Silicom Ltd. (NASDAQ:SILC) (TASE:SILC) today announced that it
has received a significant new Design Win from an existing customer, a
Tier-1 Cyber Security company, for three versions of Silicom Smart Cards
to be deployed in a number of its advanced appliances. Silicom believes
that sales generated from this Design Win will ramp up gradually to
several million dollars per year.
The framework of the Design Win includes both a development phase and a
mass production phase. To date, the customer has submitted initial
quantity orders for all three Smart Cards, each featuring an on-board
network processor that enables higher application performance by
off-loading host CPU tasks.
“We are very pleased that this large customer has turned to us again as
its source for critical appliance performance boosters, demonstrating
that our Smart Card concepts, like the Server Adapters that we sell to
this customer, are right on track – both for its own needs and for those
of the Cyber security market as a whole,” commented Shaike Orbach,
Silicom’s President & CEO.
“Our experience shows that each of the OEM customers in our roster – a
growing list which now numbers over a hundred companies - represents a
virtually unlimited potential for additional Design Wins – especially
when they are big organizations, like this cyber leader. As such, we
never lose sight of the importance of our focus on total customer
service from development through production and support, which is every
bit as important as the technological superiority of our products.”
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About Silicom
Silicom Ltd. is an industry-leading provider of high-performance
networking and data infrastructure solutions. Designed primarily to
increase data center efficiency, Silicom’s solutions dramatically
improve the performance and availability of networking appliances and
other server-based systems.
Silicom’s products are used by a large and growing base of OEM
customers, many of whom are market leaders, as performance-boosting
solutions for their offerings in the Cyber Security, Network Monitoring
and Analytics, Traffic Management, Application Delivery, WAN
Optimization, High Frequency Trading and other mission-critical segments
within the fast-growing data center, enterprise networking,
virtualization, cloud computing and big data markets. Silicom’s product
portfolio includes multi-port 1/10/40/100 Gigabit Ethernet server
adapters, Intelligent Bypass solutions, Encryption accelerators, Ultra
Low Latency solutions, Time Stamping and other innovative Smart
adapters. These products are available for incorporation directly into
our OEM customers' systems, or provided as part of Silicom’s patented
SETAC (Server To Appliance Converter), a unique approach to the
provision of high quality standard platforms with modular front
connectivity.
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, those detailed in the Company's
periodic filings with the Securities and Exchange Commission. The
Company disclaims any duty to update such statements.
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