CUI Global, Inc.'s Wholly-Owned Subsidiary, CUI Inc, Named as One of Three Founding Members of Digital Power Consortium, "Architects of Modern Power"
Architects of Modern Power (AMP) promises to advance power system technology and boost supply chain reliability for distributed power systems
TUALATIN, Ore., Oct. 16, 2014 /PRNewswire/ -- Three leading power supply manufacturers announced on October 14, 2014, the formation of a new power industry consortium, the Architects of Modern Power ("AMP"). As a founding member of the consortium, CUI Global's wholly-owned subsidiary, CUI Inc, joins two other internationally recognized, global players in developing advanced power conversion technology for distributed power architectures. See, Architects of Modern Power announcement.
The AMP Group (Architects of Modern Power) is a unique, long-term strategic alliance that will enable the power design community to benefit from world-leading technology innovation and unrivalled supply chain security. It's an alliance like no other. The consortium's long-term strategic alliance will foster close collaboration between members to develop shared technology roadmaps.
The participating companies will establish common mechanical and electrical specifications for their products, standardization of monitoring, control and communications functions, and create common configuration files for plug-and-play interoperability between products from each firm. The end result will be a true multi-sourced, high efficiency power ecosystem with exceptional supply chain reliability through continuity of production.
Mohan Mankikar, President of Micro-Tech Consultants and a leading authority on the power supply industry, commented, "The AMP Group offers a higher level of collaborative effort for the development of advanced power solutions for the distributed power architecture, as it includes hardware, software and support compatibility among participants for a true multi-source business environment. In addition, it plans to collaborate on a shared long-term strategic technology roadmap, a proposition unique in the power supply industry."
"This consortium is a tremendous opportunity for CUI and the other Founding Members to dramatically effect the adoption of digital power technology," explained CUI Global's president & CEO, William Clough. "By setting mechanical, electrical, and configuration standards, AMP Group will allow the industry to adopt the technology in an organized, strategic manner with confidence in uniform standards, performance, and interoperability."
"We are proud to be a founding member of this exciting organization and to be partnered with such respected, internationally recognized industry-leaders," Clough concluded.
The AMP Group will announce its first set of standards, for digital Point-of-Load regulators and advanced bus DC-DC converters, at electronica 2014 in Munich, November 11-14th, 2014. For more information, visit www.ampgroup.com.
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 Architects of Modern Power
The AMP Group is a consortium of leading power companies collaborating to create a defacto industry standard for distributed power architecture designs by jointly defining and developing a roadmap of advanced power solutions. It comprises CUI Inc, Ericsson Power Modules and Murata Power Solutions. The consortium aims to define the future of power by providing a complete ecosystem for distributed power designs, offering the best technological solution as well as reducing supply chain risk.
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.
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SOURCE CUI Global, Inc.
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