Asetek A/S

Business and Financial Review • Oct 22, 2015

Asetek Announces Global OEM Purchase Agreement with Penguin Computing

Asetek Announces Global OEM Purchase Agreement with Penguin Computing

Largest Server Installation to Date Validates Asetek Technology

October 22, 2015 - Asetek® announced today an OEM purchase agreement with

Penguin Computing (Penguin), the leader in Open Compute-based High Performance

Computing (HPC) solutions. As a part of the agreement, Penguin will incorporate

Asetek's RackCDU D2CT (http://www.asetek.com/data-center/data-center

-coolers/rackcdu-d2c/) liquid cooling technology into its TundraT Extreme Scale

(ES) HPC server product line. RackCDUT direct-to-chip hot water liquid cooling

enhances Penguin's ability to provide HPC solutions with extreme energy

efficiency and higher rack cluster densities.   The agreement has already

resulted in an order by Penguin described in a previously anonymous

announcement (http://www.asetek.com/press-room/news/2015/asetek-receives-order

-for-largest-server-installation-to-date/).

Along with the announced agreement, Penguin and the National Nuclear Security

Administration's (NNSA) Lawrence Livermore National Laboratory

announced (http://nnsa.energy.gov/mediaroom/pressreleases/nnsa-announces

-procurement-penguin-computing-clusters-support-stockpile) the Asetek enabled

Tundra system had been selected for the NNSA's  tri-laboratory Commodity

Technology Systems programs (CTS-1) at Los Alamos, Sandia and Lawrence Livermore

national laboratories. The resulting deployment of these supercomputing clusters

will be one of the world's largest Open Compute-based installations. The order

and OEM relationship is anticipated to result in between $1.0M and $1.5M of

revenue within the first 12 months. Production to fulfill the order is expected

to start within the next few months.

"As we add another OEM to our growing portfolio of RackCDU technology partners,

our strategy of liquid cooling data centers is further validated," said André

Sloth Eriksen, Founder and CEO of Asetek. "The CTS-1 installation is a major win

for Penguin and is Asetek's largest server installation to date, confirming the

momentum of RackCDU in the marketplace. We expect further sales from this

partnership to make clear that Asetek liquid cooling is the proven solution for

solving today's data center constraints."

"Compute density, power and cooling efficiency, and associated performance gains

are critical elements of the solutions we deliver to HPC customers," said Dan

Dowling, Vice President of Engineering Services, Penguin Computing. "Asetek has

helped us develop a solution that meets tomorrow's energy efficiency and density

requirements."

RackCDU is Asetek's innovative hot water, direct-to-chip, data center liquid

cooling technology, which removes heat from CPUs, GPUs, memory modules and other

hot spots within servers, using an all-liquid path and rejecting the heat into

ambient outdoor air without chilling. As validated by Lawrence Berkeley National

Labs, RackCDU enables cooling savings in excess of 50%, density increases of

2.5x to 5.0x, and recovery of all the server energy removed by RackCDU for reuse

in facility heating and cooling.

About Asetek

Asetek is the world leading provider of energy efficient liquid cooling systems

for data centers, servers, workstations, gaming and high performance PCs. Its

products are used for reducing power and greenhouse emissions, lowering acoustic

noise, and achieving maximum performance by leading OEMs and channel partners

around the globe.

Asetek's products are based upon its patented all-in-one liquid cooling

technology with more than 2 million liquid cooling units deployed in the field.

Founded in 2000, Asetek is headquartered in Denmark with offices in California,

China and Taiwan. For more information, visit http://www.asetek.com

About Penguin

Penguin Computing is one of the largest private suppliers of enterprise and high

performance computing solutions in North America and has built and operates the

leading specialized public HPC cloud service Penguin Computing on Demand (POD).

Penguin Computing pioneers the design, engineering, integration and delivering

of solutions that are based on open architectures and comprise non-proprietary

components from a variety of vendors. Penguin Computing is also one of only five

authorized Open Compute Project (OCP) solution providers leveraging this

Facebook-led initiative to bring the most efficient open data center solutions

to a broader market, and has announced the Tundra product line which applies the

benefits of OCP to high performance computing. Penguin Computing has systems

installed with over 2,500 customers in 40 countries across eight major vertical

markets. Visit http://www.penguincomputing.com to learn more about the company,

and follow @PenguinHPC on Twitter.

For further information, please contact:

André S. Eriksen, Chief Executive Officer

Mobile: +45 2125 7076, e-mail: ceo@asetek.com