Case Closed: Diablo Technologies Wins; Awarded Bond In Netlist Lawsuit

SAN JOSE, Calif., Sept. 2, 2015 /PRNewswire/ -- Diablo Technologies today announced that United States District Judge Yvonne Gonzalez Rogers ordered the full bond posted by Netlist Inc. (NLST) be paid to Diablo in partial compensation for the profits it lost because it was wrongfully enjoined. The Court also denied Netlist's motion to set aside the jury verdict and denied Netlist's request for a new trial. Additionally, Diablo was declared the victor in the lawsuit, concluding Case No. 4:13cv- 05962 YGR in the U.S. District Court for the Northern District of California.

"The judge's ruling reaffirms Diablo's position from the outset," said Riccardo Badalone, CEO and Co-founder of Diablo Technologies. "We look forward to continuing to deliver innovative solutions such as our Memory Channel Storage™ platform and newly announced Memory1™ to our customers."

Today's rulings conclude the case brought by Netlist, which proceeded to trial on March 9, 2015. Following a two-week trial period, the jury ruled unanimously in favor of Diablo on Netlist's attempt to grasp at Diablo's market leading software / hardware memory channel solutions. Today's final judgment formally closes the case with this Court.

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ABOUT DIABLO TECHNOLOGIES

Founded in 2003, Diablo is at the forefront of developing breakthrough technologies for next-generation enterprise computing. Diablo's flagship Memory1 is a first-of-its-kind memory technology that delivers four times the capacity of the largest DRAM modules. Diablo's Memory Channel Storage™ (MCS™) platform combines innovative software and hardware architectures with Non-Volatile Memory to introduce a new and disruptive generation of Solid State Storage for data-intensive applications. The Diablo executive leadership team has decades of experience in system architecture, chipset design, enterprise software and business development at companies including IBM, Nortel Networks, Intel, Cisco, AMD, SEGA, ATI, Cadence Design Systems, Matrox Graphics, BroadTel Communications and ENQ Semiconductor. Learn more at http://www.diablo-technologies.com.

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SOURCE Diablo Technologies Inc.

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