CUI Global, Inc. (NASDAQ: CUI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative products and technologies, today announced that its wholly owned subsidiary, Orbital Gas Systems Ltd., through its products division, Orbital Global Solutions ("OGS") has signed a Distribution Agreement with Branom Instrument Co. (www.branom.com), a natural gas equipment distribution company based in Seattle, WA. The Agreement calls for distribution of CUI Global's patented natural gas technology, including the GasPT, the GasPTi and its VE Technology. Specifically, the agreement gives Branom exclusive distribution rights for sale of the devices in the Northwestern United States, including: Washington, Oregon, Idaho, and certain counties within western Montana.
Branom Instrument Co. is committed to complete customer satisfaction offering the highest quality products, service, repair and calibration available. Branom strives to be the best business of this type and continually works to achieve a higher level of quality through their Quality Management Program. Every employee is charged with the responsibility to meet customer requirements and to continually improve the quality of each and every action in keeping with Branom's objectives. Employee development through involvement, training, and effective communication are universally agreed upon as the essential ingredients for complete customer satisfaction. Branom is committed to continued compliance with the ANSI/NCSL Z540-1-1994 standard. They bring a wealth of experience and credibility to OGS and its proprietary portfolio of unique natural gas products.
The agreement calls for Branom to initially purchase as many as twelve (12) GasPTi-P devices for both customer demonstration and inventory.
CUI Global's President & CEO, William Clough, commented, "The agreement with Branom Instruments is a yet another step towards our sales & marketing strategy of developing a distribution network in North America and Europe. With more than 65 years of experience in the energy industry, Branom, much like Ives Equipment Corporation in the Northeast, brings long-established connections, a world-class sales team and a sterling reputation within the North American energy market. Moreover, Branom is committed to rapidly placing our technology using its extensive network of energy professionals, end users, and regulatory authorities in the Northwest United States; thus, enabling us to present and sell our devices to a broad customer base in a highly strategic and targeted fashion."
Branom's Sales Manager, Jeffrey Baker, stated, "We are excited to be CUI Global's and Orbital Global Solution's distribution partner for their technology in the Northwest. We believe in the unique and dynamic nature of the GasPT2, VE Technology, and other OGS products and we believe that those products can and will make a significant impact in the North American Natural Gas Industry."
"We are quite confident that Branom Instruments, like Ives Equipment and Benchmark Engineering in Canada, is the right partner and will begin to immediately introduce this ground breaking technology to new customers in North America – all leading to increased revenues and, thereby, increased value for CUI Global and its Shareholders," Clough concluded.