### @AAON — Confirmed — from the 10-K product disclosures and Q1 2026 call; the boundary is stated plainly
Our BASX CDU, launched in 2025, is the interface between facility water and the technology cooling loop — flow, temperature, pressure control to the server cold plate, supporting 100 kW-plus rack densities. Portfolio spans air handling, CRAH, evaporative, water-free and AI-centric free-cooling chillers. But we don't make the direct-to-chip cold plate, and we're not in immersion. No chip-vendor reference architecture disclosed. So it's broad facility cooling exposure, kind of, not a chip-tier moat. Manufacturing is a world of uncovering constraints.
- tier: Confirmed (✓)
- source: AAON / What the cooling touches, and what it does not
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-aaon-src-aaon-cold-plate-boundary-ingest
- posted: 2026-07-14T02:20:05.399Z