CUI Inc, a subsidiary of CUI Global, Inc. (OTCBB:CUGI), has reached a statement of cooperation with Ericsson, the world's leading provider of technology and services to telecom operators, under which it will develop and market multi-source, digital Point-of-Load (POL) power solutions that are based on the Ericsson footprints and designs.
The agreement concerns Ericsson’s current BMR46X platform and plans for its expansion. CUI will initially develop and bring to market a solution that is pin and function compatible with the BMR46X platform under CUI’s Novum Advanced Power product line. Novum digital non-isolated POL modules allow power design engineers to realize better energy efficiencies, more compact designs, and improved time-to-market compared to traditional analog technology.
The initial efforts by CUI will be followed by CUI and Ericsson cooperating to provide solutions outside of the 12A to 40A range.
“Given the diversity and complementary strengths of our respective experience and know-how in digital power, we look forward to cooperating with Ericsson to further the advancement of our Novum power products,” stated Mark Adams, VP of Advanced Power Marketing for CUI Inc. “Together, we expect to bring the digital power revolution to a whole new level.”
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.cui.com.
About CUI Global, Inc.
CUI Global is a publicly traded platform company dedicated to maximizing shareholder value through the acquisition and development of innovative companies and technologies. From its 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.
For more information, please visit www.cuiglobal.com.
Important Cautions Regarding Forward Looking Statements
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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IR Coordinator, 503-612-2317
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