Wednesday, February 12, 2020

Stock Exchange Notice Details

Asetek – Supply Chain Update

Aalborg, Denmark, 12 February 2020 - Asetek today provided an update related to the company’s supply chain in China following investor inquiries regarding potential implications the Corona virus may have caused.   

As of today, there has been no material impact on Asetek’s business and no Asetek employees have been affected by the virus outbreak.

The company has had enough inventory of finished goods to ensure uninterrupted shipments to customers. This has offset any impact of Asetek suppliers which have been mandated to halt operations until the end of the month. Additionally, the company has only one supplier in the Hubei Province, where Wuhan is the capital. In relation to this specific supplier, the company has redundant capacity with providers of the same components.

As such, Asetek has no elevated exposure but is following the general risk picture related to manufacturing in China.

About Asetek

Asetek, the creator of the all-in-one liquid cooler, is the global leader for liquid cooling solutions for high performance gaming and enthusiast PCs, and environmentally aware data centers. Founded in 2000, Asetek is headquartered in Denmark and has operations in China, Taiwan and the United States. Asetek is listed on the Oslo Stock Exchange (ASETEK.OL). www.asetek.com

For further information, please contact:

CEO and Founder André S. Eriksen +45 2125 7076, email: ceo@asetek.com

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