Replace: EK’s present CEO and founder, Edvard König, has printed a press release on the monetary points claimed by contractors, enterprise companions and staff of the liquid cooling firm. Through which, König admits to delayed funds and a scarcity of communication, and descriptions some corrective measures to aim to deal with points delivered to mild by numerous folks and retailers.
König means that some points have been rectified since he took over as CEO in February. Nevertheless, this does not seem to have been clear to any of the contractors, suppliers or staff spoken to by Avid gamers Nexus over the weekend, which suggests there actually is a “appreciable distance to go”, as König mentions within the full assertion under.
This is the complete assertion from Edvard König, EK’s CEO and founder:
Expensive Group, Media, and Companions,
To begin with, I wish to say that we take this very significantly. It’s true that a few of EK’s exterior contractors and enterprise companions have skilled delayed funds. We sincerely apologize for the difficulties this has induced them and the shortage of enough communication.
In February 2024, I, Edvard König, resumed the CEO place to return EK to its revered path. A number of points have already been addressed, together with the amended submitting of US taxes. We have now realigned our focuses whereas our imaginative and prescient and strategic orientations have remained unchanged. There’s nonetheless a substantial distance to go, and we instantly started by implementing the next key actions:
Speaking brazenly any delays and uncertainties that have an effect on excellent funds, beginning with these regarding our personnel.Reconciling the relations and communication between all subsidiaries and entities of EK Water Blocks.Bettering the transparency and frequency of inner communication with all staff regarding our present state of affairs.Resolving any excellent time beyond regulation work problems with EK staff. Anybody with a declare, please contact us so we will examine the whole lot and make issues proper. For that objective, we’re introducing a devoted electronic mail deal with: reachout@ekwb.com.
We admire the persistence and understanding of our neighborhood, clients, and companions throughout this time. We’re dedicated to fulfilling our monetary obligations and regaining your belief. Our mission to raise computer systems for a greater world stays on the forefront of our focus as we transfer ahead.
Thanks all for standing with us as we work via these challenges, simply as you’ve gotten supported EK for over twenty years. We’re devoted to creating issues proper and fostering a extra accountable firm tradition.
Authentic story: EKWB is the topic of a brand new report from Avid gamers Nexus claiming the liquid cooling element and prebuilt PC firm is struggling to pay its payments, suppliers and staff. The report arrives off the again of a LinkedIn put up by a former worker alleging numerous points across the firm’s conduct.
EKWB is a widely known liquid cooling firm headquartered in Slovenia, although it has US operations below EK Cooling Options. Dan Henderson, a earlier contractor of the corporate’s US department, created a put up on LinkedIn on Thursday claiming that they had not been paid in 4 months.
“I am hoping that this message provides them the shove they want, they pay up what they owe and extra importantly, will get them to rethink the tradition they’ve constructed,” Henderson stated within the put up.
Avid gamers Nexus picked up the put up and proceeded to research additional with EK’s former and present enterprise companions, contractors and others, none of that are named bar Henderson. The previous contractor acquired a stop and desist letter for his or her put up on the platform, and was ordered to pay €70,000 as a consequence of a contractual breach of NDA.
Some entities spoken to by Avid gamers Nexus allege the corporate has not paid their wages, together with present employees members, by as much as 4 months; having time beyond regulation hours “shaved”, reducing the amount of money paid to them after the work is accomplished; and that monetary points aren’t accurately communicated. The video additionally states that EKWB has a tax forfeiture standing within the state of Texas, the place it moved operations after a rocky closure course of in that state for current employees, and that there are additional indicators of “liquidity challenges” on the firm, Avid gamers Nexus suggests.
Different media companions have since cited points working with EK. YouTuber der8auer has stated he’ll not work with the corporate, initially citing points with the direct die block that he labored to create with it for Intel’s twelfth and ultimately thirteenth Gen processors. Nevertheless, they counsel they may not do enterprise with the corporate because of the latest claims lined in Avid gamers Nexus’ video. They don’t, nonetheless, have any excellent money owed with the corporate for the der8auer model, although is not going to communicate concerning the Thermal Grizzly model, of which they’re the CEO.
Different media companions have cited points when working with the corporate as nicely.
Igor from fanatic web site Igor’s Lab claimed he has acquired the run-around from EK’s finance division in chasing cash owed to him. Since publication of his article, Igor’s Lab acquired cost from EKWB.
In remark to Avid gamers Nexus, EK stated “EK plans to stay in enterprise and totally get again on its ft, therefore the upcoming presence at Computex 2024, for the primary time with our personal sales space.
“There are at all times two sides to the story. As for Daniel Henderson and his outreach on social media, we’re sorry about his response. Some causes for his vendetta are possible linked to earlier administration figures with whom we parted methods in February 2024. The brand new administration distances itself from the practices of the previous.”
The corporate’s founder, Edvard König, has assumed the position of CEO, after the earlier CEO was eliminated across the begin of the 12 months.
We have now spoken to EKWB and have been advised it’s getting ready a press release. We’ll replace this story if and after we obtain it.