New Design Wins From Major Customer To Boost Silicom’s Revenues By ~$2M/Year
Silicom Ltd. (NASDAQ:SILC)(TASE:SILC) today announced that one of its largest customers, a worldwide leading provider of application acceleration, virtualization and cloud computing solutions, has selected Silicom to supply an additional three products, including two encryption cards and one special networking card. Based on the customer’s forecasts, Silicom expects the volume of purchase orders for these cards to ramp up gradually to approximately $2 million per year, bringing the customer’s purchases from Silicom to a total of approximately $5 million per year.
In parallel, the customer continues to discuss with Silicom additional projects and applications in which Silicom’s standard and specialized products meet the functional requirements of its popular appliances.
“These Design Wins confirm the revenue-driving potential of our existing customer base,” commented Shaike Orbach, Silicom’s President and CEO. “As demonstrated so many times in the past, once our customers begin working with us, they come to appreciate our products, technology and service, and, over time, expand their use of our products to meet the needs of their new appliances. In fact, we are already in talks with this strategic customer regarding the use of additional Silicom products for a number of applications.
“As such, we believe that each of our 70+ OEM customers, many of them market leaders, represents a fertile platform for significant incremental business. To take full advantage of this platform, we continue to focus on the provision of superb customer service and to build out our technology advantage.”## About Silicom Silicom Ltd. is an industry-leading provider of high-performance networking solutions designed to increase the throughput and availability of networking appliances and server-based systems. Silicom’s large and growing base of OEM customers includes most of the market-leading players in the areas of WAN Optimization, Security and other mission-critical gateway applications. Silicom’s products include a variety of multi-port 1/10 Gigabit Ethernet server adapters, innovative internal and external BYPASS solutions and advanced Smart adapters, including SSL encryption solutions and Redirector adapters.
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