Silicom Ltd. (NASDAQ:SILC) (TASE:SILC) today announced that one of the world’s three largest server manufacturers has placed a $1.1 million order for Silicom’s Multiport Gigabit Ethernet Server Adapters for use in a specific project. In accordance with the customer’s requirements, the adapters have been customized to fit the specific implementation environment, and are scheduled to be delivered during the next two months.
“We are extremely proud and pleased to have been selected by this Tier-1 manufacturer, and believe that the order’s long-term strategic importance for Silicom extends far beyond its financial contribution,” commented Shaike Orbach, Silicom’s President and CEO. “Before making its choice, the customer carried out comprehensive financial and technological due diligence. We believe the fact that we ‘passed’ on all fronts represents a strong third-party confirmation of our business platform and our capabilities.
“We look forward to demonstrating our differentiated capabilities to this industry giant, both in terms of customer service and technological leadership. As such, we hope the experience will lead to more orders over the long term.”
Silicom Ltd. is an industry-leading provider of high-performance server/appliances networking solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet, copper and fiber-optic, server adapters and innovative BYPASS adapters designed to increase throughput and availability of server-based systems, WAN Optimization and security appliances and other mission-critical gateway applications. 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.
Eran Gilad, CFO
Kenny Green / Ehud Helft
GK Investor Relations
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