Netlist, Inc. (OTCMKTS: NLST) is an exciting runner in small caps that has skyrocketed up from a dime in June to recent highs of $0.8997. The move comes after the U.S. Court of Appeals for the Federal Circuit affirmed the U.S. Patent Trial and Appeal Board’s decision upholding the validity of Netlist’s U.S. 7,619,912 (‘912) patent that applies to DDR server memory modules. Management noted the appellate court made it clear that the claims of this seminal patent are indeed valid and in so doing, further vindicate Netlist’s decade-long defense of the company’s strategic intellectual property.
The decision is final and binding and represents a resounding win for Netlist. The (‘912) patent is a seminal patent; an invention so impactful that it creates or shifts the technology space. This ruling has much larger implications than just GOOG which will more than likely set the tone for other settlements long overdue here.
Netlist, Inc. (OTCMKTS: NLST) is fully reporting OTCQB and has executive offices located in Irvine, California and manufacturing facilities in Suzhou, People’s Republic of China as well as an engineering design center in Silicon Valley, CA., The Company engages in the design, manufacture, and sale of memory subsystems for the server, computing, and communications markets in the United States. Its memory subsystems consist of DRAM integrated circuits and other components assembled on a printed circuit board. The company’s products for the server market address various memory capacity and configuration requirements, as well as a range of server types, including tower, rack-mounted, and blade servers. It markets and sells its products to original equipment manufacturers through a direct sales force and a network of independent sales representatives.
Netlist owns a valuable and lucrative portfolio of over 130 issued and pending U.S. and foreign patents, many seminal, in the areas of hybrid memory, storage class memory, rank multiplication and load reduction. Netlist has been monetizing its intellectual property through a combination of product sales and licensing, royalty and other revenue-producing arrangements. Netlist is doing impressive numbers reporting $10.9 million in revenues for the second quarter ended June 27, 2020, compared to net sales of $5.5 million for the quarter ended June 29, 2019. Gross profit for the quarter ended June 27, 2020 was $1.8 million, or 16.7% of net sales, compared to a gross profit of $0.4 million, or 7.3% of net sales, for the quarter ended June 29, 2019. As of June 27, 2020 the Company had $10.4 million in cash on hand.
Netlist has been busy significantly strengthening its sales and strategic marketing capabilities; the Company appointed Cameron Sinclair as Vice President of Sales and Tinh Ngo as Vice President of Marketing. Mr. Sinclair brings 15 years significantly strengthen our sales and strategic marketing capabilities of experience in the semiconductor industry and has a deep understanding of memory and storage products. He spent more than ten years at Virtium specializing in selling memory and SSD products to major OEMs. Mr. Ngo has 20 years of experience in strategic marketing and business development with extensive knowledge of the semiconductor space, specifically in the storage (flash, SSD) and memory (DRAM, NVDIMM) markets.
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On September 30 Netlist announced the production shipment of its next generation of high performance N1952 and low power N1552 product line of NVMe™ Solid State Drives (SSDs). Both products’ series use cost-effective 96-layer 3D NAND technology and enhanced firmware that provides superior performance, data integrity and security using standards-based T10 Protection Information (PI) and encryption key management features. Netlist provides supply chain flexibility for its NVMe SSD customers by: Reduction in drive lead time delivery (< 4 weeks). Strategic procurement capabilities for high-capacity drives (8TB and 16TB). Extended product life cycles for half-height, half-length (HHHL) drive support. Flexible inventory management to handle unpredictable demands Netlist’s high performance N1952 and low power N1552 SSDs deliver: High transfer speeds up to 6 GB/s and up to 1M Read IOPs (N1952). Low active power: < 8W (N1552). NVM Express compliant form factors: U.2 (2.5″) & AIC HHHL. TCG Opal encryption key management to help reduce data breach costs. AES-256 encryption: Self-Encrypting Drive (SED). T10 PI for end-to-end data protection (DIF/DIX). Variable sector sizes (512B, 4KB, 512+8B, 4KB+8B, 4KB+64B) used for erasure coding to ensure the highest data integrity for mission critical applications. Up to 32 namespaces for virtualization and application acceleration, reducing TCO. Thermal management temperature settings & sensors and Dual port PCIe capability.
Mario Martinez, Netlist Senior Director Product Marketing, said, “Netlist’s next generation of NVMe SSDs are optimized to deliver exceptional performance, providing end users with superior experiences. Our end-to-end T10 PI feature, variable sector size support, and TCG Opal enablement are ideal for healthcare database management, financial high-frequency trading, military, and government data communication applications requiring maximum data integrity and security.”
Not the biggest on #microcaps but $NLST is a very interesting play. They have cutting edge data storage technology and $GOOGL infringed on their 912 patent. After a hard fought legal battle, the end is in sight. #BigData #BigDataAnalytics #investing https://t.co/6ANxFD6ghi
— Winter Mount Capital (@WinterMountCap) September 25, 2020
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Currently on the move northbound again NLST is easily among the most exciting and explosive stories on the OTCQB that has skyrocketed out of obscurity in recent months to become a volume leader on the exchange. Earlier this year Netlist achieved a milestone victory against Google, as the U.S Court of Appeals for the Federal Circuit affirmed the Patent Trial and Appeal Board’s final decision, validating Netlist’s ‘912 patent. The ruling has much larger implications than just GOOG which will more than likely set the tone for a number of long overdue settlements for Netlist. Management noted the appellate court made it clear that the claims of this seminal patent are indeed valid and in so doing, further vindicate Netlist’s decade-long defense of the company’s strategic intellectual property. We will be updating on Netlist when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Netlist.
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Disclosure: we hold no position in NLST either long or short and we have not been compensated for this article.