Asetek A/S

Regulatory Filings • Jul 28, 2017

Asetek Receives Two Incremental Orders in Support of US Department of Energy Labs Cluster Installations

Asetek Receives Two Incremental Orders in Support of US Department of Energy Labs Cluster Installations

July 28, 2017 - Asetek today announced two incremental orders from Penguin

Computing, an established data center OEM. The orders are for Asetek's RackCDU

D2CT (Direct-to-Chip) liquid cooling solution and will enable increased

computing power for two currently undisclosed HPC sites at U.S. Department of

Energy (DOE) National Laboratories.

The orders have a combined value of approximately USD 280,000 with delivery

expected in September 2017.

"The awards through our OEM partner Penguin, comes after months of uncertainty

surrounding DOE budgets due to the new administration in the USA. They are in

line with our goal of increasing end-user adoption with existing OEMs and

confirm our ability to expand our leading position in the HPC segment," said

André Sloth Eriksen, CEO and founder of Asetek.

The orders are a continuation of the partnership between Penguin and Asetek in

support of a number of DOE National Laboratories implementing Asetek's RackCDU

D2C liquid cooling technology in Penguin's Tundra Extreme Scale (ES) HPC server

product line. RackCDU direct-to-chip hot water liquid cooling enhances Penguin's

ability to provide HPC solutions with extreme energy efficiency and higher rack

cluster densities.

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.OL).

For questions or further information, please contact:

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