Asetek A/S

Regulatory Filings • Jun 23, 2017

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 GPUaccelerators, the most advanced GPUs yet produced by NVIDIA.

"Utilizing Penguin's Tundra ES platform withAsetek's D2Cliquid 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," saidAndré Sloth Eriksen, CEOand founder ofAsetek.

Asetek signed a global purchasing agreement with Penguin Computing in 2015.

This initial order is for 140 loops to be used withAsetek's RackCDU Direct-to-Chip (D2C) liquid cooling solution and have a value of USD40,000 with delivery inAugust 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: ceo@asetek.com