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Asetek signs distribution agreement with sim racing specialist Pagnian Imports for Australia and New Zeeland

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Asetek is pleased to announce the signing of a distribution agreement for its acclaimed sim racing products with simulator gaming specialist Pagnian Imports Pty for the Australian and New Zeeland markets. Under the agreement, Asetek will recognise $0.5 million of SimSports revenue in the fourth quarter of 2024.

Pagnian is an award winning Australian owned and operated simulation gaming hardware expert. The company is owned by Next Level Racing, a global brand which provides industry-leading sim racing, flight and motion solutions products, including racing cockpits, seats and stands.

“Asetek and Pagnian share a common passion for racing and a strong dedication to enabling more immersive end-user experiences. We are truly excited to partner with Pagnian and present our state-of-the art and highly complementary products to sim racers in Australia and New Zeeland to extend our presence in one of the fastest growing segments of the global gaming market”, said Maja Sand-Grimnitz, Asetek’s Vice President Brand and Digital.

For questions or further information, please contact:

Head of Investor Relations, Per Anders Nyman, +45 2566 6869, email: pny@asetek.com

About Asetek

Asetek (ASTK), a global leader in mechatronic innovation, is a Danish garage-to-stock-exchange success story. Founded in 2000, Asetek established its innovative position as the leading OEM developer and producer of the all-in-one liquid cooler for all major PC & Enthusiast gaming brands. In 2021, Asetek introduced its line of products for next level immersive SimSports gaming experiences. Asetek is headquartered in Denmark and has operations in China, Taiwan and the United States.

www.asetek.com

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