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CUI Global signs $1m deal with Blue Flame for distribution rights
- United Arab Emirates: Wednesday, June 20 - 2012 at 11:36
Blue Flame, part of Dubai-based Belleau Wood Group (BWG), has signed a distribution agreement with CUI Global Inc. for the distribution of the US company's Vergence Natural Gas Metering Device. Under the terms of the deal, Blue Flame is granted the global distribution rights for sale of the device excluding the UK, Italy, and North America. The agreement also calls for a one-time payment of $1m to CUI Global from BWG-Blue Flame as a 'Distribution Fee.' Blue Flame has been founded by BWG as a distribution platform for the Vergence Natural Gas Analysis Device and other specialised technologies.
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StaffWednesday, June 20 - 2012 at 11:36 UAE local time (GMT+4)
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