ASETEK – Q2 2013 Continued growth and record level revenues

Aug 14, 2013 - Asetek achieved a record revenue level in the second quarter and continued its mission as the leading supplier of liquid cooling solutions for high-end computing. The company shipped 114,000 patented sealed liquid cooling units in the quarter.

Total revenues amounted to USD 5.3 million in the second quarter of 2013, an increase of 13% over the same period last year. Operating profits from the desktop segment were $1.1 million, in line with the second quarter of 2012. Operating losses from the datacenter segment increased to $2.0 million from $1.1 million in the second quarter of 2012, reflecting the planned increase in investments in development and marketing of the datacenter product line.

"We manage to grow revenues in the Desktop segment and see good operational progress on the tests initiated in the Datacenter segment. Asetek has received recognition at several prestigious awards during the quarter, which we see as an acknowledgment that our company is developing in the right direction,” says André Eriksen, CEO of Asetek.

Asetek will give a presentation at 08:30 CET at Carnegie ASA’s office at Grundingen 2, 5th floor, Aker Brygge, Oslo. CEO André Eriksen and CFO Peter Dam Madsen will represent the company.

Webcast: A live broadcast of the presentation can be accessed by following this link: http://webcast.seria.no/webcast/6456478 .

Questions for the Q&A session can be submitted live by writing directly in the webcast browser window.

For further information, please contact:

Andre S. Eriksen, Chief Executive Officer
Mobile: +1 408 398 7437, e-mail: ceo@asetek.com

Peter Dam Madsen, Chief Financial Officer
Mobile: +1 408 813 4147, e-mail: investor.relations@asetek.com

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 1.4 million liquid cooling units deployed in the field. Founded in 2000, Asetek is headquartered in Denmark with offices in San Jose, California, China and Taiwan.

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

About Us

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 more information visit http://www.asetek.com.