IRVINE,Calif., Jan. 27, 2016
/PRNewswire/ -- Netlist, Inc. (NASDAQ: NLST), announced today
that the U.S. Court of Appeals for the Federal Circuit has denied
Inphi's petition for a rehearing of its November 2015 precedential opinion which had
affirmed the validity of U.S. Pat. No. 7,532,537 ("'537
Patent").
This final decision by the Federal Circuit is a landmark victory
for Netlist's '537 patent after more than four years of scrutiny in
the US Patent and Trademark Office and one year of appeals in the
federal court system. In order to continue to challenge the
validity of this patent, Inphi must now appeal directly to the U.S.
Supreme Court.
"The denial of Inphi's petition for rehearing is for all
practical purposes, the final step in the complete validation of
the '537, one of Netlist's seminal LRDIMM patents," said Netlist's
Chief Executive Officer, C.K.
Hong. "With more than thirty U.S. and foreign patents
broadly covering fundamental aspects of LRDIMM, this final decision
by the Federal Circuit puts us in the strongest possible position
to pursue licensing opportunities in the fast growing LRDIMM
market."
According to De Dios & Associates, the LRDIMM market was
estimated to be $3 billion in 2015
and is projected to reach around $7
billion by 2018.
About Netlist, Inc.
Netlist creates solutions that
accelerate turning data into information. We design and manufacture
controller and software-based memory solutions for our OEM and
Hyperscale customers in the server and storage space. 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. 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, our ability to
regain compliance with NASDAQ listing rules, risks associated with
the launch and commercial success of our products, programs and
technologies; our capital resources; the success of product
partnerships; continuing development, qualification and volume
production of HyperVault™, EXPRESSvault™, NVvault®,
HyperCloud® and VLP Planar-X RDIMM; the timing and
magnitude of the decrease in sales; our ability to leverage our
NVvault® and EXPRESSvault™ technology in a more diverse customer
base; the rapidly-changing nature of technology; risks associated
with intellectual property, including risks associated with the
inherent uncertainty of the litigation process; 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 27, 2015, 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.
For more
information, please contact:
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Investors:
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Press:
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Brainerd
Communicators, Inc.
|
Brainerd
Communicators, Inc
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Mike Smargiassi/Jenny
Perales
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Sharon Oh
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NLST@braincomm.com
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NLST@braincomm.com
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(212)
986-6667
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(212)
986-6667
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SOURCE Netlist, Inc.