KFAR SAVA, Israel, Dec. 3, 2018 /PRNewswire/ -- Silicom Ltd.
(NASDAQ: SILC) today announced that one of the world's largest
service providers is expected to deploy Silicom's modular uCPE
units in its worldwide NFV implementation with SD-WAN integrated as
one of its network functions.
To win this deal, Silicom leveraged its unique capabilities
within the uCPE world, including primarily its modular approach and
secured management features, and customized its uCPE designs to
help the customer achieve its required challenging performance,
data volume and infrastructure-scale-up goals. Silicom has already
delivered customized devices for testing and approval, and is now
moving forward with a process expected to lead to General
Availability (GA) during the first half of 2019.
Based on the customer's projections, Silicom expects win-related
revenues to ramp up gradually, beginning with only a few million
dollars in 2019 and then rising to a run rate of tens of millions
of dollars per year at the height of the program.
"It is hard to overstate the importance of this win for
Silicom," commented Shaike Orbach,
Silicom's CEO. "Beyond the significant 5-year revenue potential of
the deal, the fact that a customer of this size – a company with
almost unlimited internal development resources – has come to us,
is the strongest possible confirmation of our unique creativity and
the superiority of our hardware and software technologies. It also
demonstrates, once again, the rock-solid reliability of our
manufacturing, delivery and support capabilities, all of which are
fundamental prerequisites for a project of this scale."
Mr. Orbach continued, "In addition, beyond the potential of this
particular project and its future derivatives, we believe our
success in penetrating this giant customer will pave the way to
significant new wins in the future, both within this organization
and with other service providers, of all sorts and sizes,
throughout the world."
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 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.
Ehud Helft /
SOURCE Silicom Ltd