VERTIV HOLDINGS CO

(VRT)
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Vertiv Joins the RISE Partnership Program to Develop Sustainable Data Centre Technologies

01/18/2022 | 04:34am EDT

Vertiv (www.Vertiv.com)(NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, is pleased to announce a new partnership with RISE Research Institutes of Sweden (https://bit.ly/3tH4i53), a leading research institute and innovation partner. Vertiv is entering the partnership program for data centre systems technologies at the platinum level, joining founding partners such as Facebook, Ericsson, Vattenfall, ABB, LTU and the Norrbotten region.

The data centre research at RISE is based in Luleå, Sweden, and RISE is owned by the Swedish state and supported by EU funds. Collaborating with universities, industry and the public sector, RISE performs industrial research and innovation, with the overall objective to support sustainable growth by strengthening industry competitiveness and renewal.

Through the partnership with RISE, Vertiv will specifically support the Infrastructure and Cloud research & test Environment (ICE), which is a data centre testbed providing access to study results and experts, as well as publications and demonstrations by RISE and engagement in small research and development studies.

A key value delivered to the partners in the collaboration is the large-scale test environment with data centre modules, climate and heat boxes, wind tunnels, edge and liquid cooling testbeds, and the ability to take simulations and concepts to the point of implemented demonstrations and tests for data collection and analysis.

"RISE demonstrates technology leadership in applied research, which makes them a perfect partner for us at Vertiv. This will help us lead the industry into the new era of sustainable large-scale cloud data centres, enterprise and edge applications," said Vertiv CTO, Stephen Liang.

"RISE is playing a leading role in driving sustainability across Europe and Vertiv is ideally placed to provide it with forward-looking engineering solutions for the data center industry and beyond," said Giordano Albertazzi, Vertiv president, EMEA. "Data centres are a critical part of the digital infrastructure. Efficiency and sustainability are a strong focus for the industry and are becoming increasingly important. New technologies, system solutions and components need to be ideated, developed, tested and verified before hitting the market. We see our partnership with RISE being a big part of that."

Vertiv also supports the multiple RISE heat recovery initiatives which utilise heat rejected from data centres for various applications, like mealworm and vertical farming, biomass drying or district heating systems -- with the recent feasibility study aiming at achieving 90-95°C supply water temperature (SWT) for district heating. Some of the other projects in Vertiv and RISE's research pipeline include load balancing, full life-cycle assessments of data centres and all their components, homomorphic encryption machine learning, autonomous digital infrastructure and self-healing systems, fuel cells, a digital carbon counter for end-users, new cooling methods and thermal management systems that support heat reuse and circular economy.

"We want to come closer to the industrial needs and a partnership helps the dialogue and direct bi-lateral collaboration. This way we can continue to develop our thought leadership together with our partners," says Tor Björn Minde, Director ICE Data centre at RISE.

The cooperation with RISE is the latest in a series of advances Vertiv has made around sustainability and the wider Environmental, Social and Governance (ESG) arena. Vertiv is part of the Sustainable Digital Infrastructure Alliance (SDIA) and the European Data Centre Association (EUDCA) (https://bit.ly/3IksXQZ) and contributes to Climate Neutral Data Centre Pact (https://bit.ly/3rroXr1) with the aim to meet the European Commission's goal for climate-neutral data centres by 2030. Vertiv and RISE are also members of the E2P2 Tech Consortium (https://bit.ly/3GCOgws), leading low-carbon fuel cell development to power data centres.

To learn more about Vertiv's commitment to sustainability, visit https://bit.ly/3GEJm26.

Distributed by APO Group on behalf of Vertiv.

Vertiv Media Contact:

Zenab Abbas

E Zenab.Abbas@Vertiv.com

Rania El Rafie

E Rania.Elrafie@apo-opa.com

RISE Contact:

Tor Björn Minde

Director ICE Data center at RISE

tor.bjorn.minde@ri.se

+46 706 24 2959

RISE ICE partnership program:https://bit.ly/3tRzZJ1

About Vertiv:

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to ensure its customers' vital applications run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, USA, Vertiv employs approximately21,000 people and does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visitVertiv.com.

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statement set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K/A and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

About RISE:

RISE is Sweden's research institute and innovation partner. Through our international collaboration programmes with industry, academia and the public sector, we ensure the competitiveness of the Swedish business community on an international level and contribute to a sustainable society. Our 2,800 employees engage in and support all types of innovation processes. RISE is an independent, State-owned research institute, which offers unique expertise and over 100 testbeds and demonstration environments for future-proof technologies, products and services.

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Sales 2022 5 661 M - -
Net income 2022 150 M - -
Net Debt 2022 2 503 M - -
P/E ratio 2022 35,2x
Yield 2022 0,02%
Capitalization 4 064 M 4 064 M -
EV / Sales 2022 1,16x
EV / Sales 2023 1,05x
Nbr of Employees 24 000
Free-Float 86,7%
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