CUI Global, Inc. has announced that its wholly owned subsidiary, Orbital Gas Systems (Orbital) has signed a Technology and Patent License Agreement (the agreement) with Daily Thermetrics. The agreement calls for the manufacture and sale of CUI Global's patented natural gas sampling technology, VE Technology® in North America.
Daily Thermetrics is a full service engineering and manufacturing company that offers a comprehensive range of temperature measurement solutions and engineering services for the petroleum refining and petrochemical industries.
Daily Thermetrics products include both standard and fully customised temperature instrumentation for the process industries. Daily Thermetrics employs full time mechanical, chemical, and electrical engineers dedicated to:
- The analysis of the application and its thermal and velocity constraints.
- Design of instrumentation both for direct and indirect contact with the process conditions.
- Inspection and quality review.
- Installation, assembly, and onsite needs.
Daily Thermetrics provides services through their Field Engineering Services Division. Services include front end analysis and diagnostics of existing and grassroots units through the design, engineering, and production stages, to onsite supervision of installation, troubleshooting, and post-sale technical support.
CUI Global's President and CEO, William Clough, commented, "We are especially proud of our new relationship with Daily Thermetrics, a company that is both nationally and internationally known as a leader in the design, manufacturing, and sales of high tech temperature measurement technologies. We believe our VE Technology will fit perfectly into Daily's product portfolio and will allow us to more efficiently penetrate the North American energy market partnered with a respected, well known industry leader like Daily Thermetrics."
Daily Thermetrics' President and CEO, Jeffrey N. Daily, stated, "We take great pride in our ability to develop and introduce new technologies that enhance the safety, reliability and profitability of our customers' operations. While most of our technology is developed by our own engineering team specifically for our target industries, when we find a truly ground breaking technology that has been developed by others, we want to include that in our portfolio. We have identified the VE technology as such a breakthrough, and we are extremely excited to partner with Orbital in making this advanced technology widely available to the refining and petrochemical industries. This brilliantly innovative solution to a long standing challenge in our industry, combined with Daily Thermetrics' expertise and ongoing desire to continually enhance temperature measurement performance, provides a truly win-win scenario for all parties. We look forward to what the future holds for Daily, Orbital, and our customers."
Clough concluded, "This relationship with Daily Thermetrics demonstrates the continuing value of Orbital Gas Systems North America and the acquisition of Orbital-UK. We believe that as we expand Orbital's global market presence with partners like Daily Thermetrics, coupled with the impact of the VE and our other technologies, we will increase our ability to grow and enhance market penetration, revenues, and shareholder value in the future."
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/refining/17082016/cui-global-orbital-gas-systems-technology-agreement-daily-thermetrics-3934/