CUI, INC., A SUBSIDIARY OF WAYTRONX, INC., ANNOUNCES DIGITAL POWER PATENT LICENSE AGREEMENT WITH POWER-ONE, INC.

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TUALATIN, Ore. – September 22, 2009 – CUI, Inc., a subsidiary of Waytronx, Inc. (OTCBB: WYNX), has entered into a non-exclusive Field of Use Agreement with Power-One, Inc. (Nasdaq: PWER) to license Power-One’s Digital Power Technology patents to CUI.  The non-exclusive license agreement provides access to Power-One’s portfolio of Digital Power Technology patents for incorporation into CUI’s new line of digital point of load power modules.

“Power-One is pleased to license its digital power portfolio to CUI, Inc.,” said Alex Levran, Chief Technology Officer of Power-One.  “We feel this move continues our goal of expanding the market for Digital Power Technology and the inherent advantages it holds over standard analog solutions,” explained Levran.
 
CUI is a PMBus member, and through itsV-Infinitypower division, manufactures a range of embedded and external power electronics devices for OEM manufacturers. 

Waytronx’s President & CEO, William Clough said, “We are excited to partner with Power-One to incorporate their digital power management technology into our line of products.  With this agreement, we can now bring a product to market that is able to take full advantage of digital power’s potential over a broad target market.”

“We see a need in the market for a fully functional, PMBus compliant module that can be easily implemented into a number of systems,” continued Clough.  “Once again, our ability to continue acquiring technology from blue chip clients like Power-One in the current business climate is a testament to the strength and quality of our marketing team as well as our broad product and service offerings,” Clough concluded.
 

About Waytronx, Inc.

Waytronx, Inc. has pioneered and is developing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others, utilizing its patented WayCool™/WayFast™ hybrid mesh architecture.  In addition, through its acquisition of CUI in May 2008, Waytronx has developed the infrastructure, expertise, and platform necessary to acquire, develop, and commercialize new, innovative technologies.  Waytronx changed its name from OnScreen Technologies in December 2007. For more information, please visitwww.waytronx.com. 

About CUI, Inc.

CUI, Inc. is a solutions provider of electromechanical components and industrial controls for OEM manufacturing. Since its inception in 1989, CUI has been delivering quality products, extensive application solutions, and superior personal service.  CUI’s solid customer commitment and honest corporate message are a hallmark in the industry.  CUI is a wholly-owned subsidiary of Waytronx, Inc. For more information, please visitwww.cui.com.

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.

Media Contact:

Maggie Lefor
CUI, Inc.
503-612-2300

info@waytronx.com

WayCool, WayFast, Waytronx and OnScreen are trademarks of Waytronx, Inc. Other names and brands are the property of their respective owners.

News Source : CUI, INC., A SUBSIDIARY OF WAYTRONX, INC., ANNOUNCES DIGITAL POWER PATENT LICENSE AGREEMENT WITH POWER-ONE, INC.