Press Releases - 2008
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Mon, Nov 3, 2008
Mellanox Technologies Ranked Number 23 in the 2008 Deloitte Israel Technology Fast 50
SANTA CLARA, CA. and YOKNEAM, ISRAEL – November 3, 2008 - Mellanox® Technologies, Ltd. (NASDAQ: MLNX; TASE: MLNX), a leading supplier of semiconductor-based server and storage interconnect products, has been named to 2008 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel. Rankings are based on the percentage revenue growth over five years from fiscal years 2003–2007. Mellanox’s increase in revenues of 728 percent from fiscal years 2003 to 2007 resulted in a 23 ranking in the 2008 Deloitte Israel Technology Fast 50.
“Our growth represents the increase in the number of mainstream enterprise business applications taking advantage of our InfiniBand and Ethernet interconnect performance, efficiency and low-power benefits,” said Eyal Waldman, chairman, president and CEO of Mellanox Technologies. “Moving forward, we plan to enhance our leadership position and further capitalize on the recent market growth of HPC and Enterprise server and storage markets.”
“Achieving sustained revenue growth of 728 percent over five years is a tremendous accomplishment for a technology company operating in a competitive world,” said Asher Mechlovich, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. “Mellanox deserves a lot of credit for its remarkable growth, and we commend them for it.”
Additional information on the Deloitte Israel Technology Fast 50 program is available at www.fast50.co.il.
Mellanox Technologies is a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the world’s most powerful supercomputers, and mission critical embedded applications.
Founded in 1999, Mellanox Technologies is headquartered in Santa Clara, California and Yokneam, Israel. For more information, visit Mellanox at www.mellanox.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs and certain assumptions made by us, all of which are subject to change.
Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include the continued increase in the number of mainstream enterprise and business applications taking advantage of our InfiniBand and Ethernet interconnect products, the continuing growth of enterprise server and storage clustering market segments, the continued growth in demand for HPC products, the continued, increased demand for industry standards-based technology, our ability to react to trends and challenges in our business and the markets in which we operate; our ability to anticipate market needs or develop new or enhanced products to meet those needs; the adoption rate of our products; our ability to establish and maintain successful relationships with our OEM partners; our ability to compete in our industry; fluctuations in demand, sales cycles and prices for our products and services and our ability to protect our intellectual property rights.
In addition, current uncertainty in the global economic environment poses a risk to the overall economy as businesses may defer purchases in response to tighter credit conditions and negative financial news, which could adversely affect demand for our products. Consequently, our results could differ materially from our prior results due to these general economic and market conditions, political events and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission.
More information about the risks, uncertainties and assumptions that may impact our business is set forth in our Form 10-Q filed with the SEC on August 5, 2008 and our Form 10-K filed with the SEC on March 24, 2008, including “Risk Factors”. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
Mellanox, ConnectX, InfiniBlast, InfiniBridge, InfiniHost, InfiniRISC, InfiniScale, and InfiniPCI are registered trademarks of Mellanox Technologies, Ltd. Virtual Protocol Interconnect is a trademark of Mellanox Technologies, Ltd. All other trademarks are property of their respective owners.
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