KFAR SAVA, Israel, March 26, 2019 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that it has been
selected by a leading cloud player to supply an FPGA-based smart
NIC that is planned to become a part of the customer's virtualized
Cloud.
The client selected the product due to its advanced features
set, including its ability to easily and flawlessly interface with
the customer's virtual network, an important competitive advantage
of our FPGA-based Smart NIC. It then initiated a long evaluation
process during which Silicom's engineers helped the customer
integrate its own IP into the FPGA, tested and verified the
solution. Now, the client has moved towards a limited deployment
designed to test the card's suitability for a massive network-wide
deployment.
Silicom has already received nearly $1
million in orders for the limited deployment planned for
2019. Network-wide deployment, assuming it materializes, will
generate significant, multi-million orders per year during the next
few years, which may, in a best-case scenario, exceed $10 million/year.
"We are very excited to have been selected by this important
Cloud player, another confirmation of the superiority of our
technology and the soundness of our FPGA strategy," commented
Shaike Orbach, Silicom's President
and CEO. "The customer was initially attracted by the unique
combination of features that we offer, including an ultra-small
footprint-to-throughput ratio together with a 'hand-in-glove'
suitability for virtual environments that facilitates simple
integration of the card with the customer's software and virtual
environment.
"Equally important are the very close relationships that have
developed between the client's engineers and our staff, which we
believe will open up the potential for additional wins. For
example, we are already discussing another use-case for FPGA cards
that could develop into more multi-million dollar, multi-year
orders, and we expect new opportunities to emerge from this
customer over time."
Mr. Orbach concluded, "Beyond this specific customer, given the
continued strong FPGA interest that we are receiving from
additional Cloud, Service Provider and other players throughout the
world, we are more confident than ever about the power of
FPGA-based products to become one of our major revenue
drivers."
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 /
Gavriel Frohwein
GK Investor
Relations
Tel:
+1-646-668-3559
E-mail:
silicom@gkir.com
|
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SOURCE Silicom Ltd.