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SMART Modular Add-In Cards Now Listed on CXL Consortium Integrators' List

1. SMART Modular's CXL memory cards passed compliance testing, enhancing PENG's credibility. 2. Products listed on CXL Consortium's Integrators' List signify adherence to industry standards. 3. Growing demand for high-speed data processing boosts relevance of SMART's solutions.

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FAQ

Why Bullish?

CXL compliance enhances product credibility, driving potential customer interest and demand. Previous tech companies gained value after achieving similar compliance.

How important is it?

The article highlights a major compliance achievement that can attract investors. Compliance with CXL is crucial for technology competitiveness, directly linking to PENG's innovation narrative.

Why Short Term?

Market reaction likely to be immediate due to compliance achievements. Past examples show quick spikes in related stock prices following compliance announcements.

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SMARTPENG
January 21, 2025 11:00 AM Eastern Standard Time NEWARK, Calif.--(BUSINESS WIRE)--SMART Modular Technologies®, Inc. (“SMART”), a Penguin Solutions®, Inc. brand (Nasdaq: PENG) and a global leader in integrated memory solutions, solid-state drives, and hybrid storage products, today announced that its 4-DIMM and 8-DIMM CXL® (Compute Express Link®) memory Add-in Cards (AICs) have successfully passed CXL 2.0 compliance testing. These products are now officially listed on the CXL Consortium's Integrators' List, marking a significant milestone in the company's commitment to delivering high-quality, interoperable memory solutions. The inclusion of SMART Modular Technologies' products on the CXL Integrator's List underscores the company's dedication to adhering to industry standards and ensuring compatibility across a wide range of computing environments. The CXL Compliance Program, developed by the CXL Consortium, provides members with opportunities to test the functionality and interoperability of their products as defined in the CXL specification. This achievement not only highlights SMART Modular Technologies' technical expertise, but also reinforces its role as a leader in advancing integrated memory technology. "Achieving CXL compliance is a testament to our team's hard work and dedication to innovation," stated Andy Mills, vice president of advanced product development at SMART Modular Technologies. "Our 4-DIMM and 8-DIMM CXL memory Add-in Cards are designed to meet the evolving needs of our customers, and this recognition further validates our commitment to providing cutting-edge solutions with enhanced performance and reliability." As the demand for high-speed data processing continues to grow, SMART Modular Technologies remains at the forefront of delivering advanced memory solutions that help drive efficiency and performance in modern computing systems. For more information about SMART Modular Technologies’ CXL solutions, please visit smartm.com. Penguin Solutions, the stylized “S”, “SMART” as well as “SMART Modular Technologies” are trademarks or registered trademarks owned within the family of companies owned by Penguin Solutions, Inc. All other trademarks are the property of their respective owners. About SMART Modular Technologies, Inc. A Penguin Solutions Company SMART Modular Technologies helps customers around the world enable high performance computing through the design, development, and advanced packaging of integrated memory solutions. Our portfolio ranges from today’s leading edge memory technologies to standard and legacy DRAM and Flash storage products. For more than three decades, we’ve provided standard, ruggedized, and custom memory and storage solutions that meet the needs of diverse applications in high-growth markets. www.smartm.com

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