OAKLAND, Calif., Jan. 15, 2015 /PRNewswire/ -- Netlist, Inc.
(NASDAQ: NLST) announced today that Judge Yvonne Gonzalez Rogers of the United States
District Court for the Northern District of California denied a motion filed by Diablo
Technologies, Inc., on January 13,
2015, requesting the Court to stay the Preliminary
Injunction against controller chips used by SanDisk in its
high-speed ULLtraDIMM SSD product line.
The Preliminary Injunction will therefore remain in place. The
Court in a separate ruling rejected SanDisk's request that it be
allowed to sell existing inventory of the enjoined products.
This order made clear that Diablo
and SanDisk are working in concert and are now prohibited from
manufacturing and selling the Diablo controller chipset used in the
ULLtraDIMM and as a result, from further sale or distribution by
SanDisk of the ULLtraDIMM itself.
"We are very pleased with the Court's ruling to deny this
motion," said C.K. Hong, CEO of
Netlist, Inc. "Endless legal maneuvering does nothing to change the
facts that led to the ordering of the preliminary injunction in the
first place. Namely, Netlist's claims that Diablo breached the contract, stole Netlist's
trade secrets and incorporated them in SanDisk's ULLtraDIMM.
We look forward to securing damages and a permanent
injunction on the products in the upcoming trial."
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 NVvault™
and EXPRESSvault™ family of hybrid memory products that
significantly accelerate system performance and provide mission
critical fault tolerance, HyperCloud®, a patented memory technology
that breaks traditional performance barriers, 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 worldwide IP portfolio, which now
includes 81 issued and pending patents 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 and hyperscale datacenter operators that
design and build servers, storage systems and 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.
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SOURCE Netlist, Inc.