KFAR SAVA, Israel, July 8, 2019 /PRNewswire/ -- Silicom Ltd.
(NASDAQ: SILC) today announced that one of the world's largest
process equipment technology companies has selected Silicom to
provide a customized version of its next-generation 400G FPGA
Smart-NIC.
The customer first contacted Silicom after the Company's release
several months ago of a unique high-performance FPGA hardware
platform. The new product attracted industry attention for its
robust performance at ultra-high network speeds, together with its
flexibility and ease of customization. The customer asked Silicom
to create an adjusted version of the product that will match its
proprietary specifications, and placed initial purchase orders.
According to the customer's projections, its orders for the FPGA
card will increase gradually over time to up to approximately
$1.5 million per year.
"No matter how you look at it, this is an important Win for
Silicom," commented Shaike Orbach,
Silicom's President & CEO. "First of all, we are excited that
this technology giant – one of the world's leading process
equipment companies with limitless resources – has turned to
Silicom for our unique FPGA expertise, confirming the strength of
our solution and our correct 'read' of industry needs. Second, the
fact that this customer comes from outside the networking space
demonstrates that the market for our FPGA solution is much broader
than originally expected, and, together with our rapid
customization capabilities, positions us to expand out into a
variety of attractive high growth market segments. In fact, we are
already working towards Design Wins with a number of leading
companies outside of the networking space."
"Just as important, our success with a customer of this size
opens the door to many more opportunities, both within their own
organization and with its partners and peers. This is a model that
has helped us grow our business in the past, and we are confident
that the pattern will repeat itself."
Mr. Orbach concluded, "For all of these reasons, this Design Win
makes us exceedingly optimistic about the potential of our FPGA
technology to become a significant growth driver for our
business."
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.
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.