CUI Global Inc (NASDAQ:CUI) said Wednesday that its wholly-owned energy subsidiary, Orbital Gas Systems Ltd, made a pact with Germany’s Samson Aktiengesellschaft for sales and distribution of its flagship GasPTi analyzers and VE technologies.
The Memorandum of Understanding (MoU) is expected to be followed by a formal agreement in the next 60 days.
Frankfurt-based Samson AG, a market leader in flow control solutions for industrial processes, has 50 subsidiaries and a footprint in 66 countries. It manufactures industrial valves and sells instruments and plants for various applications in process engineering, as well as the heating, ventilation, and air-conditioning sector. It markets its products to power and energy, and industrial sectors worldwide.
“As an organization we are singularly focused on advancing the flow control space through innovation. This MoU is aligned with our commitment to partnering with technology innovators that can extend our capabilities in delivering solutions and services that offer our customers actionable insight into their industrial processes,” said Wolfgang Beck, director of Modular Systems and Solutions at Samson.
“With its near real-time capabilities and low-maintenance profile, Orbital's GasPT and VE technology solutions are a game-changer for the gas industry," added Beck.
The GasPT platform has a revolutionary method of almost instantly and accurately determining the quality of natural gas.
The company’s second flagship product is its VE technology, which employs specialized sampling probes to take smaller, more consistent and cleaner gas samples.
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"We are proud to announce the signing of the MoU and are excited by the prospect of leveraging Samson’s global sales infrastructure to access previously, untapped large gas markets, such as Russia and China," said CUI Global CEO William Clough.
"Samson’s reputation for innovative technology and leadership validates the disruptive nature of our GasPT and VE Technology products, and its ubiquitous presence in the gas industry makes it the ideal partner with which to advance adoption of GasPT and VE technology on a global scale," added Clough.
Contact Uttara Choudhury at [email protected]