Telecomunicazioni
CUI Global Subsidiary Orbital Gas Systems Secures Third Purchase Order Under U.K. BioMethane Contract
The GasPT's recent certification from Ofgem was followed closely by approval from the U.K. Environmental Protection Agency under the European Union Emissions Trading System ("EU ETS"), also known as the European Union Emissions Trading Scheme, the first large greenhouse gas emissions trading scheme in the world. EU ETS certification means that the GasPT device is now certified for fiscal monitoring throughout the U.K. and Western Europe .
CUI Global President & CEO William Clough said, "This most recent award and additional BioMethane projects anticipated as a result of the U.K.'s RHI incentives underscores the changing regulatory and CAPEX environments in the U.K. that serves as a tailwind for our Energy business and a roadmap for future demand across Western Europe . With the significant number of bids we have outstanding for proposed BioMethane-to-grid projects in the U.K., the recent certifications of our GasPT by Ofgem and the EU ETS and Orbital's world-class engineering capabilities, we are on the path to greater Energy revenues."
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 advanced 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
Orbital Gas Systems, (Orbital) has offices in the United Kingdom and Houston , Texas. For over 30 years, Orbital has developed its portfolio of products, services and resources to offer a diverse range of personalized gas engineering solutions to the gas utilities, power generation, emissions, manufacturing and automotive industries. Orbital's internationally recognized expertise in the natural gas industry, including bringing together the patented VE Technology® with the ground-breaking GasPT device, offers natural gas operators and users a comprehensive engineering array for the next generation of energy metering systems. Orbital is a wholly owned subsidiary of CUI Global, Inc.
For more information, please visit: www.orbitalgas.com
Logo - https://mma.prnewswire.com/media/322728/cui_global__inc__logo.jpg