Asetek A/S

Earnings Release • Feb 26, 2014

Correction:   ASETEK - Q4 2013 Strong revenue increase and solid operational development

Correction:   ASETEK - Q4 2013 Strong revenue increase and solid operational development

Message now including attachments.

Feb 26, 2013 - Asetek had record high revenues in both the fourth

quarter and full year 2013. The company received its second commercial

order for RackCDU in the quarter. A study performed by Lawrence Berkeley

National Labs validated Asetek's claim of 50% and higher reductions in

data center cooling costs with RackCDU D2C products.

Fourth quarter revenues came in at $ 6.1 million, a 45% increase from

the same period last year. The increase reflects the fulfillment of a

large order of PC graphics cooling products, as well as progress

achieved on the data center retrofit contract with the U.S. Department

of Defense. For the year 2013 revenues were $20.7 million, up 11% from

last year.

Operating profits from the desktop segment were $1.1 million, over 80%

higher than the fourth quarter of 2012. Operating losses from the

datacenter segment increased to $2.0 million from $1.7 million in the

same period last year. The figure reflects continued investments in

development and marketing in the data center segment. Asetek shipped

116,000 patented sealed liquid cooling units in the fourth quarter.

"We are pleased with reaching our financial targets for both the quarter

and the full year 2013," says André Eriksen CEO of Asetek. "In addition,

our operational milestones this quarter are at least as important for

the company going forward. We received validation of our energy savings

claim for RackCDU from a highly recognized study, supported by two

industry-leading companies, Intel and Cisco. We anticipate that this

third party validation and subsequent white paper will accelerate

RackCDU market adoption. Also, our data center business continues to

receive orders and strengthen its position in a market where we hope to

see great development in 2014".

Asetek will give a presentation today at 08:30 CET which can be followed

through a webcast or a conference call. CEO André Eriksen and CFO Peter

Dam Madsen will represent the company.

The webcast can be accessed on

http://webtv.hegnar.no/presentation.php?webcastId=19209839.

The conference call details are:

Confirmation Code: 5026572

Local - New York, United States of America: +1646 254 3364

National free phone - United States of America: 1877 280 2296

Local - London, United Kingdom: +44 (0) 20 3427 1902

National free phone - United Kingdom: 0800 279 4977

Local - Oslo, Norway: +47 2316 2787

National free phone - Norway: 800 56054

The conference call lines will be opened for participants to ask

question at the end of the presentation. Questions can also be submitted

through the online webcast during the presentation.

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 1.5 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.

For further information, please contact:

Andre S. Eriksen, Chief Executive Officer

Mobile: +1 408 398 7437, e-mail: ceo@asetek.com

Peter Madsen, Chief Financial Officer

Mobile: +1 408 813 4147, e-mail: investor.relations@asetek.com