NetList Inc (NLST)

[umiak]

NETLIST AND SK HYNIX ENTER INTO STRATEGIC AGREEMENTS FOR PATENTS, TECHNOLOGY AND PRODUCT SUPPLY

C.K. Hong, Netlist's Chief Executive Officer said, "We are delighted with the recognition of the value of Netlist's intellectual property and very much look forward to partnering with SK hynix, a global leader in memory and storage technology."

The agreements provide SK hynix with access to Netlist's portfolio of U.S. and foreign patents. Netlist will receive a royalty from SK hynix, a cross license to SK hynix's patent portfolio and supply of SK hynix's memory and storage products. The companies also plan to collaborate on Netlist's HD CXL technology for future commercialization.

Netlist and SK hynix have agreed to end all pending matters in the U.S. District Court for the Western District of Texas and the Patent Trial and Appeals Board of the U.S. Patent and Trademark Office.

Netlist will host a conference call to discuss today's announcement at 5:00 p.m. Eastern Time on April 7, 2021. Netlist encourages participants to pre-register for the conference call. Callers who pre-register will be given a unique PIN to gain immediate access to the call and bypass the live operator. To pre-register, click here.

For those who would like to join the call but have not pre-registered, they can do so by dialing [phone] and requesting the "Netlist Conference Call."