Netlist Responds to SMART Modular Complaint Relating to U.S. Patent No. 8,250,295

Thu Sep 13, 2012 3:30pm EDT

* Reuters is not responsible for the content in this press release.

  IRVINE, CA, Sep 13 (Marketwire) -- 
Netlist, Inc. (NASDAQ: NLST), a leading provider of high performance
memory solutions for the cloud computing market, will vigorously defend
itself against a complaint filed by SMART Modular Technologies, Inc. in
the United States District Court for the Eastern District of California
relating to U.S. Patent No. 8,250,295. Netlist believes that the
complaint has no merit. "As a leader in the field, we have a portfolio of
over 60 patents and pending applications directed to innovative
technologies embedded in our products. None of our current products,
including HyperCloud(TM), infringe upon this recently issued '295
patent," said Netlist President and CEO, C.K. Hong.

    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 HyperCloud(TM), a patented
memory technology that breaks traditional memory barriers, NVvault(TM)
family of products that enables data retention during power interruption,
EXPRESSvault(TM), a PCI Express backup/recovery solution for cache data
protection and a broad portfolio of industrial Flash and specialty memory
subsystems including VLP (very low profile) DIMMs and Planar-X RDIMMs. 

    Netlist develops technology solutions for customer applications in which
high-speed, high-capacity, small form factor and heat dissipation are key
requirements for system memory. These customers include OEMs that design
and build tower, rack-mounted, and blade servers, 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 and an
engineering design center in Silicon Valley, CA. 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(TM), NVvault(TM), HyperCloud(TM) and VLP Planar-X RDIMM; the
rapidly-changing nature of technology; risks associated with intellectual
property, including the costs and unpredictability of litigation over
infringement of our intellectual property and the possibility of the
Company's patents being re-examined 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 February 28, 2012, 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:

Brainerd Communicators, Inc. 
Corey Kinger/Mike Smargiassi (investors) 
Sharon Oh (media) 
NLST@braincomm.com 
(212) 986-6667 

Copyright 2012, Marketwire, All rights reserved.

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