Asetek A/S

Legal Proceedings Report • Oct 4, 2022

Asetek - Litigation Update

Asetek - Litigation Update

Aalborg, Denmark - October 04, 2022 - Asetek announces a settlement of the

patent infringement lawsuit pending between Asetek, CoolIT Systems, Inc., and

Corsair Gaming et al., in the Northern District of California (Case No. 3:19-cv

-00410-EMC). The terms of the settlement agreement are confidential.  Asetek

expects that the parties will soon submit a joint stipulation to dismiss

Asetek's and CoolIT's claims of patent infringement with prejudice.

André S. Eriksen, CEO of Asetek, stated that "This legal case has run longer

than normal, been more expensive than normal due to COVID-19 related delays, and

recently Judge Chen made some rulings that would have required Asetek to appeal

and extended the case and our legal costs even further."

"I am firm in my belief we would have prevailed in the end and received the

damages we were entitled to, but due to the global financial situation -

especially within gaming/PC hardware, I believe the right thing for the company

and its shareholders was to focus on our cost base, settle the case and as a

consequence our legal costs will be significantly reduced from Q1 2023 and

onwards."

For questions or further information, please contact:

CEO and Founder André S. Eriksen, +45 2125 7076, email: ceo@asetek.com

About Asetek:

Asetek (ASTK.OL), a global leader in mechatronic innovation, is a Danish garage

-to-stock-exchange success story. Founded in 2000, Asetek established its

innovative position as the leading OEM developer and producer of the all-in-one

liquid cooler for all major PC & Enthusiast gaming brands. In 2013, Asetek went

public while expanding into energy-efficient and environmentally friendly

cooling solutions for data centers. In 2021, Asetek introduced its line of

products for next level immersive SimSports gaming experiences. Asetek is

headquartered in Denmark and has operations in China, Taiwan and the United

States.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act. This stock exchange

release was published by Peter Dam Madsen, CFO at Asetek A/S, on October 04,

2022 at 21:20 CEST.