CUI Global Announces First Retail Sales and Installation of its Vergence™ GasPT2 Devices in the United Kingdom

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• Publié par: cui-global-inc
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• Langue: English

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CUI Global Announces First Retail Sales and

Installation of its Vergence™ GasPT2 Devices

in the United Kingdom

PR Newswire

TUALATIN, Oregon, June 12, 2012

TUALATIN, Oregon

,

June 12, 2012

/PRNewswire/ -- CUI Global, Inc. (NASDAQ:

CUI), a platform company dedicated to the acquisition, development, and

commercialization of new, innovative products and technologies, today

announced it has delivered and installed its first retail units of the Vergence™

GasPT2 device. The units, purchased by National Grid (LSE: NG) in the

United

Kingdom

(UK), are being installed at Adnams Brewery in

Suffolk

, UK. Further

units are scheduled to be installed at a similar facility in Roundham,

Norfolk

,

UK.

Both facilities produce biogas which is to be injected into the UK natural

gas network, owned and operated by National Grid.

In addition, Scotia Gas Networks has ordered units for its biogas facility in

Poundbury,

West Dorset, UK

, while the Wood Group have placed retail orders

for the Vergence devices as part of a National Grid contract to upgrade gas

compressor stations on the National Grid transmission pipeline at

Cambridge

,

Diss and

Chelmsford

.

According to a 2009 report from National Grid, "up to half the [UK's] domestic

gas heating could be met by turning waste into biogas." As explained by

National Grid's Sustainable Gas Group, "Biogas has benefits on so many fronts.

It is renewable and could help to meet the target of 15% of all our energy

coming from renewable sources by 2020. It provides a solution for what to do

with our waste with the decline in landfill capacity and it would help the UK with

a secure supply of gas as North Sea sources run down."

For its part, Adnams Brewery, through Adnams Bio Energy Limited (ABE), has

announced the completion of its groundbreaking anaerobic digestion (AD)

plant, which will be the first in the UK to use brewery and local food waste to

produce renewable gas for injection into the national gas grid as well as

providing gas for use as a vehicle fuel.

In partnership with British Gas and National Grid, ABE's facility will inject

renewable gas into the gas grid. It will generate up to 4.8 million kilowatt-hours

per year – enough energy to heat 235 family homes for a year or run an

average family car for 4 million miles. In the future the facility will produce

enough renewable gas to power the Adnams brewery and run its fleet of

trucks, while still leaving up to 60 per cent of the output for injection into the

National Grid.

The Scotia Gas Networks project is a groundbreaking green power plant to

provide gas and electricity to nearly 4,000 homes in Poundbury and the

surrounding area. The AD plant is being delivered by JV Energen LLP, a

partnership involving landowners, the Duchy of

Cornwall

, and local farmers.

The plant will use farm waste and crops to provide gas and electricity, with the

waste product from the process – the digestate – going back to farmers to use

as an organic fertilizer.

Scotia Gas Networks (SGN) is the UK's second largest gas distribution company,

operating two of the country's largest gas networks. SGN covers the whole of

Scotland

and the south and south east of England. It provides a safe and

secure supply of natural gas to 5.8 million customers through 74,000 kilometers

of gas mains and services.

Wood Group (officially "John Wood Group PLC") (LSE: WG.) is a multinational oil

and gas services company headquartered in

Aberdeen, Scotland

, UK. It is a

leading international energy services company, employing more than 41,000

people worldwide and operating in 50 countries.

Wood Group is a leading independent services provider for the oil & gas and

power generation markets. Worldwide those services include engineering,

procurement & construction management, facility operations & maintenance,

and repair & overhaul of turbines and other high-speed rotating equipment.

As explained by CUI Global's president & CEO, William Clough, "By associating

ourselves and our Vergence Technology with energy providers as respected as

National Grid, Scotia Gas Networks and the Wood Group, we continue to prove

the viability and value of our GasPT2 device. The device is especially applicable

to the biogas and renewable energy sector because of its value proposition and

the 'real-time' nature of its analysis."

"We believe that these retail orders by such industry stalwarts are just the

beginning of our penetration into this exciting new market for the Vergence

devices," Clough concluded.

About CUI Global, Inc.

Delivering Innovative Technologies for an Interconnected World . . . . .

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.

About National Grid PLC

National Grid (LSE: NG; NYSE:NGG) is an electricity and gas company that

connects consumers to energy sources through its networks. The company is

at the heart of one of the greatest challenges facing our society - to create

new, sustainable energy solutions for the future and developing an energy

system that underpins economic prosperity in the 21st century. National Grid

holds a vital position at the centre of the energy system and we 'join everything

up'.

In

Britain

, we run the gas and electricity systems that our society is built on,

delivering gas and electricity across the country. In the North Eastern US, we

connect more than seven million gas and electric customers to vital energy

sources, essential for our modern lifestyles.

For more information, please visit www.nationalgrid.com.

About Wood Group

Wood Group is an international energy services company with

$6bn

sales,

employing more than 41,000 people worldwide and operating in 50 countries.

The Group has three businesses - Engineering, Wood Group PSN and Wood

Group GTS - providing a range of engineering, production support,

maintenance management and industrial gas turbine overhaul and repair

services to the oil & gas, and power generation industries worldwide.

For further information, please visit www.woodgroup.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.