KFAR SAVA, Israel, April 29, 2019 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that an additional
product group within one of its Tier-1 service provider customers
has decided to replace an edge device currently supplied by another
vendor with one of the Silicom uCPE models that it is currently
using. The decision was based on the strength of Silicom's
underlying technology as implemented in the device, coupled with
Silicom's performance as a vendor and the relationship that has
developed between Silicom and the customer.
The client is now moving forward with a process expected to lead
to General Availability (GA) during Q4 2019. Initial production
will begin after the successful conclusion of this process, with
first production orders expected in early 2020. In parallel, the
customer is planning to add new functionality to the device that
will increase the rate of deployment. Once full deployment is
reached, the order run-rate is expected to reach more than
$10 million per year.
"We are extremely pleased that another group within this Tier 1
service provider has chosen to move one of its non-SD-WAN/NFV
services to a Silicom device, replacing its previous solution with
the Silicom concept that has been working so well in one of their
other services," commented Shaike
Orbach, Silicom's President and CEO.
"In massive organizations like this, whose hundreds of
departments and product groups are continuously building and
upgrading networks, the potential for new opportunities is
virtually unlimited. We are ideally positioned to fill their edge
device and other needs, with rock-solid technology, a
rapid-response out-of-the-box development capability, and
enthusiastic 'champions' within the organization. We will continue
working to expand the breadth and depth of the relationship,
leveraging our current success to achieve more big wins in the
future," concluded Mr. Orbach.
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.