Silicom does it again.... NEWS:
SILICOM and a Global Provider of ADSL Modems Embark on Joint Development Project
Tue Feb 22 10:03:00 EST 2000
KFAR SAVA, Israel, Feb 22, 2000 (BUSINESS WIRE) -- -- The Partner, A Supplier
to Major Telecom Carriers, To
Incorporate Silicom's USB Interface--
SILICOM LTD. (NASDAQ: SILCF) announced today that it has signed an agreement
with a global manufacturer of DSL systems and access products to develop and
supply a USB interface for next generation ADSL modems.
ADSL is emerging as a popular and cost-effective solution for high speed digital
transmission over existing copper telephone wires. Silicom's joint development
partner, one of the world's major suppliers of DSL systems to RBOCs and telecom
carriers around the world, expects to sell millions of ADSL modems over the next
several years.
To succeed in penetrating the mass market, ADSL service providers understand
that they must simplify the "last ten feet" -- the connection between the
broadband modem and the PC. To meet this requirement, the industry is beginning
to recognize the convenience of the PC's external USB port, which enables true
Plug-and-Play connections. The choice of Silicom by this major industry player
demonstrates that Silicom's USB enabling technology is one of the most advanced
and cost-effective in the industry.
Commenting on the news, Avi Eizenman, President and CEO of Silicom Ltd., said,
"We are proud that this large and prestigious supplier of ADSL modems has chosen
our USB technology as the best in the industry. We have set a rapid development
schedule which we believe will speed the time to market of their new-generation
modems. "This agreement is an important step in our strategy to become the
time-to-market and quality partner of choice for broadband Internet access and
home networking manufacturers, integrators, and installers. ADSL has shown early
signs of success, and has the potential to be adopted by many millions of users.
External USB ports are now commonplace in consumer PCs, and it is natural to
leverage them for convenient and high performance ADSL connections.
"In the last few weeks, we have announced similar cooperations with other
broadband and home networking players. The entire market segment has been
gaining momentum, as evidenced by Microsoft's recent investment in Itran
Communications Ltd., with whom we are developing a USB to Powerline adapter.
Taken together, we believe these activities validate the excellence of our
advanced USB technology, and we feel well positioned to benefit as broadband
services begin to penetrate the mass market."
About Silicom
Silicom Ltd. is an industry leading provider of communications connectivity
solutions and advanced enabling technologies, making it the preferred
time-to-market and performance partner to manufacturers of broadband Internet
access, home networking, and other hardware manufacturers. With core expertise
in high performance, innovative technologies for the USB interface, networking,
and operating systems, the Company provides innovative solutions on an
intellectual property licensing, joint development, or OEM basis to many of the
industry's largest players. It also offers an extensive range of PC Card and USB
products with support for Home Networking, Fast Ethernet, Token Ring, Modems,
and serial ports. For more information about Silicom, please visit our web site:
www.silicom.co.il.
Statements in this press release which are not historical data are
forward-looking statements which involve known and unknown risks, uncertainties,
or other factors not under the Company's control, which may cause actual
results, performance, or achievements of the Company to be materially different
from the results, performance, or other expectations implied by these
forward-looking statements. These factors include, but are not limited to, those
detailed in the Company's periodic filings with the Securities and Exchange
Commission. The names of actual companies and products mentioned herein may be
the trademarks of their respective owners.
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Copyright (C) 2000 Business Wire. All rights reserved.
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