Netlist Prevails in Patent Reexamination Appeal
January 17 2014 - 8:45AM
Marketwired
Netlist Prevails in Patent Reexamination Appeal
USPTO Affirms Validity of Fundamental Patent on LRDIMM
IRVINE, CA--(Marketwired - Jan 17, 2014) - Netlist,
Inc. (NASDAQ: NLST), a leading provider of high performance memory
solutions for the cloud computing and storage markets, announced
today that the Patent Trial and Appeal Board ("PTAB") of the United
States Patent and Trademark Office issued a decision upholding the
validity of all 60 claims in the reexamination of U.S. Pat. No.
7,532,537 ("'537 Patent") brought by Inphi Corporation.
In its decision on January 16, 2014, the PTAB dismissed every
single validity challenge raised by Inphi and affirmed the
Examiner's decision to allow the claims. These claims are directed
to fundamental concepts of load reduction and rank multiplication
which are integral to the design of LRDIMMs. The '537 Patent is
also the subject of litigation between Netlist and Inphi in the
Central District of California, which has been stayed pending the
outcome of the reexamination.
"The PTAB's decision to uphold the validity of the '537 Patent
after three years of reexamination is a significant victory for
Netlist and a major milestone in the build-out of our
industry-leading patent portfolio for high performance server
memory," said Netlist President and CEO, C.K. Hong. "We are unaware
of any other portfolio with battle-tested patents that covers more
features of the LRDIMM architecture. This decision by the USPTO
will help accelerate the patent monetization process with a wide
range of industry participants as the market for LRDIMMs grows at a
rapid pace."
Netlist has steadily invested in and grown its IP portfolio,
which now includes 41 issued patents and more than 29 US and
foreign pending patent applications in the areas of high
performance memory and hybrid memory technologies.
About Netlist:
Netlist, Inc. designs and manufactures high-performance,
logic-based memory subsystems for server and storage applications
for cloud computing. Netlist's flagship products include
HyperCloud®, a patented memory technology that breaks traditional
performance barriers, NVvault™ and EXPRESSvault™ family of products
that significantly accelerate system performance and provide
mission critical fault tolerance, and a broad portfolio of
industrial flash and specialty memory subsystems including VLP
(very low profile) DIMMs and Planar-X RDIMMs.
Netlist develops technology solutions for customer applications
in which high-speed, high-capacity, small form factor and efficient
heat dissipation are key requirements for system memory. These
customers include OEMs that design and build tower, rack-mounted,
and blade servers, high-performance computing clusters, engineering
workstations and telecommunications equipment. Founded in 2000,
Netlist is headquartered in Irvine, CA with manufacturing
facilities in Suzhou, People's Republic of China. Learn more at
www.netlist.com.
Safe Harbor
Statement: This news release contains forward-looking
statements regarding future events and the future performance of
Netlist. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expected or projected. These risks and uncertainties
include, but are not limited to, risks associated with the launch
and commercial success of our products, programs and technologies;
the success of product partnerships; continuing development,
qualification and volume production of EXPRESSvault™, NVvault™,
HyperCloud® and VLP Planar-X RDIMM; the timing and magnitude of the
anticipated decrease in sales to our key customer; our ability to
leverage our NVvault™ technology in a more diverse customer base;
the rapidly-changing nature of technology; risks associated with
intellectual property, including patent infringement litigation
against us as well as the costs and unpredictability of litigation
over infringement of our intellectual property and the possibility
of our patents being reexamined by the United States Patent and
Trademark office; volatility in the pricing of DRAM ICs and NAND;
changes in and uncertainty of customer acceptance of, and demand
for, our existing products and products under development,
including uncertainty of and/or delays in product orders and
product qualifications; delays in the Company's and its customers'
product releases and development; introductions of new products by
competitors; changes in end-user demand for technology solutions;
the Company's ability to attract and retain skilled personnel; the
Company's reliance on suppliers of critical components and vendors
in the supply chain; fluctuations in the market price of critical
components; evolving industry standards; and the political and
regulatory environment in the People's Republic of China. Other
risks and uncertainties are described in the Company's annual
report on Form 10-K filed on March 29, 2013, and subsequent filings
with the U.S. Securities and Exchange Commission made by the
Company from time to time. Except as required by law, Netlist
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For more information, please contact: Brainerd Communicators,
Inc. Corey Kinger/Mike Smargiassi NLST@braincomm.com (212)
986-6667
Netlist (QB) (USOTC:NLST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Netlist (QB) (USOTC:NLST)
Historical Stock Chart
From Sep 2023 to Sep 2024