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Silver Spring Networks, Inc. Files Registration Statement for Proposed Initial Public Offering

Redwood City, CA, July 7, 2011- Silver Spring Networks, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.  Silver Spring Networks provides a leading networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid.  Morgan Stanley & Co. LLC, Goldman, Sachs & Co., and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering, and Jefferies & Company, Inc., Piper Jaffray & Co., Stifel, Nicolaus & Company, Incorporated,  Robert W. Baird & Co., Canaccord Genuity Inc., Evercore Group L.L.C., and Pacific Crest Securities LLC are acting as co-managers.

When available, a copy of the preliminary prospectus relating to these securities may be obtained from Morgan Stanley & Co. LLC at 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department, by calling 1-866-718-1649, or by emailing prospectus@morganstanley.com, from Goldman, Sachs & Co. at 200 West Street, New York, New York 10004, Attn: Prospectus Department, by calling 1-212-902-1171, or by emailing prospectus-ny@ny.email.gs.com, and from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, by calling +1 (800) 221-1037, or by e-mailing newyork.prospectus@credit-suisse.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Contact:
Tricia Gugler
Vice President, Investor Relations
+1 650-780-4504
tgugler@silverspringnet.com

Media Contact:
Lisa Magnuson
Senior Director, Corporate Communications
+1 650-298-4180
PR@silverspringnet.com