IRVINE, Calif., June 21, 2016 /PRNewswire/ -- Netlist, Inc.
(NASDAQ: NLST), a leading provider of high performance and hybrid
memory solutions for the cloud computing and storage markets, today
announced that Jeff Benck has been
appointed to the Company's Board of Directors.
Mr. Benck is currently President, Chief Executive Officer and
Director of Lantronix, a global IoT solutions provider. Prior to
joining Lantronix, he served as President and CEO of Emulex and
prior to that, President and COO of QLogic. Benck began his
career at IBM and for 18 years, held various executive leadership
roles including Vice President of xSeries, BladeCenter and Retail
Store Solutions development. Benck holds a Masters of Science
degree in management of technology from University of Miami and a Bachelor of Science
degree in mechanical engineering from Rochester Institute of Technology. He is also
a distinguished inventor in the computer systems field and holds
six U.S. patents.
"We are thrilled to have Jeff, a chief executive with extensive
experience relevant to Netlist, join our Board," said C.K. Hong, Chairman and CEO of Netlist. "His
track record of leadership and breadth of expertise spanning
technology development, intellectual property management and
customer engagement will be invaluable to the company as we execute
on our strategic growth initiatives."
About Netlist, Inc.
Netlist creates solutions that accelerate turning data into
information. The company produces next generation persistent memory
solutions that enable businesses to transact quicker, gain insight
faster, and reduce datacenter costs. Flagship products NVvault® and
EXPRESSvault™ accelerate system performance and provide mission
critical fault tolerance. HyperVault®, Netlist's
next-generation architecture, expands the performance and capacity
of memory channel storage. The company holds a portfolio of
patents, many seminal, in the area of hybrid memory, rank
multiplication and load-reduction, among others. To learn more,
visit www.netlist.com.
Safe Harbor Statement:
This news release contains forward-looking statements
regarding future events and the future performance of Netlist. A
forward-looking statement is neither a prediction nor a guarantee
of future events or circumstances and is based on currently
available market, operating, financial and competitive information
and assumptions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expected or projected, including, among others, risks
associated with the launch and commercial success of our products,
programs and technologies; the success of product, joint
development and licensing partnerships; continuing development,
qualification and volume production of HyperVault™, EXPRESSvault™,
NVvault®, HyperCloud® and VLP Planar-X RDIMM; the timing and
magnitude of the continued decrease in our sales; our ability to
leverage our NVvault® and EXPRESSvault™ technology in a more
diverse customer base; our need to raise additional capital and our
ability to obtain financing when necessary; 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 or reviewed by the United States Patent and Trademark
office and the Patent Trial and Appeal Board; volatility in the
pricing of DRAM ICs and NAND flash; 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 our and
our customers' product releases and development;
introductions of new products by competitors; changes in end-user
demand for technology solutions; our ability to attract and retain
skilled personnel; our reliance on suppliers of critical components
and vendors in the supply chain; fluctuations in the market price
of critical components; evolving industry standards; the political
and regulatory environment in the
People's Republic of China; and general economic and market
conditions. Other risks and uncertainties are described in our
annual report on Form 10-K filed on March 4,
2016, and subsequent filings with the U.S. Securities and
Exchange Commission we make from time to time. Except as required
by law, we undertake 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/Jenny Perales
NLST@braincomm.com
(212) 986-6667
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SOURCE Netlist, Inc.