Proactive Investors - Run By Investors For Investors

CUI secures US$2.9mln order for its ICE Block data centre power utilisation solution

CUI said the earlier-earlier-than-expected order reflects growing interest in its disruptive power provisioning solution
data centre
ICE Block and Switches could save data centres millions of dollars

CUI Global Inc’s (NASDAQ:CUI) wholly-owned subsidiary CUI Inc has received an order for its ICE Block units and ICE Switches worth US$2.9mln.

The order is for 400 ICE Blocks and additional ICE Switches, which are expected to be delivered to the unnamed customer in the fourth-quarter of 2018.

CUI’s ICE Switch is a power monitoring and switching system that connects to Virtual Power Systems' (VPS) ICE (Intelligent Control of Energy) Software to provide dynamic redundancy inside a data centre.

Put simply, usually in a data centre, half of the power infrastructure is untapped to provide redundancy (to be available) in the event of a failure.

But the ICE Switch unlocks additional power by allowing the centres to use that stranded power for non-critical servers, and can still provide cover if a failure occurs.

As for the ICE Block, that stores power during periods of low utilisation and then re-deploys it when demand is at its highest.

When paired with VPS’s' ICE software suite, the ICE Block and ICE Switch deliver a “compelling solution” designed to save data centres millions of dollars in operating expenses and capital expenditures, CUI said.

“Initial deployments of our ICE power system hardware have generated compelling results that serve to further validate this disruptive technology,” said President Matt McKenzie.

“This early and significant order is reflective of the strong reception the platform is commanding from a data centre market focused on finding ways capture underutilized power capacity without compromising system availability or reliability.”

CUI Global President and chief executive, William Clough, added: “There is considerable interest from prospective customers for our ICE technology products as data centre power consistently emerges as the most critical area that needs to be addressed to support the growth of IoT, mobile and supporting infrastructure.”

The ICE Block is currently progressing through the UL and TUV qualification process, and CUI expects to receive the industry safety certifications in the near future.

CUI Global shares rose 2.2% on Monday to US$2.83.

View full CUI profile View Profile

CUI Global Inc Timeline

Related Articles

Mergers and acquisitions drawing of a big fish eating a small fish
November 01 2018
The company was named one of the world’s Top 50 Developers of 2018 by business-to-business publication PocketGamer.biz.
1535732048_universal-mcloud--wind-turbines.jpg
August 31 2018
The tech group is increasingly expanding its geographical reach and gaining traction in China
marketing
September 18 2018
New business from the likes of Vodafone and GSK and a strong contribution from The Corner, which it acquired in December, meant revenues jumped 70% in the first half

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use