Best-in-class SSD controller and NAND technology combine to deliver performance across key metrics – large capacity, low latency, high bandwidth, high IOPS per Watt

SANTA CLARA, Calif. — (BUSINESS WIRE) — August 8, 2017 — Tuesday at Flash Memory Summit 2017, CNEX Labs, Inc., a private semiconductor company providing solid-state storage controllers and software for cloud, hyperscale, and enterprise data centers, announced support of Toshiba Memory Corporation BiCS FLASH™ 3D flash memory with through Silicon Via (TSV) and 3-bit-per-cell (triple-level cell, TLC) technology on the CNEX Westlake Plus NVMe solid-state drive (SSD) controller platform featuring 1 gigatransfer (1 billion transfers) per second (GT/s) NAND interface speed, and demonstration of record-breaking 1.5 Million I/O’s per second (IOPS) read performance.

“Combining a 48-layer 3D flash process and TSV technology has allowed us to increase product read and programming bandwidth while achieving low power consumption,” said Hiroo Ohta, Technology Executive from Toshiba Memory Corporation. “The power efficiency of a single TSV package is approximately twice that of the same generation BiCS Flash memory fabricated without TSV technology.”

“CNEX is working closely with Toshiba Memory Corporation, the NAND Flash industry leader, and is excited to demonstrate the latest innovation in flash technology coupled with CNEX’s advanced NVMe SSD controller to deliver the highest performance and lowest power in the industry,” said Dr. Alan Armstrong, CEO and Co-Founder of CNEX Labs. “Increases in SSD capacity typically are coupled with increased power consumption and reduced performance -- CNEX’s NVMe SSD controller and Toshiba Memory Corporation TSV technology reverse this trend, delivering enterprise and data center customers high capacity drives with low power, combined with IOPS per terabyte (TB) scalability.”

CNEX Labs controller technology not only supports existing BiCS FLASH™ 3D TLC flash, but also supports emerging technologies like TSV to bring unprecedented levels of performance to the high-growth cloud and enterprise markets.

About CNEX Labs, Inc.

CNEX is a privately held company founded in 2013 and funded by venture capital and strategic investments from Fortune 500 companies in storage and networking. CNEX delivers innovative storage system solutions in the form of semiconductors and software, partnering with solid-state storage manufacturers and data center customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability, and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyper scale and enterprise data centers. For more information, please visit www.cnexlabs.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements related to trends in the market for our solutions and services, opportunities for our company in 2017 and beyond, and future product capabilities. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management’s beliefs and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “projects,” “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” and similar expressions and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include the continued expansion of our product line, customer base and the total available market of our products, the continued growth in demand for our products, the continued, increased demand for industry standards-based technology, our ability to react to trends and challenges in our business and the markets in which we operate, our ability to anticipate market needs or develop new or enhanced products to meet those needs, the adoption rate of our products, our ability to establish and maintain successful relationships with our OEM partners, our ability to effectively compete in our industry, fluctuations in demand, sales cycles and prices for our products and services, our success converting design wins to revenue-generating product shipments, the continued launch and volume ramp of large customer sales opportunities, and our ability to protect our intellectual property rights. In addition, current uncertainty in the global economic environment poses a risk to the overall economy as businesses may defer purchases in response to tighter credit conditions, changing overall demand for our products, and negative financial news. Consequently, our results could differ materially from our anticipated results due to these general economic and market conditions, political events and other risks and uncertainties. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.

© 2017 CNEX Labs, Inc. All rights reserved worldwide. CNEX and the CNEX logo are trademarks of CNEX Labs, Inc. All other trademarks are the property of their respective owners.