KFAR SAVA, Israel, June 15, 2017 /PRNewswire/ --
Silicom Ltd. (NASDAQ: SILC) today announced that it has been
awarded a new Design Win from an existing customer, a leading
provider of Cloud and Enterprise networking applications and
appliances. The current Design Win is for Silicom's latest
generation of high-end and low-end encryption hardware acceleration
cards that the client will deploy in its next-generation solutions.
Based on the customer's guidance, Silicom expects related orders to
ramp up gradually to approximately $1
million per year.
The process of securing the Design Win included a long
period of evaluation and testing, followed by the customer's
decision that the solution architecture proposed by Silicom was the
best fit for its future needs. Silicom believes this decision will
open the door to new opportunities as the customer considers the
use of Silicom products in its new solutions that use this
architecture.
"We are proud that our client has confirmed the
performance edge that our products deliver, as well as the
responsiveness and quality of our support teams," commented
Shaike Orbach, Silicom's
CEO.
"We believe that these advantages, coupled with the trust
that has built over time between our two companies, will fuel an
ongoing expansion in our business with this networking application
leader as it continues turning to us for value-added technology and
support."
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.