CUI Global Inc CUI said its UK-based subsidiary, Orbital Gas Systems Ltd has completed the Factory Acceptance Test of its GasPT analyzers successfully. It was conducted by Europe's biggest natural gas transmission firm, Snam Rate Gas, according to the company.
CUI Global indicated that representatives from both sides were present for the FAT. Before the formal FAT, the company said GasPT tested with sample/network gasses exhaustively under varying conditions.
The company's President and CEO, William Clough, commented, "Successful completion of the factory acceptance test is a significant achievement for everyone involved with the GasPT and the gas quality analyzer project. We are extremely proud that our GasPT analyzers will be providing the critical analytical data to Snam and we look forward to working with Snam Rete and Socrate as this project proceeds."
On Monday, the stock closed in the red with a loss of 3.71 percent.
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