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Stock impact report

$15M Award to Silicom for Major Government Project

Silicom Ltd - Ordinary Shares (SILC) 
US:NASDAQ Investor Relations: silicom-usa.com/investor-presentations
Company Research Source: PR Newswire
KFAR SAVA, Israel, April 08, 2020 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC) today announced that a major systems integrator has placed approximately $15 million in purchase orders for 10G, 40G and 100G Intelligent Bypass Units to be delivered during the next 12 months. It will use the units in a massive infrastructure project for the government of one of the world's top economies. The integrator has indicated that Silicom should expect additional projects of a similar scope for this government over time.   The integrator selected Silicom after a long process begun in mid-2019 that concluded with a thorough evaluation demonstrating the superiority of Silicom's technology and products. "This is a significant win for us on several levels," commented Shaike Orbach, Silicom's CEO. "First of all, its sheer volume will obviously make a significant contribution to our business. In addition, the potentially large volumes projected for this customer demonstrate that our traditional prod Show less Read more
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