Silicom Announces Strategic New SD-WAN Award: Leading Cloud Networking Solutions Provider to Use Silicom's vCPE Appliance for its Edge Solutions

KFAR SAVA, Israel, Nov. 20, 2017 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC) today announced that a leading provider of Cloud-based networking solutions has selected Silicom's vCPE edge devices as its hardware platform for a customized Cloud-based SD-WAN networking solution.

According to the customer, once development and testing phases have been completed, its volumes will ramp to more than $4 million per year, and after several years of deployment, they are likely to increase further to more than $10 million per year.

"We are excited that this SD-WAN and Cloud-based SDN leader has chosen our innovative edge device as the basis for its most advanced offering yet, demonstrating clearly the superiority of our concept for the SD-WAN market," commented Shaike Orbach, Silicom's President & CEO. "In designing our vCPE platforms, our goal was to create a 'virtualization-ready' device with maximum flexibility in an x86-based environment, making it ideal for branch offices requiring a variety of applications, including, of course, SD-WAN. Our selection by this central player confirms that our concept was correct - and that our execution has been flawless."

Mr. Orbach continued, "Our vCPE's unique features have already begun opening the door to additional exciting opportunities, including with telcos and service providers for whom we could become key White-label solution providers. We are currently engaged in several discussions on this level and working to turn them into major awards. With the right product at the right time, we believe we are positioned ideally to benefit from the accelerating momentum of the SD-WAN 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 150 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

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SOURCE Silicom Ltd.