KFAR SAVA, Israel, April 30, 2018 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that a Tier-1 US
telecommunications company has selected one of Silicom's innovative
edge devices for a new SD-WAN-based Small Business Gateway offering
that it plans to launch soon. The customer has already placed
nearly $1 million in preliminary
purchase orders to be delivered during Q2-Q3 2018, and forecasts
that a several additional million dollars worth of products will
need to be delivered by the end of 2018. During 2019, the customer
expects to ramp up its program gradually to a steady run rate of
$15 to $20
million per year.
In parallel, Silicom is working with the customer to obtain all
necessary certifications for the selected edge devices that, in
accordance with the customer's decision, will include LTE and Wi-Fi
interfaces. Once these certifications are received, the customer
will be able to begin deployment of the devices including in LTE
and Wi-Fi environments.
The client is also currently engaged in an evaluation process
regarding another huge Universal CPE (uCPE) program for its NFV
deployments, and Silicom's edge devices have reached the
"shortlist" stage in this program.
"We are very excited to initiate a relationship with this giant
telco for edge networking products at the focal point of the
exploding SD-WAN and NFV markets, which are highly strategic for
all major telcos today," commented Shaike
Orbach, Silicom's President & CEO. "Our selection by
this industry leader confirms that we are considered a 'go-to'
company for telco edge devices - and indeed we are currently
engaged in a variety of discussions, both with this customer
regarding its NFV project and with additional telcos looking to
launch new SD-WAN and NFV-based services. All of them are
struggling with the daunting challenge of handling the massive
volumes of data that are now coming to the edge. They have a clear
need for our edge devices to help them integrate a variety of
technologies as the basis for a new business model.
"Telcos and other clients understand that we offer them the
'whole package': not just superb technology, but also exceptional
development capabilities and a commitment to total support. That is
why we expect to continue being chosen to deliver what telcos need
at the edge - and that's why we expect our edge offerings to become
a major 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.