Silicom Ltd. (SILCF)

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Silicom wins contract with Japanese server vendor
The company will supply server adaptors in a contract whose size was not disclosed.

Shiri Habib 1 May 06 18:57

The positive momentum at Silicom Ltd. (Nasdaq:SILC; TASE:SILC) is continuing. The Kfar Saba-based company today announced its first penetration into the Japanese market.
Silicom announced that it had signed a contract, the value of which it did not disclose, with a leading Japanese server manufacturer, whose name was also not disclosed. The contract was signed after 30 months of talks. Silicom will deliver server adaptors to the Japanese company. Silicom said it had already made the first deliveries.

Silicom, a subsidiary of RAD Data Communications Ltd., develops, manufactures and markets connectivity solutions for communications networks. The company has a market cap of $43 million. Its main shareholders are co-founder Yehuda Zisapel, with a 20.9% stake in the company; his brother, Zohar Zisapel, with a 19.2%; and Silicom chairman Avi Eisenman, with 7%.

Silicom president and CEO Shaike Orbach said, “The selection of our product by such a large and prestigious company - especially one that is known for its extreme standards for quality, reliability and performance - takes our credibility to a new level and paves the way towards additional penetration of the strategic Japanese market.”

Published by Globes [online], Israel business news - www.globes.co.il - on May 1, 2006

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