Silicom Awarded New Design Win for Smart Cards from Existing Tier-1 Cyber Security Customer
Silicom Ltd. (NASDAQ: SILC) today announced that it has received a significant new Design Win from an existing customer, a Tier-1 Cyber Security company, for three versions of Silicom Smart Cards to be deployed in a number of its advanced appliances. Silicom believes that sales generated from this Design Win will ramp up gradually to several million dollars per year.
The framework of the Design Win includes both a development phase and a mass production phase. To date, the customer has submitted initial quantity orders for all three Smart Cards, each featuring an on-board network processor that enables higher application performance by off-loading host CPU tasks.
"We are very pleased that this large customer has turned to us again as its source for critical appliance performance boosters, demonstrating that our Smart Card concepts, like the Server Adapters that we sell to this customer, are right on track – both for its own needs and for those of the Cyber security market as a whole," commented Shaike Orbach, Silicom's President & CEO.
"Our experience shows that each of the OEM customers in our roster – a growing list which now numbers over a hundred companies - represents a virtually unlimited potential for additional Design Wins – especially when they are big organizations, like this cyber leader. As such, we never lose sight of the importance of our focus on total customer service from development through production and support, which is every bit as important as the technological superiority of our products."
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.