EXHIBIT 99.2 NOTICE OF GUARANTEED DELIVERY WITH RESPECT TO AAVID THERMAL TECHNOLOGIES, INC. OFFER TO EXCHANGE ITS 12 3/4% SENIOR SUBORDINATED NOTES DUE 2007 WHICH HAVE BEEN REGISTERED UNDER THE SECURITIES ACT FOR ANY AND ALL OF ITS OUTSTANDING 12 3/4% SENIOR SUBORDINATED NOTES DUE 2007 THAT WERE ISSUED AND SOLD IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED PURSUANT TO THE PROSPECTUS DATED , 2000 This Notice of Guaranteed Delivery, or one substantially equivalent to this form, must be used to accept the Exchange Offer (as defined below) if (i) certificates for the outstanding 12 3/4% Senior Subordinated Notes due 2007 (the "Outstanding Notes") of Aavid Thermal Technologies, Inc., a Delaware corporation (the "Company"), are not immediately available, (ii) Outstanding Notes, the Letter of Transmittal and all other required documents cannot be delivered to Bankers Trust Company (the "Exchange Agent") on or prior to the Expiration Date or (iii) the procedures for delivery by book-entry transfer cannot be completed on a timely basis. This Notice of Guaranteed Delivery may be delivered by hand, overnight courier or mail, or transmitted by facsimile transmission, to the Exchange Agent. See "The Exchange Offer--Procedures for Tendering Outstanding Notes" and "--Guaranteed Delivery Procedures" in the Prospectus. In addition, in order to utilize the guaranteed delivery procedure to tender Outstanding Notes pursuant to the Exchange Offer, a completed, signed and dated Letter of Transmittal relating to the Outstanding Notes (or facsimile thereof) or, in the case of a book-entry transfer, an agent's message, must also be received by the Exchange Agent on or prior to the Expiration Date. Capitalized terms not defined herein have the meanings assigned to them in the Prospectus. THE EXCHANGE AGENT FOR THE EXCHANGE OFFER IS: BANKERS TRUST COMPANY BY MAIL: BY OVERNIGHT MAIL OR COURIER: BY HAND: BT Services Tennessee, BT Services Tennessee, Inc. Bankers Trust Company Inc. Corporate Trust & Agency Services Corporate Trust & Agency Services Reorganization Unit Reorganization Unit ATTN: Reorganization Dept. P.O. Box 292737 648 Grassmere Park Road Receipt & Delivery Window Nashville, TN 37229-2737 Nashville, TN 37211 123 Washington Street, 1(st) Fax: (615) 835-3701 CONFIRM BY TELEPHONE: Floor (615) 835-3572 New York, NY 10006 INFORMATION: (800) 735-7777 DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR TRANSMISSION OF THIS NOTICE OF GUARANTEED DELIVERY VIA FACSIMILE TO A NUMBER OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY. THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE GUARANTEED BY AN "ELIGIBLE INSTITUTION" UNDER THE INSTRUCTIONS THERETO, SUCH SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE SIGNATURE BOX ON THE LETTER OF TRANSMITTAL. Ladies and Gentlemen: The undersigned hereby tenders to Aavid Thermal Technologies, Inc., a Delaware corporation (the "Company"), upon the terms and subject to the conditions set forth in the Prospectus dated , 2000 (as the same may be amended or supplemented from time to time, the "Prospectus"), and the related Letter of Transmittal (which together constitute the "Exchange Offer"), receipt of which is hereby acknowledged, the aggregate principal amount of Outstanding Notes set forth below pursuant to the guaranteed delivery procedures set forth in the Prospectus under the caption "The Exchange Offer--Guaranteed Delivery Procedures." Principal Amount of Outstanding Notes Tendered: *$ _____________________________ Certificate No(s) (if available): ______________________________________________ ________________________________________________________________________________ Total Principal Amount Represented by Outstanding Notes Certificate(s): $ ______ If Outstanding Notes will be tendered by book-entry transfer, provide the following information: DTC Account Number: ____________________________________________________________ Date: __________________________________________________________________________ * Must be in integral multiples of $1,000. 2 All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and every obligation of the undersigned hereunder shall be binding upon the heirs, personal representatives, successors and assigns of the undersigned. PLEASE SIGN AND COMPLETE - ----------------------------------------------------------- ----------------------------- - ----------------------------------------------------------- ----------------------------- Signature(s) of Registered Holder(s) or Authorized Signatory Date Area Code and Telephone Number: ________________________ Must be signed by the holder(s) of the Outstanding Notes as their name(s) appear(s) on certificates for Outstanding Notes or on a security position listing, or by person(s) authorized to become registered holder(s) by endorsement and documents transmitted with this Notice of Guaranteed Delivery. If signature is by a trustee, executor, administrator, guardian, attorney-in-fact, officer or other person acting in a fiduciary or representative capacity, such person must set forth his or her full title below and, unless waived by the Company, provide proper evidence satisfactory to the Company of such person's authority to so act. PLEASE PRINT NAME(S) AND ADDRESS(ES) Name(s): _______________________________________________________________________ _______________________________________________________________________ Capacity: ______________________________________________________________________ Address(es): ___________________________________________________________________ 3 GUARANTEE OF DELIVERY (NOT TO BE USED FOR SIGNATURE GUARANTEE) The undersigned, a firm or other entity identified in Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended, as an "eligible guarantor institution," including (as such terms are defined therein): (i) a bank; (ii) a broker, dealer, municipal securities broker, government securities broker or government securities dealer; (iii) a credit union; (iv) a national securities exchange, registered securities association or clearing agency; or (v) a savings association that is a participant in a Securities Transfer Association (each of the foregoing being referred to as an "Eligible Institution"), hereby guarantees to deliver to the Exchange Agent, at one of its addresses set forth above, either the Outstanding Notes tendered hereby in proper form for transfer, or confirmation of the book-entry transfer of such Outstanding Notes to the Exchange Agent's account at The Depository Trust Company ("DTC"), pursuant to the procedures for book-entry transfer set forth in the Prospectus, in either case together with one or more properly completed and duly executed Letter(s) of Transmittal (or facsimile thereof), or in the case of a book-entry transfer, an agent's message, and any other required documents within three New York Stock Exchange trading days after the date of execution of this Notice of Guaranteed Delivery. The undersigned acknowledges that it must deliver the Letter(s) of Transmittal (or facsimile thereof) and the Outstanding Notes tendered hereby to the Exchange Agent within the time period set forth above and that failure to do so could result in a financial loss to the undersigned. Name of Firm: __________________________________________________________________ Address: _______________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ (ZIP CODE) Area Code and Telephone Number: ________________________________________________ Authorized Signature: __________________________________________________________ Title: _________________________________________________________________________ (PLEASE TYPE OR PRINT) Date: __________________________________________________________________________ NOTE: DO NOT SEND CERTIFICATES FOR OUTSTANDING NOTES WITH THIS FORM. CERTIFICATES FOR OUTSTANDING NOTES SHOULD ONLY BE SENT WITH YOUR LETTER OF TRANSMITTAL. 4