KFAR SAVA, Israel, April 08, 2020 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC) today announced that a major systems
integrator has placed approximately $15
million in purchase orders for 10G, 40G and 100G Intelligent
Bypass Units to be delivered during the next 12 months. It will use
the units in a massive infrastructure project for the government of
one of the world's top economies. The integrator has indicated that
Silicom should expect additional projects of a similar scope for
this government over time.
The integrator selected Silicom after a long process begun in
mid-2019 that concluded with a thorough evaluation demonstrating
the superiority of Silicom's technology and products.
"This is a significant win for us on several levels," commented
Shaike Orbach, Silicom's CEO. "First
of all, its sheer volume will obviously make a significant
contribution to our business. In addition, the potentially large
volumes projected for this customer demonstrate that our
traditional products continue to offer a very good base for our
future growth.
"Equally important is the fact that this major integrator – a
significant player in this massive government's infrastructure
market – is now standardizing on our technology and products. This
increases the likelihood that we will become its de-facto standard
as they continue rolling out their next-generation networks and
data centers, both for this product and for our Edge and FPGA
products. As such, this new relationship offers us significant
strategic potential."
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, disruptions to our manufacturing and development along
with general disruptions to the entire world economy relating to
the spread of the novel coronavirus (COVID-19) 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.
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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.