KFAR SAVA, Israel, May 14, 2019 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that a world-leading
provider of hyper-converged software-designed storage systems will
be using Silicom's next-generation connectivity solutions to
enhance the performance of its newest product lines.
To date, the customer has awarded Silicom a Design Win for two
of its advanced networking cards, one of which features an OCP
(Open Compute Project) form factor. According to the customer's
projections, its orders for these cards will ramp gradually to a
level of approximately $1 million per
year.
In parallel, the client continues to consider and evaluate
additional Silicom cards in a variety of connectivity speeds and
form factors for potential future Design Wins. Based on the
customer's guidance, its total need for Silicom NICs could rise to
approximately $4 million per
year.
"The fact that this storage solution innovator has turned to
Silicom for performance-boosting connectivity components
demonstrates the superiority of our technology and our
'full-package' support capabilities," commented Shaike Orbach, Silicom's President & CEO.
"With Data Center workloads growing to unimaginable levels, clients
recognize the need for the flexibility and dependability of our
workhorse connectivity solutions – now more than ever.
"This win also demonstrates the importance of our investment in
OCP-compliant products. As a standard that has already gained
traction in high-density, connectivity-rich Cloud infrastructures,
we are seeing increased interest in our OCP offerings from a broad
variety of players. We expect the interest to translate into
additional Design Wins."
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
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/silicom-secures-initial-design-win-from-sw-defined-storage-leader-for-ocp--conventional-nics-300849851.html
SOURCE Silicom Ltd