Asetek A/S

Regulatory Filings • Apr 21, 2020

Asetek Receives Order for New HPC Installation from Existing Global Data Center OEM Partner

Aalborg, Denmark, 21 April, 2020 –Asetek today announced the largest order to date from a current HPCOEM partner for a new, high-density cluster, located in NorthAmerica, for an undisclosed and existing end customer. The installation will be implemented usingAsetek's InRackCDU™ liquid cooling solution and includes up to 24 liquid cooled racks populated by up to 1,500 compute nodes usingAsetek's Direct-to-Chip™ (D2C) heat capture technology.

The order value will be between USD600,000 - 800,000 based on final configuration, with delivery expected to be completed in Q2 2020. Annual group revenue guidance remains unchanged.

"We are pleased to see the continued success of one of our key data center OEM partners, as it expands its liquid cooling footprint with another HPC installation. The selection ofAsetek by this global OEM partner is affirmation of howAsetek's flexible and reliable solutions enable the extreme performance required in high performance computing, by efficiently cooling high density, high wattage CPUs. We look forward to additional success with this OEM partner" saidAndré Sloth Eriksen, CEOand founder ofAsetek.

About Asetek

Asetek, the creator of the all-in-one liquid cooler, is the global leader for liquid cooling solutions for high performance gaming and enthusiast PCs, and environmentally aware data centers. Founded in 2000, Asetek is headquartered in Denmark and has operations in China, Taiwan and the United States. Asetek is listed on the Oslo Stock Exchange (ASETEK.OL).

www.asetek.com

For further information, please contact: CEOand Founder André S. Eriksen +45 2125 7076, email: ceo@asetek.com