ASETEK – Court confirms judgement, increases damages award and issues injunction

Wed, Sep 23, 2015 08:15 CET

San Jose, September 23, 2015.

In late 2014, Asetek won a patent infringement case against CMI USA, Inc. (“CMI”) at the United States District Court for the Northern District of California. The jury unanimously ruled in favor of Asetek, and awarded damages based on a 14.5% royalty rate. In a post trial motion, CMI demanded a judgement as a matter of law and a new trial.

The court yesterday denied CMI's demands, and instead substantially followed Asetek’s requests and issued a permanent injunction barring CMI and its parent Cooler Master from selling certain infringing products into the Unites States.

Also, the judge awarded Asetek enhanced damages i.e., a 25.375% royalty rate, on CMI’s revenues for sales of infringing products beginning January 1, 2015.

It should be noted that the matter is appealable by CMI.

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

Mobile: +45 2125 7076, e-mail: ceo@asetek.com