IRVINE, Calif., Oct. 31, 2017 /PRNewswire/ -- Netlist, Inc.
(NASDAQ: NLST), today announced it has filed new legal proceedings
for patent infringement against SK hynix in the United States International Trade
Commission (ITC). The new ITC investigation is based on the
infringement of two Netlist patents by SK hynix RDIMM and LRDIMM
enterprise memory products.
"The action we took today brings to the ITC the latest, and some
of the strongest patents in our portfolio covering SK hynix server
memory products," said C.K. Hong,
Chairman and CEO of Netlist. "We remain committed to defending our
intellectual property, and will take all measures necessary to stop
SK hynix's prolonged and continuing infringement of our
patents."
Netlist brought its first ITC investigation against SK hynix in
September 2016. An evidentiary
hearing in that investigation concluded in early May of this year,
and the Administrative Law Judge is expected to issue an Initial
Determination by November 14,
2017.
In the complaint filed today, Netlist asked the ITC to
investigate whether SK hynix RDIMM and LRDIMM products infringe
U.S. Patent Nos. 9,606,907, and 9,535,623. Both patents are related
to, and improve on, patents asserted in the first ITC investigation
though they issued after the first investigation was filed. Netlist
asserted the'907 and '623 patents against SK hynix earlier this
year in the U.S. District Court for the Central District of
California (CDCA). Netlist
anticipates the new ITC investigation based on the '907 and '623
patents will proceed at a rapid pace based on the ITC's governing
statute.
About Netlist, Inc.
Netlist is a leading provider of
high-performance modular memory subsystems serving customers in
diverse industries that require superior memory performance to
empower critical business decisions. Flagship products NVvault® and
EXPRESSvault® enable customers to accelerate data running through
their servers and storage and reliably protect enterprise-level
cache, metadata and log data by providing near instantaneous
recovery in the event of a system failure or power outage.
HybriDIMM™, Netlist's next-generation storage class memory product,
addresses the growing need for real-time analytics in Big Data
applications and in-memory databases. Netlist holds a portfolio of
patents, many seminal, in the areas of hybrid memory, storage class
memory, rank multiplication and load reduction. Netlist is part of
the Russell Microcap® Index. To learn more, visit
www.netlist.com.
Safe Harbor Statement
This news release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements other than historical facts and often
address future events or the future performance of Netlist.
Forward-looking statements contained in this news release include
statements about Netlist's ability to execute on its strategic
initiatives. All forward-looking statements reflect management's
present expectations regarding future events and are subject to
known and unknown risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed in
or implied by any forward-looking statements. These risks,
uncertainties and other factors include, among others: risks
related to Netlist's plans for its intellectual property, including
its strategies for monetizing, licensing, expanding, and defending
its patent portfolio; risks associated with patent infringement
litigation initiated by Netlist, such as its ongoing proceedings
against SK hynix Inc., or by others against Netlist, as well as the
costs and unpredictability of any such litigation; risks associated
with Netlist's product sales, including the market and demand for
products sold by Netlist and its ability to successfully develop
and launch new products that are attractive to the market; the
success of product, joint development and licensing partnerships,
including its relationship with Samsung Electronics Co., Ltd.; the
competitive landscape of Netlist's industry; and general economic,
political and market conditions. These and other risks and
uncertainties are described in Netlist's quarterly report on Form
10-Q filed on May 16, 2017, and
subsequent filings with the U.S. Securities and Exchange Commission
it makes from time to time. Given these risks, uncertainties and
other important factors, undue reliance should not be placed on
these forward-looking statements. These forward-looking statements
represent Netlist's estimates and assumptions only as of the date
made, and except as required by law, Netlist undertakes no
obligation to revise or update any forward-looking statements for
any reason.
For more information, please contact:
Brainerd Communicators, Inc.
Mike Smargiassi/ Sharon
Oh
NLST@braincomm.com
(212) 986-6667
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SOURCE Netlist, Inc.