Irvine, Calif. - Netlist, Inc. (NASDAQ: NLST), today announced the United States International Trade Commission (ITC) has instituted an investigation of the unfair trade practices of SK hynix related to its importation, sale for importation, and/or sale after importation of RDIMM and LRDIMM enterprise memory products. The ITC will determine over the course of the investigation whether these SK hynix products should be banned from importation into the United States by reason of infringement of six Netlist patents.
"We are pleased with the ITC's decision to investigate the unfair trade practices of SK hynix based on the unauthorized importation of our patented technologies," said C.K. Hong, Chairman and CEO of Netlist. "We are disappointed that SK hynix has been unwilling to negotiate in good faith toward a resolution which fairly compensates Netlist for our valuable intellectual property. While we remain willing to negotiate such a resolution, we look forward to addressing SK hynix's ongoing infringement in an expeditious manner in the ITC."
The ITC investigation will proceed against SK hynix Inc. and its wholly owned subsidiaries SK hynix America Inc. and SK hynix memory solutions Inc. ITC investigations proceed on an expedited basis, commonly progressing to trial within a year. Netlist has asserted the following six patents in the ITC as well as the U.S. District Court for the Central District of California: U.S. Patent Nos. 8,756,364, 8,516,185, 8,001,434, 8,359,501, 8,689,064, and 8,489,837.
Additional information regarding this announcement can be accessed in the Investor's section of Netlist's website at www.netlist.com.
About Netlist, Inc.
Netlist creates solutions that accelerate turning raw data into business insight. The company produces next generation persistent memory solutions that enable businesses to transact quicker, gain insight faster and reduce datacenter cost. Flagship products NVvault® and EXPRESSvault® accelerate system performance and provide mission critical fault tolerance. HybriDIMM™, Netlist's next-generation Storage Class Memory, lowers cost and improves performance of big data analytics and in-memory computing. The company holds a portfolio of patents, many seminal, in the area of hybrid memory, storage class memory, rank multiplication and load-reduction, among others. Netlist is part of the Russell Microcap® Index. To learn more, visit www.netlist.com.