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CUI Global IRIS announcement

Published by
World Pipelines,

CUI Global, Inc., has announced that its wholly owned UK energy subsidiary, Orbital Gas Systems Ltd., has received approval from one of the UK's largest pipeline operators to install and commission four of its previously purchased IRIS(R) kiosks. Further, the company has received a purchase order from the same customer for additional IRIS kiosks to be produced at its UK facility for installation and commissioning later this year.

Purchase orders

In addition, the company can confirm that several customers have now successfully completed testing of its other proprietary natural gas technologies, the GasPT(R) Analyser and VE Technology(R), and that the company has received multiple purchase orders for those products.

    These purchase orders come from several large energy producers/transporters in various geographic areas, including, but not limited to:
  • A large North American gas transportation and compression company.
  • A Fortune 100 energy company for projects in both Australia and North America.
  • A major European gas transmission company.
  • An Asian gas turbine manufacturer.
  • And others.

CUI Global’s comments

CUI Global's President and CEO, William Clough commented, "the commissioning of the previously purchased IRIS kiosks, along with the ordering of new kiosks demonstrates the efficiencies, control, and other benefits this exciting technology provides to the pipeline operator. This makes us even more confident regarding a larger deployment of the technology in the future. Meanwhile, over the past several months, we are beginning to see many of the tests in which our technologies have participated over the past weeks, months, and, in some cases, years, actually starting to 'bear fruit' in the form of purchase orders from some of the industry's most iconic players."

"While there is still much work to do, this transition from testing to sales demonstrates the value and viability of our energy technologies and bodes well for the company, its employees, and its shareholders," Clough concluded.

Edited from press release by Stephanie Roker

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