IRVINE, Calif., Nov. 14, 2017 /PRNewswire/ -- Netlist, Inc.
(NASDAQ: NLST), today announced that Administrative Law Judge (ALJ)
Bullock of the United States International Trade Commission (ITC),
issued a Notice of Initial Determination ("ID") in its
investigation of SK hynix RDIMM and LRDIMM enterprise memory
products.
According to the Notice, ALJ Bullock determined that no
violation of section 337 of the Tariff Act has been found with
respect to Netlist's patents in Certain Memory Modules and
Components Thereof, and Products Containing Same, Investigation No.
337-TA-1023. The Notice includes only a brief summary of the
ID's conclusions, so no further details on the substance of the
decision are available at this time.
The parties and their counsel have not yet received the full ID,
which is subject to confidentiality restrictions. Netlist
anticipates its counsel will receive this document within the next
few days. Netlist will determine at that time whether further
comment on the decision is appropriate. A public version of
the ID will be available within 30 days.
The ID is now subject to review by the Commissioners at the
ITC. Netlist intends to petition for review of any findings
in the ID it believes are incorrect. The Commission will then
decide whether to review portions of, or the entire ID. Once
the issues under review have been briefed, the Commission may
affirm, set aside, or modify the portions of the ID under
review. These conclusions will be contained in a Final
Determination which is currently scheduled to be issued by the
Commission by March 14, 2018.
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
express or implied statements about the outcome of the Final
Determination. 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. Netlist can provide
no assurance regarding the outcome of the final review by the
Commissioners at the ITC, and if the final determination concludes
that Netlist's patents were not violated or that remedies will not
be imposed, then Netlist's prospects and financial condition may be
materially adversely affected. 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.