Asetek A/S

Asetek announces new data center order to cool NVIDIA's P100 GPU accelerators

Aalborg, Denmark, 23 June 2017 - Asetek today announced a new order from Penguin

Computing, Asetek's longstanding OEM partner for a new undisclosed HPC (High

Performance Computing) installation.

Asetek's proprietary Direct-to-Chip (D2C) liquid cooling technology was selected

by Penguin Computing to cool NVIDIA's P100 GPU accelerators, the most advanced

GPUs yet produced by NVIDIA.

"Utilizing Penguin's Tundra ES platform with Asetek's D2C liquid cooling

technology will allow our government clients to push the boundaries of these

GPU's for deep learning research," said Ken Gudenrath, Director, Federal

Division, Penguin Computing.

"Asetek has been chosen to cool the world's most advanced GPUs. It is an

important validation of our offering and we are pleased that our OEM partner,

Penguin Computing, continues to select Asetek technology. This is an initial

order, and we expect additional deliveries to follow," said André Sloth Eriksen,

CEO and founder of Asetek.

Asetek signed a global purchasing agreement (http://www.asetek.com/investor

-relations/stock-exchange-notices/stock-exchange-notice

-details/?id=4F71F09E19A2C466) with Penguin Computing in 2015.

This initial order is for 140 loops to be used with Asetek's RackCDU Direct-to

-Chip (D2C) liquid cooling solution and have a value of USD 40,000 with delivery

in August 2017.

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 further information, please contact:

André S. Eriksen, Chief Executive Officer

Mobile: +45 2125 7076, e-mail: [email protected]

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