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CUI Global Inc’s UK subsidiary picks up $1.4mln contract with National Grid
Energy tech specialist CUI Global Inc (NASDAQ:CUI) told investors its UK energy subsidiary has been awarded a large contract worth around $1.4 million.
Orbital Gas Systems Ltd will deliver additional its IRIS remote technology to the National Grid – the UK’s largest natural gas transmission company, it said.
CUI said: “While Orbital has now begun development of a “next generation” IRIS solution, this order, worth approximately $1.4 million, calls for the design, construction and delivery of a further 13 IRIS-RTU systems and associated electrical kiosks.”
The delivery will begin this month (March 2017) with the final system expected to be delivered in the third quater of this calendar year.
Orbital’s IRIS tech allows any user from anywhere in the world to easily monitor and control their assets.
It improves the interface between sites, control room and operatives at all levels and locations.
President of Orbital UK, Richard Law, said, “This will be the ninth year of integrating our IRIS-RTU system into the National Grid gas transmission network and I am pleased that there is further recognition of the benefits of our unique IRIS software from this industry leader.”
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/175475/cui-global-inc-s-uk-subsidiary-picks-up-14mln-contract-with-national-grid-175475.html
