IRVINE, Calif., April 30, 2015 /PRNewswire/ -- Netlist, Inc.
(NASDAQ: NLST), a leading provider of high performance memory
solutions for the cloud computing and storage markets, today
announced the appointment of Jibum (J.B.) Kim as Executive Vice
President of Asia Pacific Sales and Marketing. Based in
Seoul, Korea, Kim will oversee
Netlist's sales efforts in China,
Taiwan, Korea and Japan, and manage strategic partnerships with
various OEMs and ODMs in the region.
With over 30 years of experience in sales, marketing,
procurement and design, Kim most recently served as executive
memory procurement advisor to LG Electronics. Prior to this, he was
the Chief Marketing Officer of SK Hynix where he oversaw worldwide
sales, marketing, and product planning. Prior to SK Hynix,
Kim served as Vice President of DRAM design at LG Semicon, Inc. Kim
holds a BS in Material Engineering from Hanyang University and an MS in Material Science
& Technology from Korea Advanced Institute of Science &
Technology.
"We are delighted to welcome J.B. to the Netlist team. As we
move forward with efforts to broaden the market penetration of our
NVvault product family, the Company will benefit tremendously from
J.B.'s breadth of experience with design wins and key customer
relationships throughout the memory and storage sectors and the
Asia Pacific market," said
C.K. Hong, President and CEO of
Netlist.
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™, a family of hybrid
memory products that significantly accelerate system performance
and provide mission critical fault tolerance, as well as
HyperVault, its next generation hybrid memory solution which is
under development and greatly expands the performance and capacity
of DRAM channel storage. The Company's product offering also
includes 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 88 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 Hypervault™,
EXPRESSvault™, NVvault®, HyperCloud® and VLP Planar-X
RDIMM; the timing and magnitude of the decrease in sales to our key
customer; 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, and we can provide no assurance that our
efforts to mitigate the effects of the jury verdict will be
successful, 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:
Media and Investors:
Brainerd Communicators, Inc.
Mike Smargiassi or Jenny Perales
NLST@braincomm.com
(212) 986-6667
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SOURCE Netlist, Inc.