- Customer forecasts full ramp-up to reach
$2M/year –
KFAR SAVA, Israel, Jan. 13,
2025 /PRNewswire/ -- Silicom Ltd. (NASDAQ:
SILC), a leading provider of networking and data
infrastructure solutions, today announced that an existing
customer, a major US-based cyber security company, has expanded its
business with Silicom, awarding the Company a design win for an
advanced Edge system. Initial orders have been received, and
quantities are expected to ramp up during the second half of 2025
to reach a full run-rate of approximately $2
million per year.
The selected product is a customized version of a wireless
connectivity-enabled Silicom Edge system incorporating a Silicom
Network Interface Card. The customer will offer this system as the
next generation of one of its leading product lines.
This win expands the relationship that Silicom has been building
with the client for several years, ramping up the range of products
sold from network interface cards to complex Edge devices. In
parallel, discussions continue about additional Silicom products
that the customer is considering for other product lines.
"The fact that a company that began buying network adapters now
relies on us for its next-generation Edge and appliance needs
demonstrates the strength of our product line and the importance of
the relationships we have built over the years with our loyal
customer base," commented Liron
Eizenman, Silicom's CEO. "Our ability to carry out required
customization quickly and to provide both the Edge system and the
network interface card that are incorporated within the system,
together with our deep wireless know-how, were also key factors in
securing the win. We believe they will lead to additional business
with this customer."
"Long-term, trusting relationships such as these are helping us
to expand our base of recurring revenues. We expect demand to
continue to build for our Edge systems, Smart Network Interface
cards and innovative products that integrate the two, becoming a
key driver of our future growth."
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 200
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, the speed and extent to
which Silicom's solutions are adopted by the relevant markets,
difficulty in commercializing and marketing of Silicom's products
and services, maintaining and protecting brand recognition,
protection of intellectual property, competition, disruptions to
its manufacturing, sales & marketing, development and customer
support activities, the impact of the wars in Gaza and in the Ukraine, attacks on shipping by Huthis in the
Red Sea, rising inflation, rising interest rates and volatile
exchange rates, as well as any continuing or new effects resulting
from the COVID-19 pandemic, and the global economic uncertainty,
which may impact customer demand by encouraging them to exercise
greater caution and selectivity with their short-term IT investment
plans. The factors noted above are not exhaustive.
Further information about the company's businesses, including
information about factors that could materially affect Silicom's
results of operations and financial condition, are discussed in our
Annual Report on Form 20-F and other documents filed by the Company
and that may be subsequently filed by the company from time to time
with the SEC. These forward-looking statements can generally be
identified as such because the context of the statement will
include words such as "expect," "should," "believe," "anticipate"
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
EK Global Investor Relations
Tel: +1 212 378 8040
E-mail: silicom@ekgir.com
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SOURCE Silicom Ltd.