ASETEK – Update to Fourth Quarter Guidance
November 30, 2015
Asetek communicated in its third quarter 2015 report announced 28 October 2015 that the company expected fourth quarter 2015 group revenues in line with the third quarter level of USD 10 million.
The company today announces that fourth quarter 2015 group revenues are likely to exceed the record third quarter level of USD 10 million by at least 20%. The year-over year and sequential revenue growth follows positive development within both Asetek’s desktop and data center business segments.
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
Peter D. Madsen, Chief Financial Officer
Mobile: +1 408 813 4147 (GMT -08:00)