CUI Global Subsidiary CUI, Virtual Power Systems strengthen partnership

CUI Global, Inc. (NASDAQ: CUI) wholly owned Power & Electromechanical Division, CUI Inc. (“CUI”) has entered into an amended partnership agreement with Virtual Power Systems (“VPS”) on the design, development, marketing and sales of VPS´s proprietary Intelligent Control of Energy® (ICE) Software Defined Power® (SDP) infrastructure, the company said.

In a separate agreement, CUI Global has made an investment for a minority stake in VPS in support of the companies´ continued collaboration and development of industry transforming SDP technologies.

Under the terms of the amended partnership agreement, CUI has extended its exclusive relationship with VPS to 2024 from the original expiry date of 2019.

The agreement also calls for an automatic renewal provision and enhanced protections around CUI´s intellectual property as it relates to ICE Block and ICE Switch, the industry´s first SDP ICE Compatible devices based on VPS´s ICE software platform. CUI´s ICE-compatible devices, when combined with VPS´s ICE software, provides data center operators with the ability to increase power density at the rack level while consolidating racks in the data center 2:1 by tapping into “stranded unutilized power capacity.”

Building on the companies´ amended partnership, CUI Global´s investment in VPS supports the development of Hyper-Converged Power Infrastructure solutions, and, ultimately, federation and orchestration of power and IT loads across multiple data centers.

CUI Global, Inc., is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. For more information visit www.cuiglobal.com.

CUI Inc. is a technology company focused on the development and distribution of electronic components. At the 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. For more information visit www.cui.com.

Virtual Power Systems (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.