Asetek A/S

Asetek receives follow-on order from Penguin Computing

Aalborg, Denmark, 26 June 2017 - Asetek today announced a further order from

Penguin Computing, an established data center OEM, for an undisclosed HPC (High

Performance Computing) installation.

"This repeat order reflects our strong partnership with Penguin Computing. It is

also another confirmation of the increasing need for liquid cooling in high

density HPC clusters," said André Sloth Eriksen, CEO and founder of Asetek.

On Friday 23 June, Asetek and Penguin Computing

announced (http://www.asetek.com/investor-relations/stock-exchange-notices/stock

-exchange-notice-details/?id=2F8573609FAD720D) that Asetek was selected to

provide liquid cooling for NVIDIA's P100 GPU accelerators, the most advanced

GPUs yet produced by NVIDIA, as part of Penguin's Tundra ES (Extreme Scale)

platform.

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.

The order has a value of USD 140,000 with delivery to be completed in Q3 2017.

Asetek signed a global purchasing

agreement (https://insidehpc.com/2015/10/asetek-enters-oem-purchase-agreement

-with-penguin-computing/) 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 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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