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Freestyle Technology and Silver Spring Networks Sign Agreement to Provide Next Generation Smart Grid Products

Redwood City, CA, February 11, 2010 - Freestyle Technology and Silver Spring Networks announced today that they have executed an agreement to integrate Freestyle Technology’s open application and distributed microprocessor platform with Silver Spring Networks’ Smart Energy Platform. This agreement will lead to the development of next-generation products to provide a new range of Smart Grid features and services for all utilities and consumers.

Freestyle Technology's open application and distributed microprocessor platform links communications, metering and other sensory systems across transmission, distribution, retail and consumer networks. Silver Spring’s secure, IP-based Smart Energy Platform enables improved connectivity between stakeholders and provides the potential for better distributed monitoring and management including Home Area Networks.

"Integration of the Freestyle platform into Silver Spring's open and scalable IP infrastructure provides the ability to connect rapidly with a range of devices from multiple vendors, as well as legacy devices, and push monitoring and control capability down to the end device." said Andrew Donaghey, Chief Executive Officer at Freestyle Technology. "Our partnership extends both companies' capability to meet client needs and gives us the ability to rapidly deliver Freestyle solutions to the international market."

"We are delighted to be working with Freestyle Technology, further proof that our platform is flexible and interoperable," said Raj Vaswani, Chief Technology Officer at Silver Spring Networks. "This agreement will allow us to develop cutting-edge Smart Grid applications that provide control and monitoring to new devices on the grid."

About Freestyle Technology

Freestyle Technology Pty. Ltd. is an Australian company based in Melbourne, Victoria, which has developed an advanced application environment, which when used in the Electricity sector provides unprecedented levels of information and interactivity to utilities and their customers. The platform is operational in Australia, the United States and China. It can be utilized with any communications and metering solution thus providing a range of new facilities and capabilities across networks. For more information about Freestyle Technology please visit the corporate website at www.freestyletechnology.com.au.

About Silver Spring Networks

Silver Spring Networks is a leading smart grid networking platform technology and solutions provider. We have connected over 10 million homes and businesses throughout the world with the goal of achieving greater energy efficiency for the planet. Our innovative products enable utilities to gain efficiencies,integrate renewable energy sources and empower customers to monitor and manage energy consumption. Silver Spring Networks’ utility clients include Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric and Pepco Holdings, Inc. among others.  For more information please visit www.silverspringnet.com.

Media Contact:
Freestyle Technology
Richard Strickland
pr@freestyletechnology.com.au

Silver Spring Networks
Lisa Magnuson
pr@silverspringnet.com