– Revenues from design win projected to total $15m; purchase orders totaling $6M already received –
Silicom Ltd. a leading provider of networking and data infrastructure solutions, announced that it has secured a major design win from an existing client, a US communication service provider, for customized high-runner edge networking products to be deployed in a network-wide infrastructure upgrade project that it is carrying out for one of its customers.
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To date, Silicom has delivered approximately $3 million in equipment for the project’s first phase, and, in recognition of its excellent performance, has recently received second-phase purchase orders totaling $3 million to be delivered during 2022. The customer forecasts that the total value of the design win will be approximately $15 million.
“We are delighted that this rapidly-growing communications service provider has turned to Silicom once again for the high-performance networking products it needs to enable its clients’ next-generation infrastructure,” commented Shaike Orbach, Silicom’s CEO. “This is a clear confirmation of the superiority of our technology, and demonstrates, once again, the importance of our close, ongoing customer relationships.”
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Mr. Orbach continued, “In general, our Edge momentum continues to build, as the explosion of cloud-based services and IoT drive demand for advanced, high-capacity edge processing capabilities. The proven ability of our products to increase network throughput and decrease latency are recognized as critical, differentiating advantages – both by the end-users who operate the networks and by the service providers who build them. As a result, our unique portfolio of Edge products and technologies continues to be a significant growth driver and a major contributor to the demand side of our business.”
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