HOUSTON, May 12, 2020 -- CUI Global, Inc. (“CUI Global” or the “Company”) announced Friday it will change its name to Orbital Energy Group, Inc. (“Orbital Energy”), effective immediately. The new name reflects the Company’s strategic repositioning to become a diversified energy infrastructure services company. Orbital Energy’s common shares will continue to be listed for trading on the Nasdaq under the new ticker symbol ‘OEG,' which began at market opening on May 11, 2020.

YORK, Pa. / BOEBLINGEN / HEIDENHEIM (May 8, 2020) – The global technology company Voith Group and Moog Inc., both developers, manufacturers and suppliers of electric, hydraulic and hybrid drive solutions, have signed the contracts to form the joint venture HMS – Hybrid Motion Solutions GmbH based in Rutesheim on April 29, 2020. The joint venture provides for a strategic partnership to expand the hydrostatic servo-hydraulics business in various industrial markets.