Penguin Solutions, Inc. Ordinary Shares - PENG STOCK NEWS

Cree LED, a Penguin Solutions brand (PENG), and Daktronics (DAKT) have established a multi-year, global patent license agreement effective December 2024. The agreement grants Daktronics access to Cree LED's patented technology, with exceptions.

Cree LED, with over 35 years of expertise in LED die and packaging technology, maintains a substantial intellectual property portfolio focused on LED display applications. The agreement allows Daktronics, a leader in large-scale LED displays, to utilize these patents without concern for potential patent disputes during the agreement term.

While specific licensing terms remain confidential, the partnership enables Daktronics to confidently deliver state-of-the-art LED display systems to the market.

Penguin Solutions (PENG) has completed a strategic investment from SK Telecom (SKT), with SKT acquiring 200,000 convertible preferred shares at $1,000 per share, totaling $200 million. The preferred shares are convertible into ordinary shares at $32.80784 per share and carry a 6% annual dividend. The company plans to use the proceeds to enhance its AI factory offerings.

Following this investment, Min Yong Ha, SKT's Chief Development Officer, has joined Penguin Solutions' Board of Directors. The company has updated its fiscal year 2025 outlook, adjusting GAAP diluted earnings per share from $0.30 (±$0.20) to $0.10 (±$0.20), and Non-GAAP diluted earnings from $1.70 (±$0.20) to $1.50 (±$0.20).

Penguin Solutions (NASDAQ: PENG) has scheduled its first quarter fiscal year 2025 earnings conference call and webcast for Wednesday, January 8, 2025, at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. The financial results will be released via press release before the conference call.

Investors can access the live webcast through the company's investor relations website. For those preferring to dial in, domestic participants can call +1-833-470-1428, while international participants can dial +1-404-975-4839, using access code 213238. A replay will be available on the IR website for one year, and an audio replay will be accessible for one week after the call.

Stratus Technologies, a Penguin Solutions brand (Nasdaq: PENG), announced its participation at Rockwell Automation's Automation Fair from November 18-21 in Anaheim, CA. The company will showcase its ztC Edge platform running cybersecurity applications from Fortinet, Claroty, and Rockwell Automation. A key highlight includes a live mini-factory demonstration with Conperio, showcasing how Rockwell's software on the ztC Edge platform addresses manufacturing challenges. The event will feature demonstrations of the Stratus and Rockwell Automation PlantPAx Solution-in-a-Box, designed for small to medium-scale distributed control systems with up to 5,000 I/Os.

Penguin Solutions (Nasdaq: PENG) has expanded its OriginAI infrastructure solution to include the latest NVIDIA and AMD GPUs, along with Dell Technologies AI-optimized hardware. The solution now supports NVIDIA H200 and AMD Instinct MI300X GPU-powered servers, with plans to enable NVIDIA Blackwell B200 and AMD Instinct MI325X in early 2025. The offering includes enhanced Scyld ClusterWare software for improved cluster management, featuring upgraded infrastructure security, expanded node management, and increased Ubuntu support.

Penguin Solutions (Nasdaq: PENG) announces the availability of new Altus servers powered by AMD EPYC 9005 Series processors. The servers feature 192 core count and 12 channels of DDR5 memory, designed for high-performance computing (HPC) and AI workloads. The company offers air-cooled models Altus XE1312v2 and XE2312v2 immediately, with liquid-cooled XE2342v2 planned for 1H 2025. These servers support up to 6TB-24TB of DDR5 memory and multiple PCIe Gen5 slots, making them ideal for compute-intensive applications and mixed-use AI workloads.

Penguin Solutions (NASDAQ: PENG) announced a collaboration with Dell Technologies to deliver complete AI solutions through validated, high-performing AI infrastructure. The partnership combines Dell PowerEdge AI-optimized servers, PowerScale storage, and PowerSwitch data center switches with Penguin's OriginAI solutions and ClusterWare management software. The solution aims to simplify GPU cluster deployment while improving performance and availability.

Based on experience managing over 85,000 GPUs, the OriginAI infrastructure solution is being adopted by cloud service providers and enterprise customers across various sectors. The solution will be showcased at the Supercomputing 2024 conference in Atlanta.

Stratus, a Penguin Solutions (PENG) brand, announced support for Microsoft Windows Server 2022 on its ztC Endurance platforms. This update enables organizations to run Windows Server-based applications with 99.99999% reliability, protecting critical applications from downtime and data loss. The platform now includes 25Gb Ethernet networking options and offers power configuration choices of 100-127 VAC or 200-240 VAC. The model 5100 with Windows support will be available on November 18, 2024, with Hyper-V availability planned for first half of 2025.

Penguin Solutions (PENG) announced its participation at Supercomputing 24 (SC24) in Atlanta from November 18-22. With over 25 years of high-performance computing experience and 85,000+ GPUs deployed, the company will showcase technology demos including OriginAI Factory Solution, Scyld ClusterWare, Stratus ztC Endurance, and SMART Modular Memory Technology.

The event will feature speaking engagements on AI Makerspace with Georgia Tech, innovative data center cooling, and processor design innovation. Penguin Solutions is also sponsoring the Beowulf Bash and the University of New Mexico team in the Student Cluster Competition.