PRNewswire 14-Jan-2019 5:30 AM
TUALATIN, Ore., Jan. 14, 2019 /PRNewswire/ -- CUI Global, Inc. (NASDAQ:CUI), announced today that its wholly-owned Power & Electromechanical Division, CUI Inc. ("CUI"), has been awarded Electronic Products' 2018 Product of the Year award in the electromechanical category for its proprietary AMT21 and AMT23 absolute encoder series. Selected by a respected group of Electronic Products editors, the 43rd annual awards recognize outstanding products in the industry that demonstrate significant advancements in technology, innovative design, or substantial improvements in performance.
CUI's AMT21 and AMT23 encoder series output 12 bits or 14 bits of single-turn or multi-turn absolute position information and are based on CUI's proprietary capacitive sensing technology. This capacitive platform offers a highly durable and accurate position feedback solution that is resilient to dirt, dust, and oil that typically plagues encoders in motion applications. The digital nature of these absolute encoders also makes them highly customizable and configurable via CUI's AMT Viewpoint™ software, while their compact, simple design further reduces the time-consuming tasks of mounting and alignment to mere seconds, thereby offering significant cost savings during the manufacturing process.
"CUI is honored to receive this recognition from Electronic Products for the latest series to our AMT encoder family," stated CUI President Matt McKenzie. "Our AMT encoders are a growing product line with multitude potential applications, and this award further validates the technology behind our proprietary capacitive platform."
Added CUI Global Chairman and CEO William Clough, "Delivering innovation is at the heart of everything we do at CUI. Our proprietary capacitive sensing technology is a paradigm shift in the industry as we strive to add value to our customers. This award is a credit to Matt and his team, and I look forward to further success in the future."
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 GasPT® 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.
About CUI Inc.
CUI Inc. is a technology company focused on the development and distribution of electronic components. At the leading edge of power supply design, the organization supports customers as they strive to improve the energy efficiency and environmental credentials of their application. The company's power group is complemented by a portfolio of world-class board level components, consisting of interconnect, audio, motion control and thermal products. An unwavering commitment to create collaborative partnerships with customers and a drive to see that their design project is a success has been a hallmark of CUI's sustained growth since its founding in 1989. As a leader in the industry, CUI will continue to invest in the future through new technologies, talented employees, expanded manufacturing capabilities, and a growing global reach. For more information, please visit www.cui.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.
CUI Global, Inc.
External IR contact:
LHA Investor Relations
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SOURCE CUI Global, Inc.
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