CUI Global Subsidiary CUI Inc. Receives UL 9540 Certification for ICE Block Data Center Hardware

TUALATIN, Ore., March 12, 2018 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI), today announced that its wholly-owned subsidiary, CUI Inc. (CUI), has successfully received UL 9540 certification for its Intelligent Control of Energy (ICE) Block technology, an important milestone for customers waiting to install the innovative hardware into data center environments. The ICE Block, employing lithium-ion battery storage, shaves peaks by supplying power for peak load events and automatically recaptures power during low utilization periods. When paired with partner Virtual Power Systems' (VPS) ICE^® software, the ICE Block hardware and ICE software combine to deliver more power within data centers by elasticizing it as a resource, resulting in lower operating costs and less redundant power supply capacity.

UL 9540 requirements, which cover energy storage systems and equipment that are intended to receive, store, and provide electric energy to applications, were one of the last remaining hurdles for the ICE Block technology before releasing it to market. The UL 9540 requirements also cover several sub-standards, including UL 1741 for inverters, UL 1998 and UL 991 for functional safety, and UL 1973 for battery control modules.

"As an energy storage device containing lithium-ion batteries, the ICE Block's safety in critical environments is of the utmost importance and this UL 9540 certification reinforces the safety of this industry-first design," stated Mark Adams, CUI's Senior Vice President. "This was certainly a long and complex process stretching more than a year due to the fact that UL had never before tested a technology of this nature. However, our ICE Block hardware proved itself safe and reliable throughout the rigorous UL testing and we are thrilled to begin shipping these units to customers with UL certification now in hand," Adams concluded.

"Software Defined Power® (SDP) for the modern data center is now a reality," said Karimulla Shaikh, CTO Virtual Power Systems.  "As an early VPS partner and collaborator, CUI has embedded VPS' ICE technology in their digital power platform.  When deployed in conjunction with VPS' software control plane, customers optimize energy utilization while reducing infrastructure cost and risk.  Power-capacity constraints are a major limiting factor in today's data center environments. Our partnership with CUI has been very successful; together we continue to redefine power utilization in the modern data center with Software Defined Power solutions.  We applaud CUI for this major accomplishment," Shaikh added.

"This completion of UL certification on our ICE Block Technology is a significant achievement for CUI," said William Clough, president & CEO of CUI Global, Inc. "CUI and VPS have been pioneers in the development of SDP solutions for data centers, and now that we have obtained full UL compliance, we can confidently market this unique and compelling technology to a significant segment of this ever-expanding market," Clough concluded.

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 an electronic components manufacturer specializing in a diverse range of product technologies. As a leader in power electronics, the organization supports customers as they strive to improve the energy efficiency and environmental credentials of their application. The company's interconnect, audio, motion and thermal management groups provide engineers with reliable and proven solutions across a range of market segments as technology allows the world to connect in new ways. An unwavering commitment to the design engineer has been a hallmark of CUI's sustained growth since its founding in 1989 and will continue to be the primary mission as they expand their product technologies, manufacturing capabilities and 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.

SOURCE CUI Global, Inc.

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