Netlist Appoints Mitch Statham as Senior Vice President of Sales and Marketing
May 20 2014 - 9:09AM
Marketwired
Netlist Appoints Mitch Statham as Senior Vice President of Sales
and Marketing
IRVINE, CA--(Marketwired - May 20, 2014) - Netlist, Inc.
(NASDAQ: NLST), a leading provider of high performance memory
solutions for the cloud computing and storage markets, today
announced the appointment of Mitchell Statham as Senior Vice
President of Worldwide Sales and Marketing. In this newly created
position, Statham will be charged with revenue and profit growth
through expansion of the customer base worldwide.
Statham brings over 30 years of experience in managing sales
execution across global organizations. He most recently served as
Vice President of Sales Americas 3 of STATSChipPac, a $1.7 billion
global leader in IC packaging. Prior to that, he served as VP of
sales for Kilopass, Lantronix and SMSC.
"We look forward to having Mitch on board with his wealth of
industry experience and a strong track record of growing revenues.
As we embark on a broad market rollout of our hybrid memory
technologies, I believe that Mitch's enthusiasm, strong leadership
and channel expertise will help us to maximize design wins and
revenue growth, both at the OEMs and hyperscale end-users," said
C.K. Hong, President and CEO of Netlist.
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 has steadily
invested in and grown its IP portfolio, which now includes 43
issued patents and more than 30 U.S. 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, 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 18, 2014, 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. Mike Smargiassi or Corey Kinger NLST@braincomm.com
(212) 986-6667
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