KFAR SAVA, Israel, Feb. 24, 2021 /PRNewswire/ -- Silicom
Ltd. (NASDAQ: SILC), a leading provider of networking and data
infrastructure solutions, today announced that it has been awarded
another new design win for its recently-announced vRAN (Virtual
Radio Access Network) FEC Accelerator cards. The customer, a
leading US service provider that is pioneering a standalone 5G
network based on disaggregated OpenRAN architecture, plans to use
Silicom's innovative card in the network's Distributed Units
(DUs).
This is Silicom's second win with leading 5G players for its new
acceleration card, secured in less than two months after its first
win.
"This design win is further confirmation of the power of 5G and
disaggregation to drive our growth," commented Shaike Orbach, Silicom's CEO. "As we hoped, the
Top-5 Telco win we announced in January has excited industry-wide
interest in our 5G-enabling technologies. Enthusiastic feedback has
universally confirmed our approach and the superiority of our
technology, and we are in discussions with multiple players –
including both our initial customers, their DU suppliers and the
'hyper-scalers' they are cooperating with - regarding potential new
projects. With strengths in so many aspects of these complex
technologies, we function in a 'consultant' capacity, proposing
essential, innovative solutions to the challenges faced both by
operators and infrastructure providers."
Mr. Orbach continued, "With 5G-related activities building, we
believe that we are off and running in the direction that will
become one of our most important future growth drivers. We believe
that our innovative, cost-effective products, our deep 5G
system-level understanding, our years-long cooperation with Intel,
and the expanding relationships we are building with key 5G players
position us for long-term success in this high-potential
market."
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 170
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
GK Investor
Relations
Tel: +1 646 201
9246
E-mail:
silicom@gkir.com
|
View original
content:http://www.prnewswire.com/news-releases/silicoms-5g-momentum-builds-leading-us-service-provider-selects-silicoms-du-enabling-accelerator-cards-for-its-5g-infrastructure-301234582.html
SOURCE Silicom Ltd.