Exhibit 99.1

CUI Global Reports Fourth Quarter and Full Year 2015 Financial Results

TUALATIN, Ore., March 14, 2016 -- CUI Global, Inc. (NASDAQ: CUI), today reported their financial results for the fourth quarter and full fiscal year ended December 31, 2015.

Financial Performance Summary

Recent News Highlights

CUI Global’s Energy Division - Orbital Gas Systems

CUI Global’s Power and Electromechanical Division – CUI Inc.

CUI Global’s president & CEO, William Clough commented, “We made tremendous strides in our business in 2015, particularly through Orbital Gas Systems, where we recently secured a number of $1,000,000+ deals in the UK and North America. We closed an order for Orbital’s proprietary GasPT analyzers to Europe’s largest natural gas transmission company, Snam Rete Gas. The total scope of the project includes the deployment of 3,300 analyzers across the Italian pipeline system. This contract award is a result of years of testing, certification and independent test protocol, and is truly a transformational project for the Company. Our North American gas subsidiary is also gaining momentum, and we are very optimistic about our energy business moving forward. While the fourth quarter was not as strong as we had hoped due to flat revenues in the power and electromechanical and energy divisions, much of the Company’s focus was on closing of the Snam Rete deal and the recently announced projects in our energy division; all of which will positively contribute to future financial results.”

Financial Highlights

Revenues were $21.9 million for the three months ended December 31, 2015 and $86.7 million for fiscal year 2015, up 18% and 14% from revenues of $18.6 million and $76.0 million respectively, in the three months and year ended December 31, 2014.  The increase in revenues during 2015 is attributable to the Company’s continued sales and marketing efforts, sales through the distribution channel customers, the addition in March 2015 of the CUI Canada related product line, and the revenues generated since the January 2015 opening of Orbital Gas Systems, North America. The Power and electromechanical division contributed $58.5 million, or 67% of revenues and the Energy division contributed $28.2 million, or 33% of revenues. 

The cost of revenue for the three months and year ended December 31, 2015 was $13.5 million and $54.4 million, respectively, compared to $12.7 million and $47.5 million for the same periods last year.  The increase is due to increased sales in the Power and electromechanical division offset by the Energy division’s improved product mix in 2015 compared to 2014, as well as cost reductions associated with bio-methane projects that had increased costs during 2014. As a percentage of revenues, the cost of revenue remained generally consistent at 62.7% compared to 62.5% for 2014.

Gross profit was $8.4 million, or 38% for the quarter ended December 31, 2015 versus $5.8 million, or 31% in the same period of 2014 and $32.3 million or 37% for the year versus the previous year’s total of $28.6 million, or 38%. During the three months and year ended December 31, 2015, the power and electromechanical division generated gross margins of 35% and 37%, respectively, while the energy division generated gross profit margins of 44% and 37%, respectively.

For the three months ended December 31, 2015, SG&A expenses increased to 39% as a percentage of revenues compared to 35% in the prior year comparable period. This was a $2.1 million increase over the prior year fourth quarter. For the year ended December 31, 2015, SG&A expenses increased $7.1 million compared to the same period in 2014. The increases are primarily associated with the addition of the SG&A activities of Orbital Gas Systems, North America, which opened in Houston, Texas, in January 2015 and accounted for approximately $0.9 million in the fourth quarter and $4.0 million of additional SG&A for the year. In addition, the operations related to CUI Canada, which was acquired in March 2015, accounted for approximately $0.3 million in the fourth quarter and $1.1 million of the increase in SG&A for the year. The remaining increases in SG&A are associated with the ongoing activities to reach new customers, promote our product lines, and new product introductions. As a percentage of total revenue, SG&A increased during 2015 to 38% from 34% during the prior-year comparable period primarily due to the additional costs related to the new operations in Houston and Canada.

The company reported a net loss of $(1.3) million or $(0.06) per share (EPS) for the quarter ended December 31, 2015 compared with a net loss of $(1.9) million or $(0.09) per share in the prior year period. For the year ended December 31, 2015, the company reported a net loss of $(6.0) million or $(0.29) per share compared with a loss of $(2.8) million or $(0.14) per share in the prior year. The net loss for the three months and year ended December 31, 2015 was primarily the result of increased selling, general and administrative expenses related to the opening of the Orbital Gas Systems, North America facility in January 2015 and the addition of CUI-Canada, Inc. in March 2015, as well as the ongoing amortization of intangible assets related to the Orbital Gas Systems Limited and CUI-Canada acquisitions.

The earnings before interest, taxes, depreciation and amortization (EBITDA) for the three months and year ended December 31, 2015 were ($0.5) million and $(2.7) million, respectively, or $(0.02) and $(0.13) EBITDA per share, respectively. Adjusted EBITDA for the three months and year ended December 31, 2015 was $(29) thousand and $(1.3) million, respectively, or $(0.00) and $(0.06) per share, respectively.

Operating requirements generated negative cash flow from operations of approximately $6.3 million during the year ended December 31, 2015 and negative cash flow from operations of approximately $3.1 million during the year ended December 31, 2014. During the year ended December 31, 2015, negative cash flow from operations was significantly affected by operating requirements from Orbital Gas Systems North America and CUI Canada, compared to negative cash flow from operations for 2014. The change in cash used in operations is primarily the result of the net loss in 2015 before non-cash expenses as well as changes in assets and liabilities.

