IRVINE, Calif., June 27, 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 it has been added to the Russell Microcap®
Index. Russell Investments reconstituted its family of U.S.
indexes after the close of the U.S. markets on June 24, 2016.
Membership in the Russell Microcap Index remains in place for
one year and provides for automatic inclusion in the appropriate
growth and value style indexes. Russell determines membership
for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
Netlist Vice President and Chief Financial Officer Gail Sasaki said, "Inclusion in the Russell
Microcap® index will enhance our efforts to increase shareholder
value through elevated visibility in the investment community."
Indexes provided by FTSE Russell, a leading global index
provider, are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $6
trillion in assets are benchmarked against the Russell US
Indexes.
For more information on the Russell Microcap® Index
and the Russell US Indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell website.
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. Netlist is
part of the Russell Microcap® Index. To learn more, visit
www.netlist.com.
About FTSE Russell
FTSE Russell is a global index
leader and data provider that provides innovative benchmarking,
analytics and data solutions for investors worldwide. FTSE
Russell calculates thousands of indexes that measure and benchmark
markets and asset classes in more than 70 countries, covering 98%
of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$10 trillion is currently benchmarked
to FTSE Russell indexes. For over 30 years, leading asset
owners, asset managers, ETF providers and investment banks have
chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based
derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry
standards in index design and governance, and embraces the IOSCO
principles. FTSE Russell is also focused on index innovation
and client collaboration as it seeks to enhance the breadth, depth
and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.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.