Penguin Solutions, Inc. - Ordinary Shares (PENG)

Penguin Solutions, Inc. ("Penguin Solutions") (NASDAQ: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its second quarter fiscal year 2025 earnings after market close on Wednesday, April 2, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today announced the expansion of its ICE ClusterWare™ software platform, (formerly Scyld ClusterWare®) with multi-tenancy support, streamlined workflows, and enhanced controls to help enterprises build fully optimized AI ecosystems that scale seamlessly—known as Intelligent Compute Environments.

Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), has introduced the new XLamp® XP-L Photo Red S Line LEDs, a groundbreaking advancement in horticulture lighting technology. Designed to deliver exceptional efficiency, exceptional durability and seamless system upgrades, these LEDs are optimized for high-performance applications in greenhouses, vertical farms, and other large-scale growing operations.

Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (Nasdaq: PENG) today reported financial results for the first quarter of fiscal 2025.

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.

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of California against ADJ Products, LLC (ADJ). The lawsuit asserts that ADJ has infringed Cree LED’s rights in the following patents by selling certain display products: U.S. Patent Nos. US8049230, US8901583, US9054257, US8487337, US8748915, US7718991, US9634209, US9240395, USD684545 and USD704358.

Penguin Solutions, Inc. (Penguin Solutions; Nasdaq: PENG) today announced it has entered into a strategic collaboration agreement with SK Telecom (“SKT”) and SK hynix to pursue the development and delivery of comprehensive AI data center (“AIDC”) solutions. The agreement, signed during CES 2025 in Las Vegas, follows the December closing of SKT’s $200 million strategic investment in Penguin Solutions as the AI infrastructure market continues to gain traction across a broad array of industries.

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Daktronics (Nasdaq: DAKT), today announced a multi-year, global patent license agreement effective December 2024. With limited exceptions, this agreement provides a license to Daktronics for Cree LED’s patented technology for the duration of the agreement.

Penguin Solutions, Inc. (“Penguin Solutions”) (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced the closing of the previously announced strategic investment of SK Telecom (“SKT”) (NYSE: SKM), an affiliate of SK Group. SKT, through Astra AI Infra LLC, a special purpose vehicle formed by SKT to consummate the Investment, has acquired 200,000 convertible preferred shares, par value $0.03 per share, of Penguin Solutions (the “CPS”), at a purchase price of $1,000 per share (the “Investment”). The CPS are convertible into ordinary shares, par value $0.03 per share, of Penguin Solutions (the “Ordinary Shares”), at a conversion price of $32.80784 per preferred share, subject to adjustment upon the occurrence of certain events. The CPS entitle the holder to receive dividends of 6% per annum, cumulative, and payable quarterly in-kind or in cash at Penguin Solutions’ option, subject to certain conditions. A holder of the CPS may convert such holder’s CPS into Ordinary Shares at any time, provided that the CPS may, at Penguin Solutions’ option, automatically be converted into Ordinary Shares on any date following the second year anniversary of the closing of the Investment upon which the volume-weighted average price of the Ordinary Shares for any fifteen consecutive trading day period equals or exceeds 150% of the then-applicable conversion price.

Penguin Solutions, Inc. ("Penguin Solutions") (NASDAQ: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2025 earnings after market close on Wednesday, January 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

Stratus® Technologies, a Penguin Solutions (Nasdaq: PENG) brand and a global leader in simplified, protected, and autonomous computing platforms, today announced its participation at Rockwell Automation’s Automation Fair, November 18-21 in Anaheim, CA. In addition to showcasing its fault tolerant, zero-touch computing platforms, Stratus will join a panel session on critical infrastructure and demonstrate several partnerships and collaborations. This includes pre-validated cybersecurity applications from Fortinet, Claroty, and Rockwell Automation—all of which run on Stratus platforms—as well as teaming with Conperio to present a live mini-factory demonstration.

Penguin Solutions™, Inc. (Nasdaq: PENG) today announced availability of its new Altus® servers powered by AMD EPYC™ 9005 Series processors featuring 192 core count and 12 channels of DDR5 memory tailored to run HPC applications at the highest level of performance. Powered by these latest AMD EPYC processors, Penguin Solutions Altus servers offer best in-class price-to-performance value, and are an ideal match to architect HPC and AI infrastructure, including AI clusters that support mixed-use workloads.

Penguin Solutions™, Inc. (Nasdaq: PENG) today announced the addition of the latest NVIDIA and AMD GPUs as well as Dell Technologies AI-optimized hardware to its OriginAI® infrastructure solution. This validated, pre-defined set of AI infrastructure architectures matches best-in-class GPU servers, networking, and storage options with Penguin Solutions’ intuitive, intelligent cluster management software and world-class design, build, deploy and manage services. Using the OriginAI solution, organizations can rapidly deploy AI infrastructure at scale and achieve faster access to the ROI and competitive benefits that AI technology can deliver.

Stratus®, a Penguin Solutions (Nasdaq: PENG) brand and a global leader in simplified, protected, and autonomous zero-touch computing platforms, today announced Stratus ztC Endurance™ support for Microsoft Windows Server 2022. This new support delivers critical optionality to the market, giving IT and OT teams a seamless path to the seven nines (99.99999%) reliability of the Stratus ztC Endurance platform for protecting critical applications from downtime and data loss in Windows environments.

Penguin Solutions™, Inc. (Penguin Solutions, Nasdaq: PENG), today announced its collaboration with Dell Technologies to deliver complete AI solutions that accelerate customers’ time to value through validated, high-performing AI infrastructure. These end-to-end Penguin OriginAI® solutions combine Dell PowerEdge AI-optimized servers, Dell PowerScale storage and Dell PowerSwitch data center switches with Penguin’s validated solution architectures. When enhanced by Penguin’s ClusterWare® intelligent cluster management software and supported by Penguin’s expert AI and high-performance computing infrastructure services — GPU cluster deployment and management are simplified while driving increased performance and availability.

Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced the launch of its new CV28D LEDs with FusionBeam™ Technology, a groundbreaking advancement for the LED signage market. The CV28D LED combines the latest through-hole and surface-mount (SMD) RGB LED technology, delivering superior directionality, image quality, and resolution in a durable, easy-to-assemble package.

Penguin Solutions, Inc. (Penguin Solutions, Nasdaq: PENG) today announced its participation at Supercomputing 24 (SC24), which will include product demonstrations, speaking engagements, and presence on the show floor. Known as the international conference for high-performance computing (HPC), networking, storage, and analysis, SC24 takes place in Atlanta, November 18-22. The event draws leading professionals from academia, government, industry, and research institutions, serving as an important forum for discussing advances in computational science and large-scale computing environments.

Penguin Solutions, Inc. (“Penguin”) (Nasdaq: PENG) today released the 2023 Penguin Solutions Environmental, Social, and Governance Report, the fourth annual record of the company’s progress on its environmental, social, and governance (ESG) goals. The report provides a transparent account of the company’s ongoing commitment to maintaining high standards of safety and ethical conduct, cultivating a workplace culture that champions diversity, equity, and inclusion, and giving back to the global communities in which it operates.

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 its new ruggedized T6EN PCIe/NVMe flash drives for aerospace, defense, and industrial applications. This new family of SSDs is available in U.2, E1.S and M.2 2280 form factors, enabling flexibility for end users based on their specific application and configuration needs.

Penguin Solutions, Inc. (“Penguin Solutions,” “we,” “us,” or the “Company”) (NASDAQ: PENG) today announced its new company name and reported financial results for the fourth quarter and full year fiscal 2024.