Montreal, Canada – November 13, 2019 – Future Electronics, a global leading distributor of electronic components, and CUI Devices are pleased to announce the signing of a new distribution agreement.
On September 30, 2019, former senior managers of CUI Inc announced the purchase of the company’s industry-leading components business from CUI Inc’s publicly-traded parent company, CUI Global. The newly-formed private entity went to market as CUI Devices and will continue to serve its customers and develop new technologies within its interconnect, audio, thermal management, motion and sensors product lines.
“We have had a very strong relationship with the founding team of CUI Inc” said Karim Yasmine, Corporate Vice President at Future Electronics. “We are happy to be a part of their vision for this new organization”.
“Future Electronics and CUI Inc had built a solid partnership over the years and we look forward to continuing that relationship as CUI Devices,” stated CUI Devices’ President, Jeff Schnabel. “As a worldwide leader in the industry, Future will play a key role in growing our global reach and supporting our ever-expanding range of product technologies,” Schnabel concluded.
About CUI Devices
CUI Devices is a technology company focused on the development, manufacturing and distribution of electronic components for a broad base of market segments. In operation as CUI Inc since 1989, CUI Devices has built customer and partner relationships and value by focusing on making the design engineer’s job easier and more successful through best-in-class online experiences, technical support and customer service. In September 2019, CUI Devices announced a partial buy-out of CUI Inc’s operations, purchasing the interconnect, audio, thermal management, motion and sensor lines. As a stand-alone entity, CUI Devices will continue to invest in the future through new technologies, talented employees, expanded manufacturing capabilities and a growing global reach. To learn more, visit www.cuidevices.com.
About Future Electronics
Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a comprehensive suite of passives and semiconductor products. Founded by Robert Miller in 1968, Future Electronics has over 5,500 employees and operates in 169 offices in 44 countries around the world. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.
Martin H. Gordon
Director, Corporate Communications
514-694-7710 (ext. 2236)