|[July 29, 2014]
Silicom Secures 1st Coleto Creek Win from World-Leading Networking Customer
KFAR SAVA, Israel --(Business Wire)--
Silicom Ltd. (News - Alert) (NASDAQ:SILC) (TASE:SILC) today announced that it
has achieved its first design win for the recently-released Silicom
Coleto Creek encryption and compression card. The design win is from one
of Silicom's existing customers, a market-leading provider of smart
network solutions, who will use Silicom's Coleto Creek and Silicom
Quad-Port 10G Networking cards in one of its next-generation network
The customer's decision to use the Coleto Creek card is part of its
strategic decision to move towards an x86 Intel (News - Alert) Architecture.
Sales related to these design wins are expected to triple the revenues
from this customer to approximately $1.5 million per year. In parallel,
discussions continue with another of the customer's teams regarding the
use of a higher-end Coleto Creek card in an additional appliance.
"We are very pleased to have achieved our first design win for our
Coleto Creek card, a product line borne from our strategic 'bet' on
Intel's architecture," commented Mr. Shaike Orbach, Silicom's President
and CEO. "The win demonstrates the power of our strategy of building
solutions that enhance Intel's basic technology, enabling us to benefit
from customers that select Intel over competing architectures.
"In addition, both the Coleto Creek win and the Qua Port 10G win
demonstrate the continued success of the business model that has driven
our growth in the past: loyal customers that turn to us again and again
to solve critical performance problems in cutting-edge new products, and
that recommend us to other groups. As a result, we enjoy growing sales
over time from many of our existing customers - and we now have over 100
of them, including many industry leaders. As such, we feel confident and
optimistic about our long-term prospects, and continue working to build
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 throughput 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 Application Delivery, WAN
Optimization, Security and other mission-critical segments within the
fast-growing virtualization, cloud computing and big data markets.
Silicom's product portfolio includes multi-port 1/10 Gigabit Ethernet
server adapters, Intelligent Bypass solutions, Encryption accelerators
and a variety of 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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