CALGARY, Alta., September 22, 2021 – CoolIT Systems, the global leader in scalable liquid cooling technology for desktops and data centers, today announced current year revenue growth of 43% in the HPC markets as they continue to invest in key technologies and customers. With a record open order book, CoolIT Systems expects to achieve growth of over 100% in 2021 compared to the previous year. This follows an average annual growth rate of over 80% for the company since 2018. CooIIT Systems also reports that its data center revenues will eclipse those of desktop computers this year as the company surpasses 100. million first-time sales.
Despite the challenges of Covid-19 affecting the global supply chain and logistics, CoolIT benefited from a manufacturing strategy first implemented in 2018 to repatriate a significant portion of manufacturing to its headquarters in Calgary , Alberta, Canada. In addition, the organization has launched a world-class program test laboratory and innovation center in Calgary and opened a new office in Taipei, Taiwan. With the recent announcements of Gigabyte and AMAX choosing to partner with CoolIT Systems to activate their H262 server line, and previous public announcements from Dell EMC, HPE, Intel, Penguin and NEC choosing CoolIT as a liquid cooling partner, the company accelerates its global expansion and investments in exciting new technologies.
â2021 continues to be a difficult year for many in the HPC industry and we are focused on alleviating pain points where possible with our customers. The investment in our Calgary-based operations helped us weather the storm by having a local assembly workforce capable of delivering quick projects and an intimate working relationship with our OEM partners. said Steve Walton, CEO of CoolIT Systems. âOur vision to be the most trusted OEM solutions provider and to deliver the highest quality and reliable products continues to be at the center of our competitive strength. “
The continued growth of CoolIT is supported by the large-scale adoption by the industry of direct liquid cooling, which was once reserved only for supercomputer installations. Like others HPC suppliers withdraw from the market, CoolIT is committed to the current and future state of HPC computing in the industry. Today, this same liquid cooling technology harnessed in high performance computing (HPC) is also increasingly accepted in other data center segments such as colocation and large scale data centers.
About CoolIT systems
CoolIT Systems specializes in scalable liquid cooling solutions for the world’s most demanding high-performance computing environments. In the desktop enthusiast market, CoolIT offers unmatched performance for a range of gaming systems. Thanks to its modular direct liquid cooling technology in Rack DLC Rack, CoolIT can dramatically increase rack density, component performance. and energy efficiency. CoolIT partners with the world leaders in OEM server design to provide the most efficient and reliable liquid cooling solutions, which provide high performance cooling for their own advanced products. Together, CoolIT and its partners are leading the way in the widespread adoption of high performance computing.
For more information on CoolIT Systems and its technology, visit https://www.coolitsystems.com/.
Source: CoolIT Systems