 20 years, CUI has become a recognized name in electronic components worldwide in the areas of power, interconnect, motion control, and sound. CUI's solid customer commitment and honest corporate message are a hallmark in the industry. CUI is a wholly owned subsidiary of CUI Global, Inc.
For more information, please visit www.cuiglobal.com and www.cui.com.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.
Maggie Lefor |
Nicholas J. Clough |
BPC Financial Marketing |
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