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IRVINE, California - Memory and storage solutions provider Netlist, Inc. (OTCQB:NLST), a $270 million market cap company with annual revenues of $140 million, has appointed Jun S. Cho and Blake Welcher to its board of directors as independent members, effective Friday. According to InvestingPro data, the company has shown impressive revenue growth of 46% in the last twelve months.
Cho previously served as Vice President and General Counsel for Stellantis NV’s India Asia Pacific Region, where he led technology licensing, product distribution, and transaction initiatives. His prior experience includes roles at international law firms including Debevoise & Plimpton, Kim & Chang, and Arnold & Porter. Cho holds a Juris Doctorate from New York University School of Law.
Welcher currently serves as a Strategic Board Member of Curbit and previously held positions as Chief Legal Officer at Revolution Prep LLC and Vice President, General Counsel at PSI Services LLC. He also spent significant time at DTS, Inc. as Executive VP, Legal & Licensing, General Counsel, and Corporate Secretary. Welcher is a U.S. licensed Patent Attorney with a Juris Doctorate and Masters of Intellectual Property from Franklin Pierce Law Center.
"Jun and Blake are experienced strategic advisors with extensive expertise in product distribution, intellectual property and licensing," said C.K. Hong, Netlist’s Chief Executive Officer, in a press release statement.
Netlist describes itself as an innovator in advanced memory and storage solutions with a portfolio of patented technologies related to AI computing.
The company trades on the OTCQB market under the ticker NLST.
In other recent news, the United States District Court for the Eastern District of Texas upheld a $445 million jury verdict against Micron Technology in a patent infringement case involving Netlist, Inc. This decision follows a May 2024 verdict where Micron was found to have willfully infringed on Netlist’s patented memory technologies. The damages cover Micron’s infringement of Netlist’s ’912 and ’417 patents over a period extending from April 2021 to May 2024. The court’s decision effectively concludes the case at the district court level, though it may still face potential appeals. Netlist’s CEO, C.K. Hong, highlighted the significant value of the company’s intellectual property in light of the large damages award. This case is part of Netlist’s broader involvement in patent litigation with major technology firms. The final judgment was entered in July 2024, and further details are accessible through the Public Access to Court Electronic Records system.
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