KFAR SAVA, Israel, Feb. 7, 2018 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that one of its long-term
customers, a rapidly-growing Cyber Security company which is now
moving heavily into the processing of higher volumes of data at
much higher data rates, has standardized on Silicom's high-density
server adapters with the intention of eventually using them to
replace all of its lower speed/lower density adapters. With this
new win, the customer's run rate has now risen to $1 million per year, and as the migration to the
higher density adapters continues, the run rate is expected to ramp
up to approximately $1.5 million per
year, even at current quantities.
In parallel, discussions continue regarding the customer's
potential deployment of Silicom's edge devices and smart NICs.
Uptake of any of these advanced products would significantly
increase the customer's annual purchases.
"We are pleased and proud that this fast-growth Cyber leader
views Silicom as its 'performance partner' for dominating the
high-speed/high-volume space," commented Shaike Orbach, Silicom's President & CEO.
"Our high-density adapters are up to the challenge: they handle
massive volumes of data reliably at top speeds, giving the
customer's products a clear performance edge. Just as important,
the customer trusts us for top-level support, manufacturing and
delivery as it builds out its portfolio.
"That is why so many of our customers stay with us for the long
haul, coming initially when they are small and staying with us as
they grow. In essence, we become strategic design partners, helping
them optimize and improve the critical throughput aspect of current
and future products. Given the mind-boggling security challenges
being created by the explosion of data points in the Cloud and IoT
reality, we believe that Cyber Security will continue to be an
important growth driver for us."
About Silicom
Silicom Ltd. is an industry-leading provider of high-performance
networking and data infrastructure solutions. Designed primarily to
improve performance and efficiency in Cloud and Data Center
environments, Silicom's solutions increase throughput, decrease
latency and boost the performance of servers and networking
appliances, the infrastructure backbone that enables advanced Cloud
architectures and leading technologies like NFV, SD-WAN and Cyber
Security. Our innovative solutions for high-density networking,
high-speed fabric switching, offloading and acceleration, which
utilize a range of cutting-edge silicon technologies as well as
FPGA-based solutions, are ideal for scaling-up and scaling-out
cloud infrastructures.
Silicom products are used by major Cloud players, service
providers, telcos and OEMs as components of their infrastructure
offerings, including both add-on adapters in the Data Center and
stand-alone virtualized/universal CPE devices at the edge.
Silicom's long-term, trusted relationships with more than 150
customers throughout the world, its more than 400 active Design
Wins and more than 300 product SKUs have made Silicom a "go-to"
connectivity/performance partner of choice for technology leaders
around the globe.
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, Silicom's increasing dependence for substantial revenue
growth on a limited number of customers in the evolving cloud-based
market, the speed and extent to which cloud-based and cloud-focused
solutions are adopted by the market, likelihood that it will rely
increasingly on customers which provide cloud-based and
cloud-focused solutions in this evolving market, resulting in an
increasing dependence on a smaller number of larger customers,
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.