NetList Inc (NLST)

[100lbStriper]

-Netlist Patents Willfully Infringed-

IRVINE, CA / ACCESSWIRE / May 24, 2024 / Netlist, Inc. (OTCQB:NLST) today announced that it won a $445 million damages award against Micron Technology, Inc., Micron Semiconductor Products, Inc. and Micron Technology Texas LLC (together "Micron") in the United States District Court for the Eastern District of Texas. The award resulted from a jury trial, and involved two Netlist patents: U.S. Patent Nos. 7,619,912 and 11,093,417. The infringing products were all Micron DDR4 RDIMMs and DDR4 LRDIMMs.

The jury's unanimous verdict confirmed that both Netlist patents had been infringed by Micron, that Micron willfully infringed those patents, and that money damages were owed to Netlist for the infringement of both patents. The amount of damages awarded by the jury covers infringement by Micron from April 2021 to May 2024 for the ‘912 patent and from August 2021 to May 2024 for the ‘417 patent.

C.K. Hong, Netlist's Chief Executive Officer, said, "For 24 years, Netlist has been dedicated to developing advanced memory technologies and these patents emanate from the hard work of our engineers. This verdict marks the second time in just over a year that a jury has found willful infringement of our patents by a global semiconductor manufacturer. Juries fundamentally understand that the intentional unauthorized use of intellectual property created by others is improper. The $445 million awarded for past damages from Micron's unauthorized use underscores the immense value of Netlist's technology."