SOURCE: Netlist, Inc.

August 18, 2006 19:30 ET

Netlist, Inc. Files Registration Statement for Proposed Initial Public Offering

IRVINE, CA -- (MARKET WIRE) -- August 18, 2006 -- Netlist, Inc. today announced that it has filed a registration statement with the Securities and Exchange Commission for the proposed initial public offering of its common stock. Thomas Weisel Partners LLC is acting as sole bookrunning manager for the offering. Needham & Company, LLC and WR Hambrecht + Co are acting as co-managers. The shares of common stock to be sold in the offering are expected to be offered by Netlist. It is expected that the underwriters will have an option to purchase additional shares of common stock from certain selling stockholders, including members of management, solely to cover over-allotments.

The offering will be made only by means of a prospectus meeting the requirements of the Securities and Exchange Commission. Copies of the preliminary prospectus relating to the offering may be obtained, when available, from Thomas Weisel Partners LLC at One Montgomery Street, San Francisco, CA 94104, or by telephone at (415) 364-2720.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

About Netlist

Netlist, Inc. designs and manufactures high performance memory subsystems for the server, high performance computing and communications markets. The company's memory subsystems are developed for applications in which memory plays a key role in enabling overall system performance. These applications include tower servers, rack-mounted servers, blade servers, high performance computing clusters, engineering workstations and telecommunication switches. Netlist is headquartered in Irvine, California.

Contact Information

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    Netlist, Inc.
    Lee Kim
    Chief Financial Officer
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