CUI Global's statement regarding Japan operations

TUALATIN, USA: CUI Global Inc., a platform company dedicated to the acquisition, development, and commercialization of new, innovative technologies, issued the following statement regarding its Japanese operations and the effect of the recent events in Japan:

CUI Global extends its heartfelt condolences to the Japanese people in this tragic situation. We and our employees remain fully committed to supporting all of our customers in every way possible.

CUI Global has no reports of injured or missing employees and its Japanese facilities remain intact and undamaged. The situation in Japan is still developing and the focus of Japanese authorities is, of course, on saving lives and supporting affected areas.

CUI Global is analyzing the broader effects on its industries and its business. While Comex and its Japanese operations are a relatively small component of CUI Global, Inc.’s total revenue, Japan is a large supplier to the global market for semiconductors and other components. The electronics industry, as well as many other industries, source components from Japan. It is reasonable to expect that the events in Japan will affect supply of components, but it is too early to say to what extent.

Business continuity plans and work to assess the impact, if any, on CUI Global and mitigation activities has been ongoing since the event took place.

We will continue to closely monitor the situation in Japan to take further action where necessary. It is, however, too early to draw any further conclusions as the situation is still developing.