Gates and CoolIT Systems Announce Liquid Cooling Collaboration

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DENVER, March 6, 2024 – Gates (NYSE: GTES), a manufacturer of power transmission and fluid power solutions, announced its collaboration in data center cooling market with CoolIT Systems.

CoolIT Systems is the world leader in scalable liquid cooling technology for the world’s most demanding computing environments. To meet the surging demand in the AI, high-performance computing (HPC) and enterprise markets, CoolIT is working with Gates to develop the most efficient and reliable liquid cooling solutions available today. The partnership includes developing advanced solutions and tightens the supply chain between Gates strong North America based operations and CoolIT’s Calgary, Canada manufacturing hub, to support the expected market growth.

Gates is leveraging its technical expertise in materials science, fluid conveyance, and thermal management to offer efficient and reliable solutions for the data center cooling market. Gates solutions include a broad range of highly-engineered products that withstand the rigorous demands of high-performance computing environments where reliability and uptime are critical. Furthermore, Gates global manufacturing footprint and capability also provide the capacity to support CoolIT’s demand requirements in this rapidly growing application space.

“Data Center cooling is a natural market extension for Gates. The Gates brand is synonymous with quality and reliability, which is table stakes for data center operations. We have over a hundred years of experience in thermal management applications and that experience has positioned us well to participate in a wide range of applications, from the electrification of vehicles to high-power industrial applications such as data center cooling” said Tom Pitstick, President of Global Strategy for Gates.

“We are seeing unprecedented demand for liquid cooling thanks to the mainstream utilization of generative AI,” said Hamid Rafiei, Sr. Vice President, Global Operations of CoolIT Systems. “Our partnership with Gates leverages their strong technical capabilities and secures the capacity for key components that are integral in our data center product portfolio. We anticipate being well equipped to address the surging AI market demand with the Gates support.”

Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment manufacturers as specified components. For more than a century, Gates has pushed the boundaries of materials science to engineer products that exceed expectations in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets including industrial on-highway, industrial off-highway, mobility and recreation, automotive, energy and resources as well as diversified industrial. Our products are sold in more than 130 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia and India.

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