Corporate Headquarters — One Eagle Square, Suite 509, Concord, NH 03301
		Telephone (603) 224-1117		Fax (603) 224-6673
		Contact: Brian A. Byrne

FOR IMMEDIATE RELEASE

Aavid Thermal Technologies, Inc. Announces Fourth Quarter Results

CONCORD, NH—February 16, 2006—Aavid Thermal Technologies, Inc.(the “Company” or “Aavid”), a leading developer of computational fluid dynamics software and provider of thermal management solutions, today announced preliminary and unaudited operating results for its fourth quarter and fiscal year ended December 31, 2005. For the fourth quarter of 2005, the Company’s total sales were $68.1 million, or $8.8 million higher than the $59.3 million in sales for the fourth quarter of 2004. Sales for the Company’s software subsidiary, Fluent Inc. (“Fluent”), were $32.1 million, or 13.2 % higher than the $28.4 million in sales reported for the fourth quarter of 2004. Fourth quarter sales for the Company’s thermal management products operation Aavid Thermalloy, LLC (“Aavid Thermalloy”) totaled $36.0 million, or 16.6% higher than the $30.9 million in sales reported for the fourth quarter of 2004.

     The Company’s operating income for the fourth quarter of 2005 was $8.4 million, or 9.3 % higher than the $7.7 million of operating income for the fourth quarter of 2004. Fluent’s operating income was $8.9 million in the fourth quarter of 2005, or 38.8% higher than the $6.4 million of operating income reported for the fourth quarter of 2004. Aavid Thermalloy experienced a fourth quarter operating loss of $0.6 million, compared to operating income of $1.5 million reported for the fourth quarter of 2004.

     The Company’s sales for the year ended December 31, 2005 increased 12.9% to $256.5 million from approximately $227.1 million in 2004. Fluent’s sales for 2005 were $121.9 million, or 16.7% higher than the $104.4 million reported for 2004. Sales for Aavid Thermalloy for 2005 totaled $134.6 million, representing a 9.7% increase from the $122.7 million in sales for 2004.

     The Company’s operating income for 2005 totaled $34.9 million, representing a 19.0% increase from the $29.3 million reported for 2004. Fluent’s operating income for 2005 totaled $32.0 million, or 27.7% higher than 2004 operating income of $25.1 million. Operating income for Aavid Thermalloy totaled $3.0 million for 2005, or 39.4% lower than the $5.0 million of operating income reported for 2004. Company depreciation and

amortization for 2005 was $9.7 million, or a decrease of $0.2 million from the $9.9 million for 2004. Depreciation and amortization for Fluent was $3.0 million in both 2005 and 2004. Depreciation and amortization for Aavid Thermalloy was $4.7 million in 2005 and $5.0 million reported in 2004. The attached financial schedules further describe the business performance presented in this release.

Company Background

     Aavid is a leading developer and marketer of computational fluid dynamics (“CFD”) software and a global provider of thermal management solutions for electronic products. Each of these businesses has an established reputation for high product quality, service excellence and engineering innovation in its market. CFD software is used in complex computer-generated modeling of fluid flows, heat and mass transfer and chemical reactions. Fluent’s CFD software is used in a variety of industries, including the automotive, aerospace, chemical processing, power generation, material processing, electronics and HVAC industries.

     Aavid Thermalloy designs, manufactures and distributes on a worldwide basis thermal management products that dissipate unwanted heat, which can degrade system performance and reliability, from microprocessors and industrial electronics products.

     Overall, the Company services a highly diversified base of national and international customers including OEMs, distributors, and contract manufacturers through a highly integrated network of software, development, manufacturing, sales and distribution locations throughout North America, Europe, and the Far East.