Significant factors that impacted the cash used in operations included the increased receivables of approximately $3.3 million with $1.4 million of it due to credit sales generated following the opening of Orbital Gas Systems North America and the acquisition of CUI Canada, coupled with increased sales volume and the timing of deliveries and related sales terms across the Company. Cash used for inventory purchases increased approximately $3.4 million associated with timing of customer orders and ongoing projects. Additionally, the cash flow from operations was impacted by an approximately $1.1 million increase in prepaid expenses and other current assets associated largely with prepaid insurance premiums, product purchases, royalties and consulting services fees. Also, changes in costs in excess of billings and billings in excess of cost were a combined approximate $2.9 million use of cash in the period related to billings on projects in the Energy division. The overall use in operating cash was partially offset by an increase in accounts payable of approximately $2.1 million primarily due to the timing of goods receipts and the related terms along with the increase due to the addition of Orbital Gas Systems North America and CUI Canada. Accrued expenses increased $1.9 million related largely to an increase in accrued compensation. Unearned revenue increased $2.2 million primarily in relation to increases in deferred revenue from distributor activity within the Power and electromechanical division.

The Company invested $5.1 million during the year in property and equipment that included the construction of a new 46,000 square foot state-of-the art manufacturing/administrative/research and development facility in the UK for Orbital Gas Systems Limited and $4.3 million on the CUI Canada acquisition net of contingent consideration.

Adjusted EBITDA for 2015 was $(1.3) million or $(0.06) a share versus $3.2 million or $0.16 for 2014.

The Company had common shares outstanding of 20,806,219 at the end of the year compared to 20,747,740 for the 2014 year end.

As of December 31, 2015, CUI Global held cash and cash equivalents of $7.3 million. Operations, other intangible assets, investments, and equipment, have been funded through cash on hand during the year ended December 31, 2015.

Backlog Data (unaudited)

The Power and electromechanical division held a backlog of customer orders of approximately $19.7 million as of December 31, 2015 compared to a backlog of approximately $12.5 million as of December 31, 2014. At December 31, 2015, the Energy division held a backlog of customer orders of approximately $12.5 million compared to approximately $15.9 million as of December 31, 2014. Not included in the backlog at December 31, 2015 was the purchase order announced in February 2016 for the sale of 400 of the Company’s GasPT Analyzers to Europe’s largest natural gas transmission company, which is Orbital’s first large-scale order for this product.

Conference Call

The Company will conduct a conference call and webcast to review the results on Tuesday, March 15, 2016 at 9:00 AM ET (6:00 AM PT).

Condensed Consolidated Balance Sheets

Condensed Consolidated Statements of Operations

Condensed Consolidated Statements of Cash Flows

About CUI Global, Inc.

Delivering Innovative Technologies for an Interconnected World . . . . .

CUI Global, Inc. is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. From Orbital Gas Systems' advanced GasPT2 platform targeting the energy sector, to CUI Inc.’s digital power platform serving the networking and telecom space, CUI Global and its subsidiaries have built a diversified portfolio of industry leading technologies that touch many markets. As a publicly traded company, shareholders are able to participate in the opportunities, revenues, and profits generated by the products, technologies, and market channels of CUI Global and its subsidiaries. But most importantly, a commitment to conduct business with a high level of integrity, respect, and philanthropic dedication allows the organization to make a difference in the lives of their customers, employees, investors and global community.

For more information please visit www.cuiglobal.com

Important Cautions Regarding Forward Looking Statements

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included in certain forms the Company has filed with the Securities and Exchange Commission.

Reconciliation of Non-GAAP Financial Measures
EBITDA, Adjusted EBITDA and Adjusted Net Income (loss) are non-GAAP financial measures and are reconciled in the table below. These non-GAAP financial measures do not represent funds available for management's discretionary use and is not intended to represent cash flow from operations. EBITDA, Adjusted EBITDA and Adjusted Net Income (loss) should not be construed as a substitute for net loss or as a better measure of liquidity than cash flow from operating activities, which is determined in accordance with United States generally accepted accounting principles ("GAAP"). EBITDA, Adjusted EBITDA and Adjusted Net Income (loss) exclude components that are significant in understanding and assessing the company's results of operations and cash flows. In addition, EBITDA, Adjusted EBITDA and Adjusted Net Income (loss) are not terms defined by GAAP and as a result our measure of EBITDA, Adjusted EBITDA and Adjusted Net Income (loss) might not be comparable to similarly titled measures used by other companies. However, EBITDA, Adjusted EBITDA and Adjusted Net Income (loss) are used by management to evaluate, assess and benchmark the company's operational results and the company believes EBITDA, Adjusted EBITDA, and Adjusted Net Income (loss) are relevant and useful information which are often reported and widely used by analysts, investors and other interested parties in the Company's industry. Accordingly, the Company is disclosing this information to permit a more comprehensive analysis of its operating performance, to provide an additional measure of performance and liquidity and to provide additional information with respect to the Company's ability to meet future debt service, capital expenditure and working capital requirements. Adjusted Net Income (loss) eliminates the amortization expenses associated with intangible assets acquired with Orbital Gas Systems Limited and CUI-Canada, as well as non-cash expenses associated with stock and stock options for compensation, royalties and services during the period.