CUI Signs License Agreement for Ericsson’s Advanced Bus Converter Products

CUI Inc., a subsidiary of CUI Global, Inc., has entered into a license agreement with Ericsson for their digital Advanced Bus Converter (ABC) family which provide unprecedented performance to system architects developing equipment for ICT (Information and Communication Technology) market. The license agreement will enable original equipment makers (OEMs) to address interoperability challenges, reduce time to market, and decrease supply chain risk for these leading-edge digital products.

Along with the formal license agreement, CUI and Ericsson announced an expansion of their multi-source power platform cooperation to include a common standard for digital intermediate bus converters on their respective product roadmaps moving forward. This expansion adds to the existing initiative between the two companies to develop and market multi-source, digital Point-of-Load power solutions that are based on the Ericsson footprints and designs.

"We are excited to add Ericsson's Advanced Bus Converter portfolio to our Novum® product line," stated William J. Clough, President and CEO of CUI Global. "This expansion is the next logical step in our relationship with Ericsson Power."

"Our expanded relationship with Ericsson for our Novum® products, much like our partnership with GL Noble-Denton for our Vergence® product, further strengthens and validates our strategy of partnering with industry leaders to enhance our visibility, broaden our customer base, and increase shareholder value," Clough concluded.