Benzinga | Oct 5, 2020 08:17AM EDT

Silicom Achieves 3 New Telco uCPE Wins; Representing A Combined Revenue Potential Of Approximately $10M Per Year Once Steady-State Delivery Levels Are Reached

KFAR SAVA, Israel, Oct. 5, 2020 /PRNewswire/ -- Silicom Ltd. (NASDAQ:SILC), a leading provider of networking and data infrastructure solutions, today announced that it has achieved three new uCPE device wins with top-tier telcos, representing a combined revenue potential of approximately $10 million per year once steady-state delivery levels are reached.

These wins are the result of ongoing fruitful cooperation between Silicom and a leading SD-WAN software vendor, which began two years ago when both companies identified the huge potential in combining the capabilities of Silicom's latest generation hardware CPEs with the partner's software-based disaggregated routers. At that time, the two companies joined forces to win a major US healthcare chain's tender for a nationwide deployment.

Since then, joint marketing efforts have accelerated, leading to the three current telco wins. In each of these cases, the potential for Silicom extends beyond the deals themselves. This comes from two directions:1) the telcos themselves, each of which represents the potential for additional opportunities; and 2) the system integrator working with Silicom in one of the projects, which may become a basis for additional wins in various areas.

"Our wins with these three leading telcos demonstrate the increased demand that the disaggregation concept is creating for our feature-rich uCPE devices," commented Shaike Orbach, Silicom's CEO. "We look forward to bringing our unique solutions for the SD-WAN space to the growing number of operators and enterprises looking for the right way to implement a decoupled network strategy: an approach that will take their network agility and flexibility to a whole new level while reducing provisioning, upgrade and service delivery costs."