Silicom's new cost-performance optimized Edge platform is
the 1st-to-market based on Intel's new CPU
KFAR SAVA, Israel, Nov. 7, 2022
/PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading
provider of networking and data infrastructure solutions, today
announced that it has secured a new Design Win and initial $2+
million order from an existing customer for its innovative new Edge
product: a powerful, cost-effective platform based on Intel's new
CPU. Per the customer request, deliveries of this initial order are
planned to begin during the second quarter of 2023.
As a platform that combines exceptional computing power and
flexibility at a very attractive cost, the Silicom platform is
ideal for supporting the full range of Edge Networking use cases,
from SD-WAN and SASE to Enhanced Internet, dedicated telco routers
and more.
The reference design for the new Intel CPU was developed by
Silicom during the past year, and Silicom is the first-to-market
with a platform based on it.
"This important Design Win and order demonstrate, once again,
the validation of our strategic decision to position Silicom as the
industry's go-to provider of high-performance Edge platforms, which
has now developed into such a strong growth driver for Silicom,"
commented Liron Eizenman, Silicom's
CEO. "Our positioning consists of a number of layers. First, the
privileged relationship that we have built with Intel over many
years continues to give us a lead in identifying market needs,
together with deep insight into the capabilities of their new
technologies. For example, the fact that Intel trusted us - once
again - to develop the reference design for their new CPU meant
that we were the first to bring to market an Edge product with an
optimal combination of features, functionality and cost based on
that CPU."
Mr. Eizenman continued, "Then, realizing that a wide variety of
markets - telcos, service providers, Enterprises and cloud players
- have similar requirements when it comes to designing their
next-generation Universal CPE (uCPE), telco-dedicated routers,
Secure Access Services Edge (SASE) networks and Enhanced Internet
solutions, we moved quickly, initiating discussions about our Edge
platforms with additional potential customers, including existing
clients for other Silicom products and with new logos. All of them
seek ever-higher compute capabilities, efficient and flexible
networking and connectivity options, and optimized heat dissipation
and power consumption, coupled with the best cost/performance ratio
possible, easy installation and minimum maintenance. By packaging
all of these functionalities with rapid customization, onboarding
and ramp-up capabilities, we have succeeded in positioning
ourselves as the industry's Edge platform provider of choice."
Mr. Eizenman concluded, "We therefore believe that we are poised
to benefit strongly as market uptake of the Edge Platform concept
continues to spread and grow. We will benefit from our reputation
as a 'can-do' platform creator with the ability to get the best out
of Intel chips, and from the close and growing relationships we
have built with so many customers and potential customers. We are
pleased to kick-off the sales of this new product family with such
a sizeable first order, and believe that our Edge family offerings
will continue to be a significant growth driver for Silicom."
About Silicom
Silicom Ltd. is an industry-leading provider of high-performance
networking and data infrastructure solutions. Designed primarily to
improve performance and efficiency in Cloud and Data Center
environments, Silicom's solutions increase throughput, decrease
latency and boost the performance of servers and networking
appliances, the infrastructure backbone that enables advanced Cloud
architectures and leading technologies like NFV, SD-WAN and Cyber
Security. Our innovative solutions for high-density networking,
high-speed fabric switching, offloading and acceleration, which
utilize a range of cutting-edge silicon technologies as well as
FPGA-based solutions, are ideal for scaling-up and scaling-out
cloud infrastructures.
Silicom products are used by major Cloud players, service
providers, telcos and OEMs as components of their infrastructure
offerings, including both add-on adapters in the Data Center and
stand-alone virtualized/universal CPE devices at the edge.
Silicom's long-term, trusted relationships with more than 200
customers throughout the world, its more than 400 active Design
Wins and more than 300 product SKUs have made Silicom a "go-to"
connectivity/performance partner of choice for technology leaders
around the globe.
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, Silicom's increasing dependence for substantial revenue
growth on a limited number of customers in the evolving
cloud-based, SD-WAN, NFV and Edge markets, the speed and extent to
which solutions are adopted by these markets, likelihood that
Silicom will rely increasingly on customers which provide solutions
in these evolving markets, resulting in an increasing dependence on
a smaller number of larger customers, difficulty in commercializing
and marketing of Silicom's products and services, maintaining and
protecting brand recognition, protection of intellectual property,
competition, disruptions to our manufacturing and development along
with general disruptions to the entire world economy relating to
the spread of the novel coronavirus (COVID-19) and other factors
detailed in the company's periodic filings with the Securities and
Exchange Commission. These forward-looking statements can generally
be identified as such because the context of the statement will
include words, such as "expects," "should," "believes,"
"anticipates" or words of similar import. Similarly, statements
that describe future plans, objectives or goals are also
forward-looking statements. In light of significant risks and
uncertainties inherent in forward-looking statements, the inclusion
of such statements should not be regarded as a representation by
the company that it will achieve such forward-looking statements.
The company disclaims any duty to update such statements, whether
as a result of new information, future events, or otherwise.
Company
Contact:
Eran Gilad,
CFO
Silicom
Ltd.
Tel:
+972-9-764-4555
E-mail:
erang@silicom.co.il
|
Investor Relations
Contact:
Ehud
Helft
EK Global Investor
Relations
Tel: +1 212 378
8040
E-mail:
silicom@ekgir.com
|
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SOURCE Silicom LTD.