KFAR SAVA, Israel, Jan. 11, 2021 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC), a leading provider of
networking and data infrastructure solutions, today announced that
one of the world's largest telcos has awarded it a design win for
its recently-announced vRAN (Virtual Radio Access Network) FEC
Accelerator card, which will be deployed in the telco's new 5G
network Distributed Units (DUs).
For the customer's initial field deployments, Silicom has
already received POs totaling more than $1.5
million for this card, and 2021 revenues from the design win
are expected to reach approximately $3
million.
As part of the deployment process, Silicom will work closely
with two of the telco's DU suppliers, both world-leading server
manufacturers. These suppliers are the parties who actually place
the POs with Silicom, and as a part of their purchasing process,
they will certify the Silicom cards for use in their DUs. This will
open the door for sales of the Silicom FEC accelerator card to
additional end-users of these manufacturers' servers and DUs, all
of which leverage the ORAN trend supported by the Silicom card.
"We are excited to achieve this important design win, a clear
confirmation of the superiority of our unique expertise in the 5G
Distributed Unit (DU) domain," commented Shaike Orbach, Silicom's CEO. "With all major
mobile players now beginning to scale up their 5G deployments,
demand is rising for innovative performance-enhancing concepts and
technologies. With strengths in so many aspects of these complex
technologies, we are ideally positioned to address the need, and
are proposing a broad range of solutions to both operators and
infrastructure providers."
Mr. Orbach continued, "This design win is a big step forward
that will help us take advantage of the mobile opportunity. While
this win by itself is only for one item within our 5G portfolio,
representing only a small portion of the huge potential our 5G
offering has within the mobile market, it demonstrates the unique
value that we bring in all of our products for this market – value
based on 1) our deep 5G system-level understanding; 2) our high
Performance-to-Cost ratio; 3) our extremely close working
relationship with Intel, which gives us the quickest possible
time-to-market for the most innovative technologies; and, last but
not least, 4) the close and intimate relationships we have built
with most of the key players in the 5G space. With all these
advantages in place, we feel confident that the mobile market in
general, and especially the innovative solutions that we offer for
ORAN and DU deployments, will become significant future growth
drivers for Silicom."
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 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.
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.