CUI Global, Inc. (CUGI) Enters Three Year Exclusive Distribution Agreement with Orbital UK for Vergence™ GasPT2 Device
CUI Global Inc., a company engaging in commercializing thermal management solutions for LED display, semiconductor, and electronic packaging industries, announced that it has entered into a three year exclusive distribution contract with Orbital-UK for marketing, sales, distribution, and service for its Vergence™ GasPT2 gas metering technology in the United Kingdom. The agreement is for the sale of as many as 1,500-2,000 units and is valued from $30,000,000-$40,000,000 over a period of three years. The Company expects to begin delivering the product in the late first quarter of 2012. Orbital has suggested that, conservatively, there exist thousands of natural gas metering…