Diablo Wins; Federal Court Completely Dissolves Injunction

Court will now decide on awarding bond to Diablo

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Apr 27, 2015, 10:42 ET

SAN JOSE, Calif., April 27, 2015 /PRNewswire/ -- Diablo Technologies today announced that the United States District Court for the Northern District of California ruled to completely dissolve a preliminary injunction enacted in January 2015. The ruling definitively reaffirms Diablo's right to ship its award-winning Memory Channel Storage™ (MCS™) chipset without restriction. The final step in this legal process will be for the court to rule on awarding Diablo the bond posted by Netlist Inc. (NLST) in January at the time of the preliminary injunction.

"Diablo is a company driven by technology and innovation; this ruling again confirms our ability to deliver MCS-based products to the market," said Riccardo Badalone, CEO and Co-founder of Diablo Technologies. "The courts have decided, and with this behind us, we return our sole focus to the development and delivery of game-changing products to our customers."

This ruling comes shortly after Diablo won a decisive victory on March 25^th 2015, where a federal Jury ruled unanimously in favor of Diablo. Since that time, Diablo has won a series of legal battles against Netlist, culminating in this definitive victory of fully dissolving a preliminary injunction that was put in place in January 2015.

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About Diablo Technologies

Founded in 2003, Diablo is at the forefront of developing breakthrough technologies to set the standard for next-generation enterprise computing. 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.

Website: http://www.diablo-technologies.com/

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SOURCE Diablo Technologies