KFAR SAVA, Israel, Nov. 1, 2017 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that it has been awarded a
design win from a leading Fintech player for its most advanced FPGA
(Field Programmable Gate Array)-based networking card, confirming
the positioning of the Company's FPGA technology as a platform for
a variety of emerging new "FPGA in the Cloud" applications. The
customer plans to use the Silicom solution in all of its
deployments moving forward, with resulting revenues expected to
ramp up to approximately $1 million
per year.
The Design Win is for Silicom's highest-end FPGA-based card to
date: an ultra-low-latency solution featuring high-speed host
connectivity and four 10-100gbps ports interconnected by an
extremely advanced FPGA. The FPGA itself integrates proprietary
technologies developed separately by Silicom and the customer. The
adapters will be deployed in FPGA cards clusters managed by a
single server, thus maximizing functionality while conserving both
space and power.
"We are proud that this prestigious customer has chosen Silicom
as its FPGA-solution partner for its next-generation deployments,"
commented Shaike Orbach, Silicom's
President & CEO.
"For years, compute-heavy industries have looked to FPGA for
their potential to increase performance while reducing energy and
space requirements; and within the Fintech industry, FPGAs have
also been deployed to achieve the lowest latency. This new solution
takes all of these capabilities to a new peak, delivering superior,
ultra-low-latency and unmatched compute power, together with
reduced space and power consumption."
Mr. Orbach continued, "Besides making us a significant player in
the growing Fintech market, we believe the availability of our
highly-customizable FPGA solutions positions us to benefit from the
growth of 'FPGA in the Cloud,' a trend which is just beginning to
build steam. Further, we believe that the collaborative model we
have initiated with this customer, including the integration of our
FPGA technology with the client's application-specific IP, is an
approach that will open up numerous new opportunities for us in the
near future."
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