Silicom Ltd. (NASDAQ: SILC) has announced that one of its existing customers, a world-leading Cyber Security player, has selected Silicom´s encryption solution over the competitor´s solution that it is currently using, and plans to deploy it in a number of its new platforms, the company said.
To date, the customer has confirmed that it has designed in a Silicom encryption card into two of its new platforms and that it plans to deploy it in additional platforms over the year ahead. Once all of these platforms are launched and complete sales ramp up, Silicom expects related volumes to reach approximately USD 2 million per year.
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 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.