Arrow Electronics and CUI Global, Inc.'s Wholly-owned Subsidiary, CUI Inc., Enter into Worldwide Distribution Agreement

TUALATIN, Ore., Jan. 17, 2017 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned subsidiary, CUI Inc. (CUI) has signed a worldwide distribution agreement with Arrow Electronics, Inc., a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. In partnering with the digital team at Arrow Electronics, CUI will be able to utilize www.arrow.com and Arrow's established network to reach its diverse and expanding global customer base.

Arrow will distribute over 1000 CUI SKUs across a number of electromechanical technologies. CUI's power portfolio ranges from 1 W to 12,000 W and offers a variety of ac-dc power supplies and dc-dc converters from the front-end to the point-of-load. Complementing its power product line is a diverse range of proven electromechanical devices consisting of audio, interconnect, motion control and thermal management products. Under the agreement, Arrow Electronics has already started a phased rollout of CUI products with stock available immediately for many items at www.arrow.com.

"We are very excited to announce our partnership with Arrow Electronics," said CUI's President, Matt McKenzie. "We believe Arrow and their innovative approach to business is an ideal fit for CUI.  It is this forward-thinking mindset coupled with Arrow's commitment to supporting the engineer from the design phase to production that aligns well with our goals to ensure our customers' projects are a success from start to finish," McKenzie concluded.

Added William Clough, president and CEO of CUI Global, Inc., "With the addition of Arrow, we now count four of the industry's top electronics distributors as CUI partners. Given our product mix and our commitment to bringing leading-edge technoloies to market, this new partnership enables us to expand our customer reach and drive growth in this division."

To learn more about CUI, visit https://www.arrow.com/en/manufacturers/cui-inc

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.

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.

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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arrow-electronics-and-cui-global-incs-wholly-owned-subsidiary-cui-inc-enter-into-worldwide-distribution-agreement-300392199.html

SOURCE CUI Global, Inc.

[ Back To TMCnet.com's Homepage ]