News | August 14, 2017

CNEX Labs And Broadcom Win Most Innovative Flash Memory Technology Award At Flash Memory Summit 2017

SANTA CLARA, CALIF.--(BUSINESS WIRE)--

CNEX Labs, Inc., a private semiconductor company providing solid-state storage controllers and software for cloud, hyperscale, and enterprise data centers, is pleased to announce that together with Broadcom Limited, it has won the Flash Memory Summit ‘Best of Show’ award for the Most Innovative Flash Memory Technology in the Storage Network category.

“IT organizations with cloud scale workloads and virtual machine (VM) infrastructure have a challenge in delivering consistent high performance to all applications. The ideal solution needs to incorporate greater intelligence in the storage management stack,” said Jay Kramer, Chairman of the Awards Program and President of Network Storage Advisors Inc. “We are proud to recognize CNEX Labs and Broadcom for their innovation with Open Channel SSDs (OCSSD) with NVMe over Fabrics as it has the unique capability of addressing inter-application I/O isolation in multi-tenant environments through new techniques in partitioning and mapping data objects, database instances, VMs and containers.”

“Open-Channel SSD technology delivers deterministic IO and workload-optimized storage performance coupled with cost savings, allowing cloud service providers to offer highly differentiated SLAs -- impacting both revenue and the bottom line,” said Dr. Alan Armstrong, CEO and Co-Founder of CNEX Labs. “Open-Channel SSDs, enabled by CNEX SSD controllers and software, rethink the SSD architecture to solve for real-world business problems, and are made further scalable with Broadcom’s NetXtream SOC with NVMe over Fabrics technology. We’re honored to together be recognized with a Flash Memory Summit Best of Show award.”

“As NVMe over Fabrics drives the convergence of storage and networking, powerful solutions like CNEX’s LightNVM software for Open-Channel SSD can take full advantage of Broadcom’s NetXtreme-S which delivers 8 3GHz CPU cores and a 100G RNIC in a single integrated SoC,” said Ed Redmond, senior vice president and general manager of the Compute and Connectivity Division at Broadcom. “The combination of Open-Channel SSD and NVMe over Fabrics delivers unrivaled scalability and flexibility for today’s most demanding cloud and hyperscale data center customers, and we’re thrilled this has been recognized as a Most Innovative Flash Storage Technology.”

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.

© 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.

About Broadcom Limited

Broadcom Limited is a leading designer, developer and global supplier of a broad range of digital and analog semiconductor connectivity solutions. Broadcom Limited’s extensive product portfolio serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other. Applications for our products in these end markets include: data center networking, home connectivity, set-top box, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and electronic displays. For more information, go to www.broadcom.com.

Broadcom, the pulse logo, Connecting everything, and Avago Technologies are among the trademarks of Broadcom. The term "Broadcom" refers to Broadcom Limited and/or its subsidiaries. Other trademarks are the property of their respective owners.

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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.


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