EU Business News Q2 2018

EU BUSINESS NEWS / Q2 2018 5 NEWS , On the 17th May 2018, CUI Global, Inc. announced that its wholly-owned Energy subsidiary, Orbital Gas Systems Ltd. Orbital UK, was awarded a second contract valued in excess of $500,000 for a biomethane-to-grid unit by a major European industrial com- pany. Orbital U.K. was awarded its first contract by the customer, an operator of biomethane-to-grid plants throughout Europe, in February 2017. The new contract calls for the provision of one biomethane-to-grid unit to be delivered in 2018. This latest award underscores Orbital U.K.’s long-standing partnership with the customer that is founded in the customer’s audit and assessment of Orbital U.K.’s technical, innovation, and support capabilities, as well as Orbital U.K.’s successful prior delivery of two biomethane-to-grid units and Icertis, the leading provider of enterprise contract management in the cloud, today announced the expansion of its European presence to three new cities - London, Paris and Sofia. The new offices will expand the company’s pan-European reach as it meets the hyper-demand for its industry-leading contract management platform. Since January 2017, the company has quadrupled its customer base in Europe and tripled its European- based employees in sales and marketing, professional services, and customer success teams. The Paris and London offices will serve as regional hubs for Icertis’ French and British operations. The company also opened its first multi- lingual customer support centre in Sofia to deliver even more value and enhance the support options for European customers. These new offices, along with existing offices in Frankfurt, Stuttgart and Zurich, bring the company’s total locations in the region to six. “Demand for our enterprise-wide approach to contract management has dramatically accelerated in the last year as evidenced by multiple customer wins – including prominent companies like BASF, Daimler, Lufthansa Airplus, Roche and Sanofi,” said Martin Mohr, VP of Customer Advocacy and GM of Europe for Icertis. “As companies worldwide, and especially in Europe, continue to digitize their foundation of commerce to better manage increasing business velocity, complex regulatory environments and new competitive threats, the demand for our transformative contract management solution is growing exponentially.” Icertis will be sponsoring the 2018 International Association for Contract and Commercial Management (IACCM) European Conference from May 14 to 16 in Krakow, Poland, and demonstrating the Icertis Contract Management (ICM) platform. Icertis will also be showing the ICM platform at the Association of Corporate Counsel Europe Annual Conference from May 20 to 22 in Paris, France, and Seth Nesbitt, CMO of Icertis, will join a panel of legal operations experts to share tips and tricks to take the legal department from a “cost centre” to a “centre of innovation.” For more information about Icertis, visit its reputation for project excel- lence – including a 100% success rate in meeting delivery deadlines – within the industry. The award confirms the Company’s world class design, manufacturing, and technical support capabilities and facilities. Orbital U.K. has seen the indus- try’s interest in its biomethane solutions increase following the recent certification of its GasPT® analyser by the U.K. regulator, Ofgem. The award also comes days after Orbital U.K. conducted an Open House/Work Shop to promote its GasPT and GasPTi technology for biomethane and other applications to leading U.K. energy industry participants. Orbital U.K. president Paul D. White stated, “Receipt of this order represents continuing recognition from one of Europe’s largest industrial companies of Orbital U.K.’s technical expertise in the field of biomethane-to-grid solutions. Our track record of achievements, world class facilities, as well as our ability to problem solve complex matters and innovative technologies have allowed us to develop this relationship. We look forward to expanding our footprint in the biomethane market with this and other customers as this exciting new alternative energy market develops.” CUI Global President & CEO William Clough commented, “Ac- celerated by growing government and industry support, the U.K. and western European countries are moving further away from traditional fossil fuel energy and towards more environment-friend- ly alternative energy sources. The recent certification of GasPT by Ofgem, our Open House/ Workshop event, and our ongoing business development efforts position us to capture market share in the growing biometh- ane-to-grid industry that serves as practical and timely alternative to fossil fuels. Our expertise and unique ability to provide relatively inexpensive, low-maintenance analytic solutions puts us in an excellent position as this industry and demand for our services grow.” Icertis Strengthens European Footprint with Continued Regional Expansion Global Leader in enterprise contract management opens three new offices in Europe to serve growing customer base.