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04.04.2018 15:05
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CUI Global Subsidiary CUI Inc. and Master Electronics Enter into Global Distribution Agreement
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PR Newswire
TUALATIN, Ore., April 4, 2018
TUALATIN, Ore., April 4, 2018 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI), announced that its wholly-owned subsidiary, CUI Inc. (CUI) has signed a worldwide distribution agreement with Master Electronics, one of the largest global distributors of electronic components. Master Electronics will distribute and market CUI's extensive product portfolio of power, interconnect, motion, audio and thermal management technologies to the design, OEM and contract manufacturer communities.
"Our new partnership with Master Electronics speaks to our technical capabilities, brand strength and the depth of our offering," stated William Clough, president and CEO of CUI Global. "We believe that Master Electronics' innovative and disruptive marketing strategies and seasoned sales team will serve to expand CUI Inc.'s customer base for its world-class products and solutions."
Matt McKenzie, president of CUI Inc, said, "As a business we are committed to bringing the products and technologies to market that keep pace with our customers' ever-changing needs. Whether based on efficiency, cost-savings or flexibility, we are continually striving to innovate so our customers will benefit. Partnering with Master Electronics allows us to continue these efforts while introducing our company's products to many new customers."
Headquartered in Santa Monica, California, Master Electronics is a leading authorized distributor of electronic components dedicated to stocking breadth of part numbers. Founded in 1967, Master Electronics has been supplying top quality components for industrial, military, medical, aerospace and consumer applications.
"Our entire team is excited to be working with a market leader," said Riad Nizam, president of Master Electronics. "A wide range of CUI products are in stock and available off the shelf for immediate delivery."
About CUI Inc.
CUI, Inc. is an electronic components manufacturer specializing in a diverse range of product technologies. As a leader in power electronics, the organization supports customers as they strive to improve the energy efficiency and environmental credentials of their application. The company's interconnect, audio, motion and thermal management groups provide engineers with reliable and proven solutions across a range of market segments as technology allows the world to connect in new ways. An unwavering commitment to the design engineer has been a hallmark of CUI's sustained growth since its founding in 1989 and will continue to be the primary mission as they expand their product technologies, manufacturing capabilities and global reach. For more information, please visit www.cui.com.
About CUI Global, Inc.
Delivering Innovative Technologies for an Interconnected World . . . . .
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 GasPT2 platform targeting the energy sector, to CUI Inc.'s digital 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.
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.
| Media Contact: | External IR Counsel: |
| CUI Global, Inc. | LHA Investor Relations |
| Jeff Schnabel | Sanjay M. Hurry |
| Main: 503-612-2300 | 212-838-3777 |
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SOURCE CUI Global, Inc.
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