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Asetek A/S

Legal Proceedings Report Apr 27, 2017

6301_iss_2017-04-27_1ef76007-fb31-4ea6-ae75-82bea4c05f1d.html

Legal Proceedings Report

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Asetek Receives Award of $600K after Patent Infringement Lawsuit

Asetek Receives Award of $600K after Patent Infringement Lawsuit

Asetek today announced that it has received payment of approximately $600

thousand as awarded in a patent infringement lawsuit against CMI USA, Inc.

In December 2014, the U.S. District Court unanimously ruled in favor of Asetek

on all claims in a patent infringement lawsuit against CMI USA, Inc. ("CMI")

involving Asetek's U.S. Patents 8,240,362 and 8,245,764. The jury awarded Asetek

damages representing a 14.5% royalty on CMI's infringing sales since 2012. After

an appeal by CMI, the Federal Circuit U.S. Court of Appeals issued an opinion in

April 2017 affirming the prior rulings regarding infringement, validity, damages

and injunction against CMI. Payment from CMI of approximately $600 thousand,

including interest, was received by Asetek today.

"This award signifies another successful defense of Asetek's intellectual

property," said André Sloth Eriksen, founder and CEO of Asetek. "As part of

efforts to build and maintain market share, we closely review and assess all

competitive offerings for infringement of our patents. We are pleased with our

success in defending them."

About Asetek

Asetek (ASETEK.OL) 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.

For questions or further information, please contact:

CEO and Founder André S. Eriksen, +45 2125 7076, email: [email protected]

CFO Peter Dam Madsen, +45 2080 7200, email: [email protected]

For more information, visit www.asetek.com

Asetek's press room is available on www.asetek.com/press-room/news/

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