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CUI OMIB and Westport MoU +2

10:00 22-Dec-17


CUI Global has filed a Form 4 documenting another open market insider buy of 5000 shares by the CEO at $2.52 each.  The current price of CUI is below that, and prior OMIBs should show that this is not necessarily a good indicator of immediate price action or business developments.  Nonetheless, management confidence should count for something.

Westport has also signed a Memorandum of Understanding with a Chinese partner for final development, commercialization and marketing of its HPDI engines in China.  Of course, that brings with it the risk of knock offs and IP theft, but given the late stage of development, we can hope that is at least somewhat mitigated.  A full-blown commercial agreement is expected early next year.