By Tuesday, January 22, 2013 -TUALATIN, OR - CUI Inc, a subsidiary of CUI Global, Inc. (NASDAQ:CUI), today announced that it has signed a global distribution agreement with Future Electronics, a world class leader and innovator in the distribution and marketing of electronic components. This agreement allows Future Electronics to leverage their experience and resources to launch CUI's product portfolio to a global market and a diverse customer base. In selecting Future Electronics as a global distribution partner, CUI noted the strength of Future Electronics' demand creation programs and its robust field support resources which will add greater reach for its Novum® Advanced Power product line as well as its broad portfolio of standard power supplies and board level components.
Under the terms of the agreement, Future Electronics will now begin a phased rollout of products from CUI's Power and Components groups with stock available immediately for many items.
"We are very pleased to be launching the CUI franchise," said Jodie Metsos, Vice President of Corporate Product Marketing for Future Electronics. "Their line of power supplies and board level components has had a tremendous amount of interest from our sales and engineering teams and most importantly, our customers. We see a very positive outlook for the Future/CUI partnership."
"As a worldwide leader in the distribution industry Future has long distinguished itself as a first class organization in this space," said Matt McKenzie, President of CUI. "We believe the core strengths of our companies align very well, and we look forward to greatly expanding our market reach through this partnership."
For more information, visit www.FutureElectronics.com.
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.
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.
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