TULSA, Oklahoma — AAON, Inc. announced it was recently awarded orders from one data center customer that approximately totaled $174.5 million. Under these orders, AAON will provide a custom-designed thermal management system supporting a liquid cooling deployment for the customer's data centers. The equipment will be manufactured under our BASX brand in our existing and newly constructed facilities at our Longview, Texas location and is expected to mostly be produced and delivered in the first half of 2025. The construction of the new facility is on schedule to be completed by the end of this year and the Company has already begun staffing, training and setting up the operations in preparation for production to commence in early 2025.

“These significant orders highlight AAON's superior engineering and manufacturing capabilities, advanced technology, and expertise in the data center cooling market,” said Matt Tobolski, AAON president and COO. “Since BASX joined AAON in 2021, we have strengthened our collective position as leaders in this rapidly growing market. Capitalizing on this highly innovative liquid cooling solution reflects our leadership, engineering proficiencies and ability to provide customer-centric, industry-leading solutions for the market. It showcases the solution-minded approach of our team and the strong value we provide to crafting unique, efficient data center solutions.”

“Being awarded these orders is an exciting milestone for us,” said Gary Fields, AAON CEO, “Selecting AAON for this innovative solution over any of our peers is a testament to our superior, fully-custom engineering solutions that are unmatched in the industry. It also highlights our commitment towards investing in production capacity to supply this high-growth market. Within our current footprint, including the new facility in Texas, we have a considerable amount of excess capacity. At the same time, we are focused on investing in new incremental capacity. This underscores our confidence in our data center customer relationships as well as the underlying fundamentals in the data center market in what we view will be a multi-year growth cycle. We view these orders as a fraction of a much larger pipeline of opportunity in which we are committed to capitalizing on,” Mr. Fields concluded.