TUALATIN, Ore.--(BUSINESS WIRE)--CUI Global, Inc. (OTCBB:CUGI), a platform company dedicated to the acquisition, development, and commercialization of new, innovative technologies, today announced it has received safety approval from Canadian Standards Association (CSA) for its Vergence™ (GasPT2) Device. CSA certification is the recognized standard for safety certification in the natural gas industry throughout North America, including the U.S. and Canada.
As described by CUI Global’s President & CEO, William J. Clough, “receipt of this respected safety approval allows CUI Global to deploy our Vergence™ devices throughout North America and various parts of Asia. Combined with our recently obtained Baseefa certification, this CSA certification gives us the ability to deploy our Vergence™ devices on a worldwide basis.”
CSA International, a member of the CSA Group, is a provider of product testing and certification services for electrical, mechanical, plumbing, gas and a variety of other products. CSA is recognized in the U.S., Canada and around the world as a leader in the testing and certification industry – CSA’s marks appear on billions of products worldwide.
CSA International certification proves that a product, process or service has been tested to a Canadian or U.S. standard and it meets the requirements of an applicable CSA standard or other recognized document used as a basis for certification.
CSA International is accredited by national agencies including:
- Occupational Safety & Health Administration (OSHA) – Nationally Recognized Testing Laboratory
- American National Standards Institute (ANSI)
- National Voluntary Laboratory Accreditation Program (NVLAP)
- National Evaluation Service (NES)
- Standards Council of Canada (SCC)
Clough continued, “CSA approval is one of the last hurdles in bringing the Vergence™ Technology to market. We can now begin the process of introducing this exciting new technology to the world’s largest gas companies in potentially the world’s largest natural gas market, the United States and Canada.”
“Much as we have done in Europe, we expect to meet with some of the largest North American transmission companies and natural gas producers, along with large scale natural gas consumers to provide them with Vergence test devices in the next few weeks,” explained Clough.
“Following those test, we are confident that, just like the European natural gas industry, the North American companies will recognize the value of our unique devices – Devices that allow the natural gas consumer/user to monitor the quality of the natural gas in the pipeline in a quick, accurate, cost effective manner simply unavailable using current technology,” concluded Clough.
About CUI Global, Inc.
CUI Global is a publicly traded platform company dedicated to maximizing shareholder value through the acquisition and development of innovative companies and technologies. From its Vergence GasPT2 platform targeting the energy sector, to its subsidiary CUI Inc.'s industry leading digital power platform targeting the networking and telecom industries, CUI Global has 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. CUI Global prides itself on operating with the same level of integrity, respect, and philanthropic dedication that was put in place by CUI Inc.’s founder more than 20 years ago. It is these values that allow the company to make a difference in the lives of their customers, their community, their employees, and their investors. Recently, a move was made to merge and streamline resources with its subsidiary CUI Inc. in order to create a unified, international brand that now positions CUI Global for further strategic expansion.
For more information, please visit www.cuiglobal.com and 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.