Silicom Secures 1st Coleto Creek Win from World-Leading Networking Customer
– Combined With Another New Win Secured With the Customer, Client’s Orders To
Ramp Up To ~$1.5M Per Year, Triple Their Current Level –
KFAR SAVA, Israel -- July 29, 2014
Silicom Ltd. (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 appliances.
The customer’s decision to use the Coleto Creek card is part of its strategic
decision to move towards an x86 Intel 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 Quad 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 the Company.”
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
Eran Gilad, CFO, Tel: +972-9-764-4555
Investor Relations Contact:
Kenny Green / Ehud Helft, Tel: +1 646 201 9246
GK Investor Relations
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