KFAR SAVA, Israel, Aug. 7, 2017 /PRNewswire/-- Silicom Ltd.
(NASDAQ: SILC) today announced that one of its significant
long-term customers has awarded it a new Design Win for an advanced
FPGA (Field Programmable Gate Array) based card that it will use in
a new Network Visibility application. The client has already placed
initial purchase orders totaling several hundred thousand dollars.
In parallel, the customer, a world leader in some of the networking
industry's "hottest" segments, is considering Silicom's solutions
for several additional areas, including both FPGA-based and other
solutions for a variety of applications.
"We are excited that this leading networking company, a
strategic client for years, is turning to us again to deliver an
FPGA-based solution," commented Shaike
Orbach, Silicom's CEO. "This Win is a huge confirmation of
our IP and technology within the FPGA space, an area which is
developing into a mainstream platform in next-generation Cloud
servers. Our FPGA expertise and momentum position us ideally to
benefit from this growth, making FPGA-based solutions a new
potential high-growth area for us."
Mr. Orbach continued, "In addition, this Win demonstrates that
this client, like so many of our other customers, views Silicom as
a 'go-to' connectivity/performance partner, with FPGA expertise
further enhancing our value. Given the close, cooperative nature of
our work, we continually identify new customer needs that we can
address, feeding continuous growth in our business with this client
and others."
Mr. Orbach concluded, "In short, our continued growth with this
customer, together with the FPGA wave that is swelling across the
entire networking and Cloud industries, makes us increasingly
optimistic regarding our future prospects and
growth."
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.