KFAR SAVA, Israel, Sept. 5, 2017 /PRNewswire/ --Silicom Ltd.
(NASDAQ: SILC) today announced that it has secured a significant
new Cloud Design Win for the supply of off-the-shelf 10G Multi-Port
Server Adapters to be used to upgrade the customer's existing Cloud
platforms. The client for this win is a different group within the
same giant Cloud customer that in March awarded Silicom with its
largest-ever Design Win. This second group selected Silicom's
products independently after its own separate evaluation process.
To date, purchase orders against the new Design Win have totaled
more than $1 million, and the
customer forecasts a run rate of approximately $6 million per year.
Silicom adapters under this win will be purchased by a Tier 1
server manufacturer with whom Silicom has not previously worked,
who will integrate them into its server platforms for this Cloud
customer.
"We are excited to receive our second significant Design Win
awarded to us directly by a major Cloud player, and believe that we
have just scratched the surface of the opportunity being created by
the industry's transition to the Cloud," commented Shaike Orbach, Silicom's President &
CEO.
"This Win for one of our many off-the-shelf server adapters
confirms the leading positioning of our network connectivity
solutions in the Cloud era, as well as the attractiveness of the
value proposition of both our wide product portfolio offering and
custom-designed innovations. We therefore look forward to
addressing more and more of the Cloud's connectivity performance
needs over time."
"Another important aspect of this Design Win is that it
initiates a new relationship between Silicom and an additional
major server manufacturer. As the relationship deepens, it is
likely to lead to significant additional Design Wins related to the
manufacturer's Cloud offering."
Mr. Orbach concluded, "As such, our positioning for the Cloud
opportunity is going from strength to strength. We have secured two
significant Cloud design wins during the last six months, each for
a different data center topology using different Silicom products.
We are working directly with top-tier cloud players and server
manufacturers, and our relationships are deepening. We have built a
healthy pipeline of potential design wins, and they are progressing
nicely. In short, we are more confident and excited than ever about
the power of the Cloud to drive 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 cutting-edge 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.
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, 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
GK Investor Relations
Tel: +1-646-201-9246
E-mail : silicom@gkir.com
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SOURCE Silicom Ltd.