Netlist Adds New Patents to ULLtraDIMM Litigation
January 29 2014 - 4:45PM
Marketwired
Netlist Adds New Patents to ULLtraDIMM Litigation
Two New Patents Brings Total to Seven Asserted Patents
IRVINE, CA--(Marketwired - Jan 29, 2014) - Netlist, Inc.
(NASDAQ: NLST), a leading provider of high performance memory
solutions for the cloud computing and storage markets, announced
today that it has filed motions to add two additional patents to
the lawsuits against the recently announced ULLtraDIMM memory
module from Diablo Technologies, Inc., and Smart Storage Systems,
Inc. The lawsuits are pending before Judge Gonzalez Rogers in
the United States District Court for the Northern District of
California in Oakland, California.
The two newly added patents (U.S. Patent Nos. 7,881,150 and
8,081,536) are generally related to load reduction, a critical
feature in low latency memory modules. These patents are part
of the same family as U.S. Patent No. 7,532,537, which has been
upheld by the Patent Trial and Appeal Board ("PTAB") following a
three-year reexamination. The '150 and '536 patents were
examined and issued in view of prior art cited in the
reexamination. Netlist has now asserted a total of seven
patents against the ULLtraDIMM, in addition to trade secret theft,
trademark infringement and other claims.
"We have spent years developing our industry-leading technology,
and are encouraged by the progress we've made defending our
intellectual property in these lawsuits," said Netlist President
and CEO, C.K. Hong. As reported in its 8-K last December, the
company received a whistleblower letter describing in detail how
Diablo "stole Netlist's detailed architecture and design" of its
flagship product, HyperCloud™, to create the ULLtraDIMM. "We
will continue to vigorously defend our IP, uncovering any and all
theft of our technology and infringement of our patents, and will
not allow others to profit from this unlawful activity."
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™, the pioneering
family of hybrid memory products utilizing both DRAM and NAND Flash
that significantly accelerates system performance and provides
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 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.
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, storage hardware, 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 Mar 2024 to Apr 2024
Netlist (QB) (USOTC:NLST)
Historical Stock Chart
From Apr 2023 to Apr 2024