SUNNYVALE, CA. and YOKNEAM, ISRAEL - July 25, 2016 – Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, announced today it has been honored with the Award for Technology Innovation from global web 2.0 service leader Baidu, Inc. The award recognizes Mellanox's achievements in designing and delivering a high-performance, low latency interconnect technology solution that positively impacts Baidu's business. Mellanox Technologies received the award at the 2016 Baidu Datacenter Partner Conference, Baidu's annual gathering of key datacenter partners, and was the only interconnect provider in this category.
"We are honored to receive this award from Baidu for delivering the most innovative and smart interconnect solution," said Amir Prescher, senior vice president, business development, at Mellanox Technologies. "We have a strong commitment to the China market and believe partnering with Baidu will drive innovation from within both companies, and enable Mellanox Technologies to focus on developing high-speed interconnect solutions to assist Baidu and other web 2.0 and cloud companies to maximize their data center return on investment."
Gartner reports state that beginning in 2009, the cloud market in China has been growing more than 60 percent year over year. The estimate for 2016 should exceed $50 Billion. In order to address this explosive market, Mellanox Technologies set up local offices in China as the markets were expanding and quickly added an R&D center in Beijing. The R&D center focuses on developing customized solutions for local customers including software optimization, switch and NIC features to accelerate performance and better address specific customer environments.
Baidu, Inc., is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best and most equitable way for people to find what they're looking for. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to innovation resulting from Mellanox partnering with Baidu. 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 "projects," "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. More information about the risks, uncertainties and assumptions that may impact our business is set forth in our annual report on Form 10-K filed with the Securities and Exchange Commission (SEC) on February 26, 2016 and our quarterly report on Form 10-Q filed with the SEC on April 29, 2016. Other risks, uncertainties and assumptions that could cause our actual results to differ materially from those projected may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Mellanox Technologies (NASDAQ: MLNX) is a leading supplier of end-to-end Ethernet and InfiniBand intelligent interconnect solutions and services for servers, storage, and hyperconverged infrastructure. Mellanox intelligent interconnect solutions increase data center efficiency by providing the highest throughput and lowest latency, delivering data faster to applications and unlocking system performance. Mellanox offers a choice of high performance solutions: network and multicore processors, network adapters, switches, cables, software and silicon, that accelerate application runtime and maximize business results for a wide range of markets including high performance computing, enterprise data centers, Web 2.0, cloud, storage, network security, telecom and financial services.
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