Virtual Power Systems Names Power Industry Leader and CUI Global CEO William J. Clough to its Board of Directors

MILPITAS, Calif., April 4, 2019 /PRNewswire/ -- Virtual Power Systems (VPS), creator of Software Defined Power® (SDP), today announced that William J. Clough, chairman, president and CEO of CUI Global (Nasdaq: CUI), has joined the VPS Board of Directors. In this position, Clough will help guide VPS on its fast-growth trajectory of setting new standards in power infrastructure efficiency and economics.

"VPS is very fortunate to have an executive of Bill's caliber and proven track record of implementing growth strategies assist us in gaining rapid market adoption of our category-leading Software Defined Power solutions," said Steve Houck, CEO of Virtual Power Systems. "His leadership in vital power and energy industry segments will prove invaluable as we continue to build a robust ecosystem of partners and transform data center power for the largest data centers worldwide."

At CUI Global, Clough leads the company's power and energy business segments, including the development of next-generation power technologies with VPS to validate VPS' disruptive Intelligent Control of Energy® (ICE) technology. CUI Global led Virtual Power Systems' recent $17M growth capital financing round. In his role as CUI Global's CEO, Clough was instrumental in establishing the organization's energy division, including the formation of its energy operations in North America. He also guided the company to its largest energy contract award to date while concurrently managing CUI Global's power and electro-mechanical business to higher-than-industry-average growth rates.

"I am honored to join the VPS board and contribute my experience and perspective at this exciting time of accelerated business growth and SDP innovation," said Clough. "We share a belief that technology innovation and software intelligence are imperatives for architecting resilient, distributed data center power infrastructures, and I look forward to working with Steve and the entire VPS leadership team to deliver upon the tremendous opportunity ahead."

Prior to joining CUI Global in 2006, Clough founded and operated a multi-state law firm for 14 years and also was a law enforcement officer and U.S. Federal Air Marshal. He holds a Juris Doctorate from the University of California Hastings College of Law.

As the pioneer in virtualizing power, VPS enables energy to be reallocated on-demand to data center racks, nodes, workloads or circuits using AI and machine learning to predict and respond to changes in power capacity and demand. SDP-enabled power components, including uninterruptible power systems, generators, power distribution units, battery backups and power supply units, can react quickly and effectively to sudden shifts and surges in power usage patterns.

Supporting resources

• White Paper: A Transformative Approach to Power Optimization in Datacenters
• Peak-Shaving Demonstration: https://bit.ly/2U8C9in
• Dynamic Power Demonstration: https://bit.ly/2BUPxQm
• More news from VPS

About Virtual Power Systems
Virtual Power Systems (VPS) is transforming how next-generation data center and cloud providers provision, manage and utilize power capacity with its ground-breaking Software Defined Power® and Intelligent Control of Energy® (ICE) technology platform. VPS eliminates the need to over-provision power as ICE dynamically adjusts power delivery as demand fluctuates across data-center workloads, servers and racks. ICE enables data center and cloud providers to generate significant additional revenue within existing power and IT footprints while avoiding millions of dollars in capital expenditures and operating expenses. Additionally, VPS empowers enterprise customers to reduce power infrastructure wait times and costs.

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

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.

For more information, contact:
Sue Hetzel/HetzelMeade Communications, Inc.
[email protected] 
760.473.4729

SOURCE Virtual Power Systems

Related Links

http://www.virtualpowersystems.com

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