CUI Global Reports Record New Sales Orders of $4,200,000

May 08, 2012 by Jeff Shepard

CUI Global, Inc. announced that its wholly owned subsidiary, CUI Inc. a provider of electromechanical components, posted record bookings of new sales orders of $4,200,000 in April 2012.

Year-to-Date bookings of new sales orders as of April 30th were $13,667,000, up from $13,165,000, during the same period last year. The previous record for bookings of new sales orders during the month of April was $3,900,000. In addition, CUI’s sales orders backlog as of April 30th 2012 was $11,300,000 up from $9,245,000 at December 31, 2011, an increase of over 20%, reflecting the continued strength of the company’s product offering and sales efforts.

"This growth and these numbers do not yet reflect any substantial revenues from our Vergence™, Novum® Power, or Solus™ Topology technologies," explained CUI Global’s president & CEO, William Clough. "Rather, these strong numbers and record bookings reflect CUI’s ability to close OEM business, a continuing trend which we believe will lead to a growth year for FY 2012."