CUI Global Subsidiary Orbital N.A. Announces $2.1 Million, Sole-Source Integration Project for Major U.S. Energy Company

HOUSTON, March 5, 2018 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned subsidiary, Orbital Gas Systems North America ("Orbital"), has been awarded a $2.1 million integration project from a large U.S.-based Energy, Procurement, and Construction ("EPC") firm for which Orbital will be the sole-source integrator. Orbital will provide a turnkey solution encompassing engineering services, VE Sample System probes and fabrication of several analyzer shelters for a fractionation unit under construction by the EPC in Baytown, Texas for one of North America's leading power and energy producers.

"As demonstrated by this project, Orbital's third from this EPC customer in 18 months, Orbital's expertise and growing reputation for project excellence, reliable performance, and quality engineering is translating to more work. The project also highlights Orbital's ability to offer turnkey solutions to customers, bringing together our integration capabilities with our proprietary Energy products," stated William Clough, president and CEO. "This award also marks a first for Orbital's new production facility. The opening of this substantially larger facility removes a significant barrier to much bigger opportunities with the region's largest gas operators. From mid-stream transport to downstream petrochemical and refining, Orbital offers their customers a solution from sample tap to return and everything in between."

Orbital's new facility opened in early December 2017 and will host its official Open House on March 8, 2018. With crane-access across the 35,000 square-foot production facility, Orbital can now execute on multiple large projects simultaneously.

About CUI Global, Inc.
Delivering Innovative Technologies for an Interconnected World . . . . .

CUI Global, Inc. is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. From Orbital Gas Systems' advanced GasPT platform targeting the energy sector, to CUI Inc.'s digital power platform serving the networking and telecom space, CUI Global and its subsidiaries have 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. But most importantly, a commitment to conduct business with a high level of integrity, respect, and philanthropic dedication allows the organization to make a difference in the lives of their customers, employees, investors and global community.

For more information please visit www.cuiglobal.com

About Orbital
Orbital Gas Systems (Orbital), a CUI Global Company, is the leader in innovative gas solutions, having more than 30 years of experience in design, installation and the commissioning of industrial gas sampling, measurement and delivery systems.  Operating globally to energy, power and processing markets, Orbital manufactures and delivers a broad range of applications including environmental monitoring, gas metering, process control, telemetry, gas sampling and BioMethane. 

For more information please visit www.orbitalgas.com.

Important Cautions Regarding Forward Looking Statements
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.

SOURCE CUI Global, Inc.