The dual listing follows a strong third quarter for Silicom in which the Company posted its seventh consecutive quarter of revenue growth and its third straight profitable quarter. Since the end of the third quarter, the Company has announced two major new Design Wins and a strategic new order from an existing Tier-1 Security Industry customer.
"We are taking this move in light of increased interest in Silicom expressed by Israeli investors," said Shaike Orbach, President and CEO of Silicom. "As demonstrated over the past four years by many of the other Israeli companies that have dual-listed on the TASE, we are hopeful that this move will expand and diversify our investor base and raise the daily trading volume and the liquidity of our share."
Since October 2000, dual listing on the TASE has been allowed for companies whose shares are listed on certain exchanges outside of Israel. Additional information about the TASE exchange can be found at www.tase.co.il.
Silicom Ltd. is an industry-leading provider of high-performance network connectivity solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet server adapters and innovative BYPASS adapters designed to increase throughput and availability of security appliances and other mission-critical gateway applications. Silicom also offers a broad range of customizable PC Cards, PCI cards and USB products. For more information, please visit: 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 Company disclaims any duty to update such statements.