Asetek A/S

Regulatory Filings • Oct 31, 2017

Asetek Announces NEC Corporation as New Data Center OEM Partner

October 31, 2017 –Asetek (ASETEK.OL) today announced NEC Corporation as a new data center OEM partner. NEC Corporation, through its subsidiary NEC Fielding, Ltd., will deploy Asetek RackCDU Direct-to-Chip™ liquid cooling at a new HPC(High Performance Computing) installation in Japan. Asetek has already begun to make shipments in support of this installation. This follows the announcement of an undisclosed OEM partner onAugust 7th, 2017.

"We are pleased to work with NECon this project and look forward to further collaboration in the future," said John Hamill, Asetek Chief Operating Officer. "Partnering with leading OEMs such as NECis a cornerstone of our strategy to develop the emerging data center market."

"Liquid cooling technology is becoming a key supercomputer component. Asetek's direct-to-chip technology enables more effective cooling and increased computational performance in high density HPCclusters, adding value for our end-users," said Noritaka HOSHI, (Senior Manager), NEC Corporation.

Asetek RackCDU D2Cis a hot water liquid cooling solution that captures between 60% and 80% of server heat, reducing data center cooling cost by over 50% and allowing 2.5x-5x increases in data center server density. Learn more at www.asetek.com.

About NEC Corporation

NEC Corporation is a leader in the integration of ITand network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NECbrings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NECat http://www.nec.com.

About Asetek

Asetek is the global leader in liquid cooling solutions for data centers, servers and PCs. Founded in 2000, Asetek is headquartered in Denmark and has operations in California, Texas, China and Taiwan. Asetek is listed on the Oslo Stock Exchange (ASETEK). For more information, visit www.asetek.com

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