CUI Global Completes Sale and Leaseback of its Corporate Headquarters

TUALATIN, Ore., Dec. 26, 2018 /PRNewswire/ -- CUI Global, Inc. CUI, today announced it has closed on a contract of sale, dated as of December 21, 2018, on its Tualatin, OR headquarters for a purchase price of $8.1 million.

Concurrently, CUI Global entered into a lease agreement for the facility for an initial term of 10-years. Adjusting for the repayment of an outstanding mortgage on the facility, taxes and closing costs, net proceeds to CUI Global are approximately $4.5 million.  

"The completion of this sale leaseback transaction is aligned with our goal of utilizing non-dilutive financing methods to extend our cash runway by unlocking significant value from our real estate holdings as we continue to work diligently towards cash flow breakeven," said William Clough, president and CEO of CUI Global. "The leaseback also eliminates disruptions to CUI Inc., our Power and Electromechanical business, which is based at this facility."

About CUI Global, Inc.
Delivering Innovative Technologies for an Interconnected World . . . . .
CUI Global, Inc. is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. From Orbital Gas Systems' advanced GasPT platform targeting the energy sector, to CUI Inc.'s digital power platform serving the networking and telecom space, CUI Global and its subsidiaries have built a diversified portfolio of industry leading technologies that touch many markets. As a publicly traded company, shareholders are able to participate in the opportunities, revenues, and profits generated by the products, technologies, and market channels of CUI Global and its subsidiaries. But most importantly, a commitment to conduct business with a high level of integrity, respect, and philanthropic dedication allows the organization to make a difference in the lives of their customers, employees, investors and global community.

For more information please visit www.cuiglobal.com.

Important Cautions Regarding Forward Looking Statements
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included in certain forms the Company has filed with the Securities and Exchange Commission.

Media Contact:
CUI Global, Inc.
Jeff Schnabel
Main: 503-612-2300
press@cuiglobal.com

External IR contact:
LHA Investor Relations
Sanjay M. Hurry
212-838-3777
cuiglobal@lhai.com

SOURCE CUI Global, Inc.