Proactiveinvestors USA & Canada CUI Global Inc https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada CUI Global Inc RSS feed en Fri, 19 Jul 2019 19:40:25 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - CUI Global Inc targeting profitability for its energy division in 2019 ]]> https://ca.proactiveinvestors.com/companies/stocktube/12646/cui-global-inc-targeting-profitability-for-its-energy-division-in-2019-12646.html Tue, 19 Mar 2019 18:06:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/12646/cui-global-inc-targeting-profitability-for-its-energy-division-in-2019-12646.html <![CDATA[News - CUI Global’s GasPT Technology attracts industry interest after being approved by UK's energy regulator Ofgem ]]> https://ca.proactiveinvestors.com/companies/news/197020/cui-globals-gaspt-technology-attracts-industry-interest-after-being-approved-by-uk-s-energy-regulator-ofgem-197020.html CUI Global Inc. (NASDAQ:CUI) announced on Tuesday that its unique GasPT Technology has received regulatory board approval from the U.K.’s energy regulator Ofgem and sparked a huge amount of industry interest.

The group's energy subsidiary, Orbital Gas Systems commonly referred to as Orbital U.K., is behind the GasPT platform, which allows for better gas analysis. On May 10, Orbital U.K. hosted a workshop attended by Britain’s largest pipeline transmission and distribution operators, regulatory representatives and consulting groups.

“We were very pleased with the 100% attendance of invitees to our workshop. Participants were impressed with the device’s maintenance-free performance and price point,” said Orbital U.K. President Paul D. White.

“Now that it’s certified and approved for use at all directed metering points in the U.K., we saw strong lead generation at our event that should result in additional sales opportunities for our unique technology,” he added. 

Better gas analysis

After tour Orbital’s facility, the participants saw a full demo of Orbital’s patented GasPT analyzer and VE technology which employs specialized sampling probes to take smaller, more consistent and cleaner gas samples.

Orbital’s integrated GasPTi solution creates a revolutionary method to almost instantly and accurately determine the quality of natural gas. The company showcased how its technology platform provides real-time monitoring of natural gas quality without the need for in-field calibration.

The CEO said the approval from U.K’s energy regulator enabled CUI Global to “promote the technology to the full spectrum of energy producers and transporters” in the U.K.

“The enthusiasm expressed by the workshop participants and the success of our demonstration evidences the need for our device in the marketplace,” said CUI Global CEO William Clough.

Britain’s energy regulator, the Office of Gas and Electricity Markets (Ofgem), recently approved Orbital’s GasPT Technology.

From the 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.

Three months ago, the Orbital Gas Systems subsidiary won a competition from French pipeline operator ENGIE to find innovative biomethane analysis solutions.

CUI Global shares were up 2.97% at $2.77.

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Tue, 15 May 2018 09:03:00 -0400 https://ca.proactiveinvestors.com/companies/news/197020/cui-globals-gaspt-technology-attracts-industry-interest-after-being-approved-by-uk-s-energy-regulator-ofgem-197020.html
<![CDATA[Media files - CUI Global looking to be profitable in the second half of 2018 ]]> https://ca.proactiveinvestors.com/companies/stocktube/9283/cui-global-looking-to-be-profitable-in-the-second-half-of-2018-9283.html Mon, 14 May 2018 15:46:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/9283/cui-global-looking-to-be-profitable-in-the-second-half-of-2018-9283.html <![CDATA[News - CUI Global to participate in B. Riley FBR’s investor conference in California ]]> https://ca.proactiveinvestors.com/companies/news/196746/cui-global-to-participate-in-b-riley-fbrs-investor-conference-in-california-196746.html CUI Global Inc. (NASDAQ:CUI) announced on Thursday that it will participate in the 19th annual B. Riley FBR Institutional Investor Conference in Santa Monica, California.

CUI Global CEO William Clough will showcase the company’s story at 1.30 pm ET on May 24 in front of over 1,000 institutional investors, corporate clients and high net worth individuals.

Clough and Daniel Ford, CUI Global's CFO will have one-on-one meetings with investors on the sidelines of the conference.

Separately, Ford who is also the chief operating officer of the high-growth energy division will meet with investors at the 15th annual Craig-Hallum Institutional Investor Conference in Minneapolis, Minnesota.

