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CUI Global starts trials of data center power controls

Monday, February 27, 2017 10:35
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(Before It's News)

Energy tech specialist "_blank">CUI Global Inc ( "_blank">NASDAQ:CUI) has started trials of its peak shaving
electricity controls in three data centers.

Peak shaving reduces consumption during the periods of heaviest
demand for power and its use can mean substantial savings for
customers that agree.

CUI and Virtual Power Systems set up a partnership in 2016 to
supply the market.

The three trials are for a Fortune 500 company; a top-tier data
center hardware provider; and one of the largest providers of
technology in the world that is evaluating the ICE Block/VPS
combination of technologies across its customer base.

The products are expected to move into full production status
later this year.

Matt McKenzie, president of US subsidiary CUI Inc, said:
“We are excited about the recent installations and the technical
validation these deployments are bringing. 

“We believe that this is a major step in the traction of this
disruptive technology. We are looking forward to demonstrating
further the advantages of the ICE platform with many more customers
in the near future.”

William Clough, CUI
Global
’s chief executive, added: “Deployment of these test
units to three renowned, industry leading companies, is the first
step in gaining industry acceptance of this unique
technology. 

“As the results of these test units become available, we are
convinced that the many benefits, including enhanced performance
and peak shaving ability, will create demand, market penetration,
and, ultimately, increased revenues and earnings from this exciting
new technology.” 

Story by target="_blank">ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/173545/cui-global-starts-trials-of-data-center-power-controls-173545.html

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