Silicom (NASDAQ:SILCF)
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From Jun 2019 to Jun 2024
Silicom Ltd. (NASDAQ:SILCF) today announced that it has
been awarded two mass-production purchase orders of $330,000 each from
a new customer who is a tier-one security industry player. The orders
are for two of Silicom's high-performance Server Connectivity
products, both of which have recently been approved by the customer as
part of a major Design Win. The orders are scheduled to be delivered
during the 2nd quarter of 2005 and are earmarked to supply the
customer's manufacturing needs for May and June 2005. According to the
customer's forecast, Silicom expects to receive additional
mass-production orders from this prestigious manufacturer.
"It is hard to overstate the importance of this Design Win for
Silicom from the standpoint of both revenues and positioning," said
Mr. Shaike Orbach, President and CEO of Silicom. "The fact that
$660,000 worth of equipment was ordered for just two months, together
with the customer's forecast calling for additional sizable volumes,
points to significant total sales potential for this Design Win. From
the standpoint of positioning, the fact that two of the security
industry's top players have now standardized on Silicom Server
Adapters for their security appliances firmly establishes our market
leadership, strengthening our ability to close sales with many of the
100+ companies currently engaged in various stages of evaluation of
our products.
"The addition of this prestigious high-potential customer,
together with the record sales and the return to profitability that we
recently announced for the 1st quarter of 2005, illustrates the rising
momentum of our business."
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.