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CUI Global Subsidiary, CUI Inc., Signs Hardware Development Agreement with Virtual Power Systems

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CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned subsidiary, CUI Inc, has entered into a limited exclusivity agreement for hardware development with Virtual Power Systems (VPS), a cutting edge Software Defined Power® company. The companies will partner to set a new standard for an efficient power infrastructure for data centers.

With this agreement, CUI will exclusively design, manufacture, and sell the ICE Block hardware component of the ICE (Intelligent Control of Energy) system that realizes the full value of the VPS solution. The ICE Block hardware is managed and controlled through the ICE Platform, a tightly integrated suite of software developed by VPS. The ICE Block will enable data center operators to double power and server utilization, reduce costs, and greatly improve availability. This partnership between the two organizations is the first step in creating a larger Software Defined Power ecosystem, from board level to system level, ultimately creating a more intelligent, more efficient data center infrastructure.

"We continue to look for partners that add value to the entire power ecosystem," said Matt McKenzie, President of CUI Inc. "This partnership is the first that is outside of the power supply itself and adds significant value

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