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Asetek A/S M&A Activity 2017

Jul 6, 2017

6301_iss_2017-07-06_85c9ab8a-5973-4299-83f2-ec5d02c99a7a.pdf

M&A Activity

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Asetek receives follow-on order from Penguin Computing

Aalborg, Denmark, 6 July 2017 –Asetek today announced a further order from Penguin Computing, an established data center OEM, for an undisclosed HPC(High Performance Computing) installation.

On Friday 23 June, Asetek and Penguin Computing announced that Asetek was selected to provide liquid cooling for NVIDIA's P100 GPUaccelerators, the most advanced GPUs yet produced by NVIDIA, as part of Penguin's Tundra ES (Extreme Scale) platform. Penguin made a follow-on order shortly after for a second installation.

Today's follow-on order is for Asetek's RackCDU Direct-to-Chip (D2C) liquid cooling solution and includes additional loops to cool NVIDIA's P100 GPU accelerators at a third installation.

The order has a value of USD30,000 with delivery to be completed in Q3 2017.

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

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.OL).

For questionsor further information, please contact:

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