SUNNYVALE, CA. and YOKNEAM, ISRAEL – February 25, 2010 – Mellanox® Technologies, Ltd. (NASDAQ: MLNX; TASE: MLNX), a leading supplier of high-performance, end-to-end connectivity solutions for data center servers and storage systems, announced the opening of its third research and development center in Gan Hataasiya (industrial gardens) Tel-Chai, Israel. The new center joins Mellanox's headquarters in Yokneam and its offices in Ramat Hachayal. The Tel-Chai center will work in cooperation with the Tel-Chai Academic College and offer work to students and graduates in the fields of computer science and electricity.
The president of Israel, Mr. Shimon Peres, will honor Mellanox by attending the opening event along with Mr. Stef Vertheimer, ISCAR founder and Chairman; Arie Dahan, CEO of Gan Hataasia; Ahron Valensy, head of regional council, Galil Elyon; Nissim Malka, mayor, Kiryat Shmona; Professor Yona Chen, president of Tel-Chai academy; Yossi Malka, CEO, Tel-Chai academy; Shai Cohen, VP of Operations and Engineering, Mellanox; Michael Kagan, CTO and VP of Architecture, Mellanox; and, Roni Ashuri, VP of Engineering, Mellanox.
Mellanox has already hired 15 employees for the new R&D center and expects to hire about 30 additional employees from the Tel-Chai Academic College. As part of its support for educational excellence, Mellanox's employees will give professional lectures to students at the college.
“As an Israeli firm that supports educational excellence, we decided to open our third division in the Galilee in order to support education in Israel. We highly value the need to open hi-tech centers far from the Tel Aviv metropolis. The cooperation, and the close geographic distance to the Tel-Chai Academic College, will allow us to find a professional workforce suitable for our needs. Many of Mellanox's employees started their way in the firm as students and now hold senior positions,” said Eyal Waldman chairman, president and CEO of Mellanox Technologies.
Arie Dahan, general manager of Ganey Hataasia, Tel-Chai, congratulated Mr. Waldman’s decision to open the Northern R&D center in Tel-Chai instead of overseas and said, “I see this as a Zionist project which strengthens the industry in the Galilee.” Dahan added, “The establishment of the R&D center in Tel-Chai is part of Stef Vertheimer’s vision to create a strong synergy of academy and industry in Northern Israel.”
“We are pleased with the opening of the Northern division of Mellanox,” said Dr. Danny Kotler, head of the computer science faculty at Tel-Chai Academic College. “I believe that Mellanox will prosper as a result of the cooperation with the computer science faculty and its excellent students.”
The event will take place on Thursday, February 25th, 2010 at 15:15 in Gan Hataasia Tel-Chai.
Mellanox Technologies is a leading supplier of end-to-end connectivity solutions for servers and storage that optimize data center performance. Mellanox products deliver market-leading bandwidth, performance, scalability, power conservation and cost-effectiveness while converging multiple legacy network technologies into one future-proof solution. For the best in performance and scalability, Mellanox is the choice for Fortune 500 data centers and the world’s most powerful supercomputers. Founded in 1999, Mellanox Technologies is headquartered in Sunnyvale, California and Yokneam, Israel. For more information, visit Mellanox at www.mellanox.com.
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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 Mellanox’s ability to prosper as a result of any cooperation with the computer science faculty at Tel-Chai Academic College, 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 effectively 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, declining overall demand for our products, and negative financial news. 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 November 4, 2009, and in our Form 10-K filed with the SEC on March 12, 2009, 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.