Diablo Technologies Expands Board with another Outstanding Technology Veteran

SAN JOSE, Calif., Feb. 9, 2016 /PRNewswire/ -- Diablo Technologies today announced that Richard S. Chernicoff has joined Diablo's Board of Directors as an independent director. Chernicoff brings extensive executive experience in business strategy, intellectual property, and corporate finance, spanning multiple technology sectors.

"We look for outstanding individuals to strengthen our board's breadth of knowledge and expertise," said Mark Stibitz, Diablo's Chairman and Chief Executive Officer. "Rich brings a wealth of experience in technology business management and executive leadership. I'm pleased to welcome him to the team and look forward to Rich making many important contributions to Diablo as we continue to execute on our growth strategy in this very exciting market."

Chernicoff has held high-level executive positions at Tessera Intellectual Property Corp, Unity Semiconductor, and SanDisk Corporation. Over his 13-year business career, Chernicoff formed joint ventures, led financing efforts, re-engineered supply chain and launched several successful products. In addition, he was responsible for an intellectual property business, which garnered $500 million in annual revenue. Chernicoff also spearheaded numerous strategic initiatives and contributed heavily to SanDisk's revenue growth from approximately $560 million to $3.5 billion during his tenure. His 16-year professional services career includes work at Skadden, Arps, Slate, Meagher & Flom LLP, the Division of Corporation Finance of the United States Securities and Exchange Commission, and Ernst & Young LLP. Chernicoff holds a J.D. from Saint John's University, a B.S. in Accounting from California State University, Northridge, and certifications from the California Bar and California State Board of Accountancy.

"I'm excited to join the Board at a time when Diablo is uniquely positioned with its innovation and leadership in enabling NAND-Flash as server memory and high-performance enterprise storage," said Chernicoff. "I look forward to partnering with the other board members and management team and contributing to Diablo's success."

Diablo's Board currently includes seven Directors and two Advisors.

Board Directors:

Mark Stibitz – Chairman and CEO

Glen Schwaber – Israel Cleantech Ventures

Richard Chernicoff – Independent Director

David Adderley - Celtic House Venture Partners

Ian Wyatt – BDC Capital

Scott Tobin – Battery Ventures

Yair Re'em – Hasso Plattner Ventures

Board Advisors:

Alex Benik – Battery Ventures

Tomas Valis – Celtic House Venture Partners

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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 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 leadership team has decades of experience in system architecture, chipset design, enterprise software and business development at companies including PMC-Sierra, Anobit, AT&T-Microelectronics, Bell Labs, Nortel Networks, Intel, Cisco, AMD, SEGA, Cadence Design Systems, Matrox Graphics, BroadTel Communications and ENQ Semiconductor. Learn more at http://www.diablo-technologies.com.

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