Asetek Closes 'B' Series Financing; Expands Growth in U.S.D. E. Shaw Ventures leads $16 Million investment into Thermal Management Company SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- Asetek, Inc., a world leader in liquid cooling Liquid Cooling may refer to:
PCs are getting smaller, acoustics acoustics (ək  `stĭks) [Gr.,=the facts about hearing], the science of sound, including its production, propagation, and effects. are becoming much more
important, which means better thermal management is needed. People are
tired of PCs sounding like jet engines when operating under load. Asetek
has a solution that solves the thermal challenges by cooling both the
CPU CPUin full central processing unit Principal component of a digital computer, composed of a control unit, an instruction-decoding unit, and an arithmetic-logic unit. and the graphics in the popular small form factor PCs. This thermal management technology enables the small PC's to now deliver the same performance that previously required large bulky chassis. Noise is also minimized to provide a comfortable computing experience to the end user. Asetek enables a cost effective thermal solution that provides low acoustic noise Acoustic noise Unwanted sound. Noise control is the process of obtaining an acceptable noise environment for people in different situations. Understanding noise and its control requires a knowledge of the major sources of noise, sound propagation, human together and high performance to be delivered in a small form factor chassis. This daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin capability is not possible with traditional thermal solutions that exist today. "We are excited to participate with Asetek as it continues its strong growth in the thermal management arena," states Andre Turenne, a Senior Vice President at the D. E. Shaw group. "Asetek's business relationships with premiere OEMs such as HP, Acer and other leading PC OEMs are an impressive accomplishment. This validated our belief in the company's vision and future success." "We are pleased by the confidence D. E. Shaw Ventures has demonstrated in our company's technology and market directions," states Andre S. Eriksen, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Asetek. "The D. E. Shaw group's distinguished staff and financial expertise are ideal to guide Asetek's expansion and growth. We will use the additional capital to add sales, marketing and technical resources to enhance our product offerings and expand OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and thermal management products into new markets." Success drives growth Premiere OEMs throughout the world such as Hewlett-Packard, Acer, Packard Bell See Packard Bell NEC. and others continue to recognize Asetek as the preferred thermal management solution for their advanced system requirement in markets such as gaming, workstations, small form factor desktops and others. The market demand for thermal management is experiencing rapid growth as computing form factors continue to shrink. Asetek's advanced liquid cooling solutions are recognized as the ideal and most elegant solution for these new stringent thermal requirements. Company to Strengthen U.S. Sales and Marketing In a related announcement, Asetek announced that it will expand its sales and marketing activities in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . The plan calls for all sales, marketing and business development activities to be driven from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Engineering and other key functions will continue to be led from the highly specialized Danish thermal competence center. Supply Chain management will expand to include new facilities at Asetek's new Xiamen facility in China. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Eriksen, "Our global marketing and sales operations along with parts of our executive management team have been located in San Jose since the beginning of 2008. This 'relocation' is really the culmination of a long-term strategy to be a true global player in the liquid cooling and thermal management arena by effectively distributing our various centers of excellence to better serve our customers." Asetek currently has offices in the United States, Denmark, Taiwan, and China. About Asetek Founded in 2000, Asetek is the world's leading system thermal and acoustic management solution provider. Specialized designs incorporating liquid-cooling, vapor phase or vapor chamber technologies are utilized in OEM design solutions. Designed for applications where end-users demand exceptional performance, low noise and maximum reliability, Asetek's strong brand name products such as VapoChill[R] and WaterChill[TM] are often the favorite choice of enthusiast grade cooling solutions having obtained more than 200 international press awards in the past decade. For more information, please visit www.asetek.com. About the D. E. Shaw Group D. E. Shaw Ventures is the venture capital unit of the D. E. Shaw group. The D. E. Shaw group is a global investment and technology development firm with more than 1,500 employees; approximately $39 billion in aggregate investment capital as of July 1, 2008; and offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia. Since its organization in 1988, the firm has earned an international reputation for financial innovation, technological leadership, and an extraordinarily distinguished staff. |
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