The Oregon-based electro-mechanical and power components manufacturer posted earnings on Monday that beat Wall Street revenue expectations.

READ: CUI Global subsidiary Orbital Gas Systems North America unit wins orders from top petrochemical and gas company

Revenue expanded to US$22.0mln compared to US$17.8mln on a year-over-year basis, handily beating consensus estimates of US$20.04mln.

“Strong revenue and record backlog in the first quarter reflect continued execution on our strategy to leverage our industry-disrupting technologies to build demand with new customers and across new geographies,” said Clough.

Last week, CUI Global’s subsidiary Orbital Gas Systems North America unit received orders for its gas sampling technology from what it described as "several Fortune 100 energy companies in the oil-and-gas industry based in Houston, Texas."

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Thu, 10 May 2018 08:23:00 -0400 https://ca.proactiveinvestors.com/companies/news/196746/cui-global-to-participate-in-b-riley-fbrs-investor-conference-in-california-196746.html
<![CDATA[News - CUI Global 1Q earnings show revenue bump on strong energy orders ]]> https://ca.proactiveinvestors.com/companies/news/196475/cui-global-1q-earnings-show-revenue-bump-on-strong-energy-orders-196475.html Oregon-based electro-mechanical and power components manufacturer, CUI Global Inc. (NASDAQ: CUI), posted earnings on Monday that beat Wall Street revenue expectations.

Revenue expanded to US$22.0mln compared to US$17.8mln on a year-over-year basis, handily beating consensus estimates of US$20.04mln.

“Strong revenue and record backlog in the first quarter reflect continued execution on our strategy to leverage our industry-disrupting technologies to build demand with new customers and across new geographies,” said CUI Global CEO William Clough, in a statement.

For the quarter ended March 31, the company posted a loss of US$0.11 per share.

CUI Global’s power and electromechanical (P&EM) segment had an unaudited backlog of $26.1mln on March 31, 2018, up from US$20.2mln in the December quarter.

“Our P&EM segment continues to benefit from new and expanded distributor relationships supplemented this quarter by initial ICE technology sales. In our energy segment, with a new, larger facility in Houston we are winning higher dollar integration projects from leading energy providers in North America,” said Clough.

The company indicated it was hopeful about resuming a large energy product contract with a longtime customer in Italy. 

“Looking ahead, we are well positioned to drive volume and sales growth and improve the profitability of our sales mix,” said Clough.

Read: CUI Global's Orbital Gas Systems North America unit wins orders from several energy firms

CUI Global announced on Monday that its Orbital-UK subsidiary secured contracts totaling US$4.58mln from U.K.’s gas transmission network.

CUI Inc. recently inked a tie-up with Master Electronics, a large California-based distributor, to sell and market CUI’s full suite of power and electro-mechanical parts, audio and USB connectors, rotary encoders, as well as speakers and microphones.

Partnering with Master Electronics allows the firm to introduce its products to new customers. CUI Inc. recently received an order for its ICE Block units and ICE Switches worth US$2.9mln. The order is for 400 ICE Blocks and additional ICE Switches, which are expected to be delivered to the unnamed customer in the fourth-quarter of 2018.

In April, B. Riley FBR analyst Liam Burke recommended CUI Global stock and issued a 12-month US$6 price target.

“The engineered, applications-specific nature of CUI’s products enables the company to reduce the pressure on gross margins that is often caused by product commoditization,” wrote Burke in the research note.

The analyst also highlighted “catalysts” that would boost profits.     

“The company’s strategy is to drive revenue and margin growth by building on its base of core products and to expand its product offerings through innovation, new applications for existing technologies, and selective acquisitions. We see a clear catalyst ahead, as we believe that significant rollouts of the GasPT analyzer and ICE systems should have a positive effect on the balance sheet and share price,” wrote Burke.

CUI Global maximizes shareholder value through the acquisition and commercialization of new technologies. The company has built a diversified portfolio of technologies through its many subsidiaries.

Shares were flat in pre-market trading.

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Mon, 07 May 2018 08:54:00 -0400 https://ca.proactiveinvestors.com/companies/news/196475/cui-global-1q-earnings-show-revenue-bump-on-strong-energy-orders-196475.html