AALBORG, Denmark, April 25, 2025 /PRNewswire/ -- Asetek A/S ("Asetek" or "the Company") updates its revenue outlook for the SimSports segment for the full year 2025. Revenue is now expected to be in the range of $5 to $10 million, with the previously communicated gross margin guidance of 30–35% expected to decrease to 28-33%. The prior revenue guidance for the SimSports segment indicated an expected revenue in the range of $12 to $15 million in 2025.

Guidance for the Liquid Cooling segment remains unchanged, based on present discussions with the majority of the Company's key Liquid Cooling customers, who have confirmed that, at present, no changes are being made to their purchasing plans. Given the high level of uncertainty, Asetek remains committed to maintaining regular and proactive communication with all customers to promptly identify and implement any necessary measures should conditions change.

AALBORG, Denmark, Jan. 28, 2025 /PRNewswire/ -- Asetek A/S (the "Company" or "Asetek") announces that its Board of Directors, on January 27, 2025, resolved to adjust the exercise prices of all outstanding option and warrant plans granted to employees as a direct effect of the terms of each respective option plan. The adjustment is a customary technical adjustment following the recently completed rights issue. The Board also resolved to change the currency denomination for all outstanding programs.

AALBORG, Denmark, Dec. 17, 2024 /PRNewswire/ -- In the  press release distributed at 08:42 on December 17 2024 it was stated that Chief Executive Officer of Asetek A/S André Sloth Eriksen has on 16 December 2024 exercised 1,500,00 preemptive rights to subscribe for an equal quantity of shares at a price of DKK 0.40 per share.

The amount of preemptive rights was wrong.

Chief Executive Officer of Asetek A/S André Sloth Eriksen has on 16 December 2024 exercised 1,500,000 preemptive rights to subscribe for an equal quantity of shares at a price of DKK 0.40 per share

AALBORG, Denmark, Oct. 18, 2024 /PRNewswire/ -- Asetek is pleased to announce the signing of a partner agreement for its acclaimed sim racing products, the Invicta, Forte, and La Prima lines with Podium 1, the fastest growing turnkey racing simulator builder in the US. Under the agreement, Asetek will recognise approximately $1.5 million of SimSports revenue in the fourth quarter of 2024.

The Podium 1 team has extensive racetrack experience and founded the sim racing business on the desire for more competition, more adrenaline, more thrill that only a track can provide, also during the off-track season. Podium 1's mission is creating sim rigs that not only match but exceed the real-life racing experience.

AALBORG, Denmark, Oct. 15, 2024 /PRNewswire/ -- Asetek is pleased to announce the signing of a license agreement with an undisclosed global console manufacturer. The agreement is a key strategic milestone for Asetek's SimSports business, making the Company's acclaimed sim racing products available to millions of gamers worldwide.

"This is what we have been working hard on to achieve. There is a growing number of sim racers worldwide, and Asetek SimSports will now be able to engage with a significantly larger group of gamers. We made a strategic decision a year ago to seek a license, which will enable us to launch the first products already next year. The agreement also feeds directly into our multi-channel go to market plan and will be a key element in driving the accelerated growth strategy for the SimSports business in coming years," said André Sloth Eriksen, the CEO of Asetek.

AALBORG, Denmark, Oct. 2, 2024 /PRNewswire/ -- Asetek announce the appointment of Maja Sand-Grimnitz as vice president (VP) Brand and Digital, and Henrik Lindskou-Mouritsen as VP Global Sales. They bring extensive experience from commercialization of gaming hardware and international sales to drive deployment of Asetek's acclaimed sim racing products and build on the leading position within Liquid Cooling.

"I am pleased to have both Henrik and Maja join Asetek, further strengthening our commercial focus and enabling increased efficiencies by consolidating the management team in Denmark," said André Sloth Eriksen the CEO of Asetek. "We are positioning for significant growth within SimSports and a changing Liquid Cooling market with more direct end-user dialogue over time and potential to capture material revenue synergies across our two business segments under a strong Asetek brand."