CUI Global’s energy subsidiary names Germany’s Samson global distributor to access the large gas markets in Russia and China

CUI Global Inc (NASDAQ:CUI) said Thursday that its wholly-owned energy subsidiary, Orbital Gas Systems Ltd, signed an agreement with Germany’s Samson Aktiengesellschaft for exclusive sales and distribution of its flagship GasPT, VE technologies and GasPTi analyzers for all global markets except North America and Europe.

The agreement spells out specific performance milestones, which Frankfurt-based Samson AG must achieve to maintain “exclusivity.”

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. Orbital’s proprietary technology fits snugly into Samson’s push to offer leading edge flow control solutions.

READ: CUI Global’s energy subsidiary signs pact with Germany’s Samson to boost global distribution channel

“This agreement is reflective of our continuing ability to drive market adoption of our gas technology solutions,” CUI Global CEO William Clough said in a statement.

“In Samson we have secured a global partner whose established presence in energy markets worldwide can open additional opportunities for us, particularly in Russia and China. Samson’s commitment to us recognizes the disruptive nature of our solutions at a time when the shift to gas as an increasingly important component of the global energy mix gains momentum. We look forward to a successful partnership with Samson,” added Clough.

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.

“Partnering with Orbital aligns us with a gas measurement technology that is quickly gaining the attention of energy operators globally. This agreement represents another important step in Samson’s strategy to partner with technology innovators to the benefit of our customers,” said Wolfgang Beck, director of Modular Systems and Solutions at Samson.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Story by ProactiveInvestors