KFAR SAVA, Israel, May 16, 2017 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that it has been awarded a
Design Win from a new customer, a leading Flash-Only Storage
company for a proprietary new front-loading compression module.
Based on latest compression technology, the new product uses NVMe,
a standard developed primarily for high-speed flash-based storage,
to create a state-of-the-art PCI-E compression module that can be
replaced or added to storage appliances in the field.
Silicom has already received initial purchase orders from the
customer and based on the customer's guidance, the Company expects
production orders to ramp up to approximately $1 million per year. In parallel, the Company
intends to market the product to the broad range of storage
appliance companies that are currently designing new offerings that
use the NVMe standard.
"We are excited to be one of the first to offer a
next-generation compression solution that leverages the latest
compression technology and the NVMe standard," commented
Shaike Orbach, Silicom's CEO. "This
super-fast, super-powerful compression module will help storage
appliances deliver the exciting speeds that should be – but have
not yet been – achievable for SSD and flash-based solutions. As
such, we are experiencing strong interest in our design and
concept.
"As so often in the past, our ability to identify this unfilled
market derived from our ongoing close communication with existing
clients across all market segments, together with our relationship
with suppliers, which continues to give us an insider's insight
into upcoming technology innovations. Given our early entry into
this market and the expectation that NVMe demand will scale
significantly, we believe that the storage market can become a
significant growth engine in years to come."
About Silicom
Silicom Ltd. is an industry-leading provider of high-performance
networking and data infrastructure solutions. Designed primarily to
increase data center efficiency, Silicom's solutions dramatically
improve the performance and availability of networking appliances
and other server-based systems.
Silicom's products are used by a large and growing base of OEM
customers, many of whom are market leaders, as performance-boosting
solutions for their offerings in the Cyber Security, Network
Monitoring and Analytics, Traffic Management, Application Delivery,
WAN Optimization, High Frequency Trading and other mission-critical
segments within the fast-growing data center, enterprise
networking, virtualization, cloud computing and big data markets.
Silicom's product portfolio includes multi-port 1/10/25/40/100
Gigabit Ethernet server adapters, Intelligent Bypass solutions,
Encryption accelerators, Ultra Low Latency solutions, Time Stamping
and other innovative Smart adapters. These products are available
for incorporation directly into our OEM customers' systems, or
provided as part of Silicom's patented SETAC (Server To Appliance
Converter), a unique approach to the provision of high quality
standard platforms with modular front connectivity.
For more information, please visit: www.silicom.co.il
Statements in this press release which are not historical data
are forward-looking statements which involve known and unknown
risks, uncertainties, or other factors not under the company's
control, which may cause actual results, performance, or
achievements of the company to be materially different from the
results, performance, or other expectations implied by these
forward-looking statements. These factors include, but are not
limited to, difficulty in commercializing and marketing of
Silicom's products and services, maintaining and protecting brand
recognition, protection of intellectual property, competition and
other factors detailed in the company's periodic filings with the
Securities and Exchange Commission. These forward-looking
statements can generally be identified as such because the context
of the statement will include words, such as "expects," "should,"
"believes," "anticipates" or words of similar import. Similarly,
statements that describe future plans, objectives or goals are also
forward-looking statements. In light of significant risks and
uncertainties inherent in forward-looking statements, the inclusion
of such statements should not be regarded as a representation by
the company that it will achieve such forward-looking statements.
The company disclaims any duty to update such statements, whether
as a result of new information, future events, or otherwise.
Company Contact:
Eran Gilad, CFO
Silicom Ltd.
Tel: +972-9-764-4555
E-mail: erang@silicom.co.il
Investor relations contact:
Ehud Helft
GK Investor Relations
Tel: +1-646-201-9246
E-mail: silicom@gkir.com
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SOURCE Silicom Ltd