Silicom Ltd. (NASDAQ and TASE: SILC) today announced that it has secured a major Design Win for its 10Gbps multi-port network adapters from a new customer, one of the ‘big data’ storage industry’s strongest emerging players. Significant purchase orders received to date, together with guidance provided by the customer, lead the Company to project that sales related to this Design Win will total approximately $1 million per year.
“The storage industry is growing at a phenomenal rate in response to the mind-boggling growth of data traffic,” commented Shaike Orbach, Silicom’s President and CEO. “The popularity of always-connected applications like Facebook, Google and Twitter together with the proliferation of smart phones, dramatically increases the rate at which data is generated. That, together with the increasing adoption of Cloud and virtualization technologies in the Big Data era, have created a crying need for higher-capacity, higher-performance storage networking solutions. This has incentivized exciting innovation across the data storage industry – and an ever-stronger need for Silicom’s top-performance connectivity solutions.
“As we have seen so many times in the past, the ‘package’ that we offer, including state-of-the-art technology, expedited design capabilities, robust performance and uncompromising support, makes us an ideal partner for fast-moving innovators such as this new customer. We believe our record positions us to capitalize on the ‘big data’ wave, and that it will continue bringing us new customers in the storage and related fields.”
About SilicomSilicom 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV