KFAR SAVA, Israel, Jan. 9, 2020 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that one of the U.S.'s
largest healthcare chains has selected Silicom's latest generation
CPEs as a high-performance platform for its new organization-wide
SD-WAN-based network. Silicom's revenues from the first phase of
the project, which will roll out the network to the client's
existing locations through 2020 and the first half of 2021, are
expected to reach approximately $6
million. In following years, smaller deployments are
expected to cover new locations as they are added.
Silicom's unique capabilities were first brought to the
customer's attention by its SD-WAN software vendor, a leading
SD-WAN industry player and a partner of Silicom, which has
qualified Silicom's latest generation CPEs as part of its worldwide
strategy. Before making its final selection, the customer evaluated
the Silicom product in a lengthy side-by-side comparison of its
performance with that of a major competitor, confirming its
superior performance.
"The selection of our CPE for this demanding SD-WAN use-case is
a clear demonstration of the excellence of our technology, the
innovation of our product and the capabilities of our support
team," commented Shaike Orbach,
Silicom's CEO.
"We are very pleased to create a relationship with this
giant customer, which we believe will open the door to additional
opportunities. Equally important, our participation in the project
is strengthening our relationship with our SD-WAN software partner
and the project's integrator, both important network industry
players. We are confident that their enthusiasm regarding the
unique capabilities of our CPEs and their suitability for many
worldwide challenging networking environments will bring us
additional customers while expanding our penetration of this
strategic customer, further boosting 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 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 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.
Logo:
https://mma.prnewswire.com/media/733229/Silicom_Ltd_Logo.jpg
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:http://www.prnewswire.com/news-releases/significant-sd-wan-win-for-silicom-fortune-100-company-choses-silicoms-cpes-for-nationwide-deployment-300984290.html
SOURCE Silicom Ltd.