Silicom (NASDAQ:SILCF)
Historical Stock Chart
From May 2019 to May 2024
Silicom Ltd. (Nasdaq: SILCF) today announced that it has
achieved three new design wins, and received initial orders totaling
about $400,000, for its Multiport Gigabit Ethernet Adapter products
from manufacturers in three additional market segments, demonstrating
the excellent match of its flexible products with a wide range of
connectivity needs:
-- A leading VAS (Value-Added Services) solution provider will
use Silicom's Quad-Port Gigabit Ethernet Adapters to increase
the throughput and connectivity of its server-based SMS
solutions.
-- A manufacturer of advanced storage solutions will use
Silicom's Quad-Port Gigabit Ethernet Adapters to maximize
inter-server throughput.
-- A manufacturer of data acceleration appliances will use
Silicom's Bypass Gigabit Ethernet Adapter to guarantee data
availability in times of appliance failure, to enhance traffic
throughput and to provide multiport connectivity.
"We are excited by the continuously growing momentum of our
multi-port Gigabit Ethernet server adapter business," said Mr. Shaike
Orbach, President and CEO of Silicom. "The strategic importance of our
success in the high-growth Security Appliance sector, one of our first
target markets, is illustrated by last month's Design Win with a Tier
1 security industry player, which has already resulted in $660,000 of
orders, most of which has already been delivered. Now, as demonstrated
by these three new Design Wins, we are expanding our horizons to
additional market segments which also need our high performance
connectivity solutions. We believe that all these markets and more
represent significant long-term potential that we are only beginning
to address."
Silicom Ltd. is an industry-leading provider of high-performance
network connectivity solutions. The Company's flagship products
include a variety of multi-port Gigabit Ethernet server adapters and
innovative BYPASS adapters designed to increase throughput and
availability of security appliances and other mission-critical gateway
applications. Silicom also offers a broad range of customizable PC
Cards, PCI cards and USB products. 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 such statements.