KFAR SAVA, Israel, Oct. 5, 2020 /PRNewswire/ -- Silicom Ltd.
(NASDAQ: SILC), a leading provider of networking and data
infrastructure solutions, today announced that it has achieved
three new uCPE device wins with top-tier telcos, representing a
combined revenue potential of approximately $10 million per year once steady-state delivery
levels are reached.
These wins are the result of ongoing fruitful cooperation
between Silicom and a leading SD-WAN software vendor, which began
two years ago when both companies identified the huge potential in
combining the capabilities of Silicom's latest generation hardware
CPEs with the partner's software-based disaggregated routers. At
that time, the two companies joined forces to win a major US
healthcare chain's tender for a nationwide deployment.
Since then, joint marketing efforts have accelerated, leading to
the three current telco wins. In each of these cases, the potential
for Silicom extends beyond the deals themselves. This comes from
two directions: 1) the telcos themselves, each of which
represents the potential for additional opportunities; and 2) the
system integrator working with Silicom in one of the projects,
which may become a basis for additional wins in various areas.
"Our wins with these three leading telcos demonstrate the
increased demand that the disaggregation concept is creating for
our feature-rich uCPE devices," commented Shaike Orbach, Silicom's CEO. "We look forward
to bringing our unique solutions for the SD-WAN space to the
growing number of operators and enterprises looking for the right
way to implement a decoupled network strategy: an approach that
will take their network agility and flexibility to a whole new
level while reducing provisioning, upgrade and service delivery
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
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 170
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, disruptions to our manufacturing and development along
with general disruptions to the entire world economy relating to
the spread of the novel coronavirus (COVID-19) 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.
Tel: +1 646 201
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SOURCE Silicom Ltd.