KFAR SAVA, Israel, Oct. 28, 2019 /PRNewswire/ -- Silicom Ltd.
(NASDAQ: SILC) today announced that one of its long-term
strategic customers, a leader in the SD-WAN space, has decided to
standardize on Silicom's newest uCPE solutions for use in its next
generation portfolio of SD-WAN devices.
The customer will be using a series of off-the-shelf and
customized SKUs with varying configurations and processing power
options, including optional LTE and Wi-Fi as well as other
extension functionalities. According to the customer's projections,
orders from this Design Win are expected to begin ramping up in
2020 to a full run rate of more than $15
million per year.
"We are excited that this leading SD-WAN company, a strategic
client for years, is standardizing on us as its 'go-to'
connectivity/performance partner, especially now as they prepare to
launch the next generation of their new SD-WAN products," commented
Shaike Orbach, Silicom's CEO.
Mr. Orbach continued, "Over and above the significant revenues,
this win is strategic for us from several points of view. First,
our success with this customer demonstrates our ability to
penetrate SD-WAN market segments beyond telcos, our current
focus.
"Second, this win demonstrates the superiority of our latest
uCPE innovations, for which we are experiencing significant
interest from many customers. And third, it underscores our
customer's appreciation for the high-level co-operation and superb
support that has characterized our relationship over the
years."
Mr. Orbach concluded, "Last but not least, this Design Win
confirms the power of our traditional connectivity markets to drive
our revenue growth. With leading products for multiple markets and
an extensive base of loyal customers, we are optimistic about our
future growth prospects."
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, SD-WAN, NFV and Edge markets, the speed and extent to
which solutions are adopted by these markets, likelihood that
Silicom will rely increasingly on customers which provide solutions
in these evolving markets, 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.
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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