CUI Global Reports Q3 2012 New Sales Orders of $13.72M, Up 51% Year-over-Year

CUI Global

today announced that its wholly owned subsidiary, CUI, Inc., a provider of electromechanical components, posted record bookings for this quarter of $13,721,715 in new sales orders during third quarter 2012.  These bookings represent a $4,615,146 or 51% increase in new sales orders from third quarter 2011. In addition, CUI's sales order backlog as of September 30, 2012 was $14.7 million. This represents a $5.6 million increase from the $9.1 million sales order backlog at the end of third quarter 2011, an increase of 61%, reflecting the continued strength of the company's product offering and sales efforts."While these numbers still do not reflect any substantial revenues from our Vergence®, Novum®, and/or Solus® Technologies, this year-over-year growth does represent dramatic evidence of CUI's ability to close OEM business," explained CUI Global's president &CEO, William Clough.  "We believe that the trend represented by these third quarter numbers, coupled with fourth quarter purchase orders for our GasPT2 Natural Gas Metering Device, will lead to a growth year for FY 2012."  Clough concluded.