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TheStreet Open House

Silicom’s SETAC Business Moves To A New Level With Major Design Win

Stocks in this article: SILC

Silicom Ltd. (NASDAQ:SILC) (TASE:SILC) today announced that the security division of one of the world’s largest server manufacturers has awarded Silicom a major new Design Win for its SETAC-derivative 1Gbps and 10Gbps Fiber Bypass modules. This is Silicom’s first win with this Tier-1 conglomerate, which has already placed initial orders as a part of the award.

The Design Win followed a long evaluation conducted jointly by the customer and its appliance vendor. Silicom will actually deliver the Fiber Bypass modules to the appliance vendor, who will integrate them into the appliances.

In parallel, two Internet Security solution providers and one mobile broadband network optimization and acceleration provider have chosen the full SETAC-based solution to use as the platform for their appliances. This demonstrates the versatility of the SETAC solution, as well as its relevance for all segments of the networking market.

These Design Wins will further accelerate the momentum that has been building for Silicom’s SETAC product family, further boosting its importance as a significant driver for Silicom’s sales and profits.

Commenting on the news, Mr. Shaike Orbach, Silicom’s President and CEO, said, “The rate at which our SETAC business is now growing confirms that SETAC is a concept whose time has come. The market today is wide open for innovative appliances that speed up and secure data access, and our SETAC is becoming recognized as a key enabler of the best, most reliable and most flexible of these appliances. Every time we secure a major new customer, such as the Security Division of this Tier-1 giant, our reputation spreads, and we find doors opening to additional strategic customers across the industry.”

Mr. Orbach continued, “In the SETAC business, as with our other product lines, each Design Win leads to a flow of orders over years, often paving the way for new orders for both SETAC and other Silicom products, whether from the same division or different divisions within the same company. Therefore these Design Wins make us more confident than ever regarding the SETAC’s potential to drive our sales, and about the prospects for our overall sales and profits for both the short-term and the long-term.”

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