     Additional information on Aavid is available on the World Wide Web at http://www.aatt.com.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995

     The matters discussed in this release contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) and information relating to the Company that is based on the beliefs of the management of the Company, as well as assumptions made by and information currently available to the management of the Company. The words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect,” and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events, and are subject to risks and uncertainties that could cause actual results to differ

materially from those contemplated in such forward-looking statements. The Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Summary Financial Statements Attached

Aavid Thermal Technologies, Inc.
Summary Financial Statements
Quarter and Year Ended December 31, 2005

Consolidated Statements of Operations

										Year Ended				Year Ended
		Quarter Ended				Quarter Ended				December 31,				December 31,
		Dec 31, 2005				Dec 31, 2004				2005				2004
		(Unaudited)				(Unaudited)				(Unaudited)				(Historical)
(in thousands)
Net sales		$	68,128			$	59,265			$	256,488			$	227,131
Cost of goods sold			33,915				28,320				127,382				112,232
Gross profit			34,213				30,945				129,106				114,899
S,G&A expenses			19,092				18,348				73,757				68,924
Asset impairment charge			1,861				—				1,861				—
Restructuring credit			—				(6	)			—				(6	)
Research and development			4,840				4,896				18,603				16,658
Operating income			8,420				7,707				34,885				29,323
Interest expense, net			(4,462	)			(4,328	)			(18,261	)			(17,940	)
Other (expense) income, net			(109	)			704				(323	)			1,077
Income before taxes			3,849				4,083				16,301				12,460
Income tax expense			(1,227	)			(1,243	)			(8,747	)			(4,807	)
Net income		$	2,622			$	2,840			$	7,554			$	7,653

Consolidated Condensed
Balance Sheets

		December 31,				December 31,
		2005				2004
(in thousands)		(Unaudited)				(Historical)
ASSETS
Cash		$	40,968			$	28,312
Accounts receivable			53,972				48,234
Inventory			13,082				12,745
Property, plant and equipment			25,669				28,296
Goodwill, net			39,433				40,026
Other assets			11,388				14,077
Total assets		$	184,512			$	171,690
LIABILITIES, MINORITY INTEREST AND STOCKHOLDERS’ DEFICIT
Accounts payable			26,292				19,657
Accrued expenses			29,972				30,707
Lines of credit			7,658				6,472
Term loans			3,664				8,638
12 3/4% senior subordinated notes			122,687				121,777
Other debt			1,382				1,580
Deferred revenue			44,858				43,136
Accrued taxes			8,599				6,411
Deferred taxes			187				366
Total liabilities			245,299				238,744
Minority interest in consolidated subsidiaries			585				585
Preferred stock			—				—
Common stock			—				—
Warrants			3,764				3,764
Additional paid in capital			188,007				188,007
Cumulative translation Adjustment			(2,353	)			(1,066	)
Accumulated Deficit			(250,790	)			(258,344	)
Total stockholders’ deficit			(61,372	)			(67,639	)
Total liabilities, minority interest and stockholders’ deficit		$	184,512			$	171,690

Consolidated Condensed Statements of Cash Flows

		Year Ended				Year Ended
		Dec 31,				Dec 31,
		2005				2004
		(Unaudited)				(Historical)
(in thousands)
Net Income		$	7,554			$	7,653
Depreciation			6,812				7,256
Amortization and accretion			2,932				2,680
Accounts receivable			(8,665	)			(7,523	)
Inventories			(815	)			(2,743	)
Accounts payable			6,896				6,270
Deferred revenue			4,925				4,210
Other operating cash flows			3,580				7,125
Total cash flows from operations			23,219				24,928
Purchase of property, plant and equipment			(4,443	)			(5,440	)
Proceeds from sale of property			40				48
Payments for acquisitions			—				(3,041	)
Total cash flows from investing activities			(4,403	)			(8,433	)
Advances (repayments) under line of credit			1,221				(538	)
Advances under other debt obligations			547				—
Repayments other debt obligations			(6,569	)			(2,396	)
Cash flows from financing activities			(4,801	)			(2,934	)
Foreign exchange effect			(1,359	)			(480	)
Net increase (decrease) in cash			12,656				13,081
Cash at beginning of year			28,312				15,231
Cash at end of year		$	40,968			$	28,312