Asetek Announces Settlement of Lawsuit with CoolIT Systems, Inc.

San Jose, February 5th, 2015 — Asetek announces that it has settled its patent infringement lawsuit against CoolIT Systems, Inc. and agreed to dismiss the case (Asetek Danmark A/S v. CoolIT Systems, Inc., Northern District of California federal district court).

Although the specific terms of the settlement are confidential, the parties have agreed to the federal district court making a determination of whether and to what extent damages are to be awarded by the court to Asetek.

The court’s damages determination will be disclosed later in a separate release.

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 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 (will be in transit at time of release)
Mobile: +45 2125 7076, e-mail: ceo@asetek.com

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