Asetek A/S today announced that its subsidiary Asetek Danmark A/S and Asia Vital Components Co. (AVC) have reached a confidential settlement agreement to resolve their disputes.
The parties have signed a binding term sheet that, among other things, resolves the litigation regarding Asetek U.S. Patent Nos. 8,240,362 and 8,245,764 pending in the United States District Court for the Northern District of California and includes an injunction that prevents AVC from selling, offering for sale, or importing the AVC products accused of infringement in the United States.
Asetek is the global leader in liquid cooling solutions for gaming and enthusiast PCs, data centers and servers. Founded in 2000, Asetek is headquartered in Denmark and has operations in California, Texas, China and Taiwan. Asetek is listed on the Oslo Stock Exchange (ASETEK.OL).
For questions or further information, please contact:
André S. Eriksen
CEO and Founder