Asetek is pleased to announce a long-term agreement with an undisclosed customer for the delivery of high-end liquid cooling solutions based on the Ingrid technology platform, which sets new standards for acoustic and thermal performance. Because of the agreement, the Company has raised the medium-term ambition for the Liquid Cooling segment. The agreement includes a minimum volume commitment estimated at $35 million during the first 2-year term, from start of shipments, but revenues may be higher depending on actual order volumes.

Asetek will provide liquid coolers, caps, heat exchangers and fans in one retail package, implying higher unit revenue in exchange for a slightly reduced gross margin due to the bundled accessories/commodities carrying lower margins. The agreement covers two products and deliveries of the first product are scheduled to start in Q2 2026 with deliveries for the second product scheduled to begin Q4 2026. The Company expects the customer to reclaim a top tier position when shipments are fully up and running in 2027.