Netlist Inc. (NASDAQ: NLST) $74M (MarketCap) Trading at +20%

Netlist Inc

Netlist Inc. (NASDAQ: NLST) $74M (MarketCap) Trading at +20%

Founded in 2000, Netlist, Inc. is a designer and manufacturer of high-performance, logic-based memory subsystems for the server and high-performance computing and communications markets. The company's memory subsystems are developed for applications in which high-speed, high-capacity memory, enhanced functionality, small form factor, and heat dissipation are key requirements. Netlist's product, HyperCloud, leverages the benefits of Netlist's patented load reduction and rank multiplication technology to improve overall server performance. It serves as a cost-effective solution by lowering operating expenses for datacenters, offering higher capacity to support memory intensive workloads such as HPC simulations. C.K. Hong, Netlist Chief Executive Officer comments,"Our HyperCloud technology is a key enabler of server efficiency and offers a unique value-add for companies deploying new IT infrastructures."

On June 11th, the company announced that its HyperCloudTM memory module has been selected to run on Viglen servers to support High Performance Computing (HPC) applications. Viglen is a leading British manufacturer and provider of IT solutions within the education and public sector. By incorporating HyperCloud DIMMs into their servers, Viglen has achieved several benefits, including improving aggregate memory bandwith and increasing data throughput by 57%. Following the announcement, its shares rallied nearly 30%. The company's shares continued to rally, jumping by 35 cents, or 14.3 %, to $2.80 in the Monday premarket session. Currently, Netlist's shares are trading at $2.96, up $.51 or 20.82%.

"Netlist's HyperCloud memory uniquely increases aggregate memory bandwidth within our servers to support our customer's workload demands without memory bottlenecks," said Bordan Tkachuk, CEO of Viglen. "Viglen continues to empower our customer's IT estates with new HPC technologies. This differentiated capability improves simulation times with large data sets and increases overall server utilization in HPC applications."

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Disclosure: no positions

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