Asetek Announces Positive Conclusion of Lawsuit with CoolIT Systems, Inc.
San Jose, June 15th, 2015 — Asetek announces that it has concluded its patent infringement lawsuit against CoolIT Systems, Inc. On June 12, 2015, the United States District Court for the Northern California (San Jose) determined that CoolIT Systems, Inc. shall pay damages to Asetek in the amount of $1,873,168. The ruling is not appealable by either party. Asetek expects to receive full payment of that damages amount within 180 days from the date of the Court’s ruling, and payments will be recognized in Asetek’s financials when received.
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.
For further information, please contact:
Andre S. Eriksen, Chief Executive Officer
Mobile: +45 2125 7076, e-mail: firstname.lastname@example.org