Netlist Selects Diablo Technologies for Production of the Netlist ASICs for HyperCloud™ Memory Modules

Oct 27, 2010, 14:13 ET from Netlist, Inc.

IRVINE, Calif., Oct. 27 /PRNewswire/ -- Netlist, Inc. (Nasdaq: NLST) today announced that Diablo Technologies, Inc. has been selected as a qualified chipset supplier for its HyperCloud™ memory module.  

"We are pleased the Diablo Chipset, specifically designed for Netlist and our HyperCloud memory, has reached production status," said Steve McClure, Netlist's Vice President of Marketing.  "Diablo Technologies' strong design engineering capabilities have delivered the world class silicon implementation necessary to address the rapidly growing memory requirements of virtualization, high performance computing and database applications.  This milestone is particularly important as these requirements scale exponentially in cloud datacenters and HyperCloud is a critical component of that growth."  

"Diablo Technologies' selection as a key supplier to Netlist speaks to the demonstrated performance of our ASICs designed for Netlist's HyperCloud product line.  We believe that HyperCloud fills a critical memory gap in the datacenter by improving the performance of memory intensive server applications.  Netlist's HyperCloud architecture breaks traditional memory speed and capacity limitations and we are very excited about delivering a key element of its success," said Cedric Paillard, Vice President of Marketing, Diablo Technologies.

HyperCloud leverages the benefits of Netlist's patented load reduction and rank multiplication technology to improve overall server performance.  By optimizing server utilization, HyperCloud improves datacenter economics associated with memory intensive, high performance computing applications and workloads, including virtualization, cloud computing, online transaction processing, video services and storage.  Servers in these datacenters are typically underutilized due to memory bandwidth and capacity bottlenecks.  Improving performance while lowering operating and capital expenses in datacenters, increases utility out of new and existing servers.  

About Netlist

Netlist, Inc. designs and manufactures high-performance, logic-based memory subsystems for datacenter server and high-performance computing and communications markets. Netlist's flagship products include HyperCloud Memory, which breaks traditional memory barriers and NetVault, a flash memory-based subsystem that enables data retention weeks following a disaster. The memory technologies 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 telecommunication equipment.  Founded in 2000, Netlist is headquartered in Irvine, California with manufacturing facilities in Suzhou, People's Republic of China.  For more information, visit the company's website at www.netlist.com.

About Diablo Technologies

Diablo Technologies is a leading developer of semiconductor system solutions for memory sub-systems products.  Diablo combines its systems expertise with high-performance SerDes and Memory Interface Intellectual Properties with mixed signal and digital semiconductor design skills to provide highly integrated chipsets that are manufacturable on low-cost, using standard complementary metal-oxide semiconductor (CMOS) processes.  Diablo's solutions are being used by a broad base of leading customers, including memory module manufacturers, personal computers, networking equipment and consumer device manufacturers.  Diablo Technologies is headquartered in Gatineau, Quebec Canada.

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, continuing development, qualification and volume production of NetVault™ NV and HyperCloud™; 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 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, dated February 19, 2010, 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.

Contact:

Allen & Caron Inc

Gail M. Sasaki

Jill Bertotti (investors)

Chief Financial Officer

jill@allencaron.com

Netlist, Inc.

Len Hall (media)

(949) 435-0025

len@allencaron.com

(949) 474-4300

SOURCE Netlist, Inc.



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