"Netlist
Inc said it signed deals with Hewlett Packard Co and International
Business Machines Corp to make its flagship product HyperCloud memory
system compatible with their servers."
Netlist (NLST)
designs and manufactures a wide variety of high-performance, logic-based
memory subsystems for global datacenter and high-performance computing and
communications markets.
Netlist's
flagship products include HyperCloud, a memory module that breaks
traditional memory barriers; the NVvault family of products including
NVvault battery-free, a flash memory-based subsystem that enables data
retention for weeks following a disaster, and EXPRESSvault, a PCI Express
backup and recovery solution for cache data protection; and a robust
portfolio of high performance and specialty DIMMs including HyperStream, a
low latency memory module, and the 16GB, 4Rank, very low profile Planar-X
RDIMM, which helps reduce power consumption in servers using the Company's
patented Planar-X technology.
The memory
products are developed for applications in which high-speed, high-capacity
memory, enhanced functionality, small form factor and heat dissipation are
key requirements. These applications include tower servers, rack-mounted
servers, blade servers, high-performance computing clusters, engineering
workstations and telecommunications equipment.
NLST
Investor Highlights
Netlist Inc said it signed
deals with Hewlett Packard Co and International Business Machines Corp
to make its flagship product HyperCloud memory system compatible with
their servers.
Announced the industry's
first 32GB Virtual Dual Rank (2vR) RDIMM (registered dual inline memory
module). The new HyperCloud™ module enables an unprecedented 768GB of
RDIMM memory capacity in the next generation two-processor servers.
Revenues for the third quarter, were $16.3
million , up 55 percent from revenues of $10.6 million for the third
quarter ended October 2, 2010 .
Gross profit for the third quarter, was $5.5
million , or 34 percent of revenues, compared to a gross profit of $3.0
million , or 29 percent of revenues, for the third quarter ended October
2, 2010 , an increase of 83 percent.
Announced that the U.S. Patent and Trademark
Office (USPTO) has recently issued notices of allowance to Netlist for
three patent applications.
Announced that its 64GB SLC- and 128GB MLC-based
PCI Express (PCIe) Mini SSD drives are now included on the PCI-SIG
Integrators List.
C.K.
Hong - Chief Executive Officer and Co-Founder
Mr. C.K.
Hong, has over 25 years of management experience in the technology
field. Before Netlist, he served as President of Infinilink, a DSL equipment
manufacturer, and as executive vice president of Viking Components, Inc., a
memory module manufacturer. Prior to this, he spent 15 years with LG
Electronics and LG Semicon where he held various senior management positions
in the U.S and in Korea. Mr. Hong holds an MS in Technology Management from
Pepperdine University and a BS in Economics from Virginia Commonwealth
University.
Gail
Sasaki - Vice Preisdent and Chief Financial Officer
Ms. Gail
Sasaki, has over 30 years of experience in financial planning and
strategic transactions in technology companies. She joined Netlist in 2006
and helped take the Company public. Prior to Netlist, Ms. Sasaki served as
Senior VP of Finance and Treasurer at eMotion, Inc., previously a subsidiary
of Eastman Kodak, CFO of MicroNet Technology, and worked for many years in
public accounting with Ernst & Young. Ms. Sasaki holds a BA, Magna Cum
Laude, from the University of California Los Angeles and an MBA from the
University of Southern California.
JSteve
McClure - Vice President Worldwide Sales and Marketing
Mr. Steve
McClure, brings over 15 years of experience in establishing and
growing new businesses and expanding customer engagements in the
semiconductor industry. Prior to Netlist, he served as VP Marketing for
Microsemi Corporation. Previously, he served as VP and GM for Teridian
Semiconductor Corporation where he led marketing, product strategy,
engineering and product development. Mr. McClure received his BS in
Electrical Engineering, MS in Electrical Engineering and an MBA from the
University of Southern California.
51 Discovery
Irvine, CA 92618
Phone: 949-435-0025
Fax: 949-435-0031
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