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Silicom: Design Win With Fast-Growing EUROPEAN CYBER SECURITY LEADER

The following excerpt is from the company's SEC filing.

- Potential: ~$1M/Year For Current Design Win – Discussions Point Toward Possible Sale of

Additional Silicom Standard & Intelligent Solutions -

today announced that it has received a first Design Win from an important new customer, a fast-growing leader of the Cyber Security market.

To date, the customer has already placed initial orders for Silicom’s 1G and 10G multi-port adapters to improve the performance of its Cyber Security appliances, and production has begun. Sales from this first Design Win are expected to reach $1 million per year, and discussion continues regarding the customer’s use of a variety of additional Silicom cards and intelligent solutions.

“This Win is an important achievement that expands our penetration of the strategically-critical Cyber Security markets while boosting our current business and prospects,” commented Shaike Orbach, Silicom’s President & CEO. “This customer is recognized as a visionary leader of its field, and its selection of our adapters confirms the superiority of our technology and sector expertise. As such, we believe this deal will make it easier to penetrate additional Cyber Security applications, both with our current customer base and with new clients.

“While the current Design Win...