San Diego, CA – January 31, 2017 – Today at DistribuTECH, the utility industry’s leading smart energy conference and exhibition, Silver Spring Networks, Inc. (NYSE: SSNI) announced that it has been selected by Oklahoma Gas & Electric (OG&E) to deploy its IPv6 IoT platform and Streetlight.Vision control software to connect and manage up to 250,000 LED street lights within its Oklahoma service territory. OG&E expects the intelligent lighting system to significantly enhance the quality of service and reliability for customers, improve the speed of street light restoration response in the event of outages, and help drive increased system efficiencies and lower energy consumption. Today’s announcement details the unnamed customer award described during Silver Spring Networks’ fourth quarter and full year 2015 earnings conference call on February 9, 2016.
“Silver Spring’s connected street lights platform will help OG&E improve service, lower costs, and enhance public safety,” said Ken Grant, VP of Sales and Marketing, OG&E. “Connecting the street lights across our service territory is another example of our focus on innovative solutions and a natural extension of our ambitious smart grid program. OG&E is committed to delivering efficient, reliable lighting and electricity service to the citizens of Oklahoma.”
“OG&E has consistently demonstrated its industry leadership with its advanced smart grid initiatives. We’re honored to take the next step with them as we extend our critical infrastructure networking platform to include street lights across Oklahoma,” said Brandon Davito, Vice President of Smart Cities and Lighting, Silver Spring Networks. “With this program, OG&E is establishing a robust lighting infrastructure that can be leveraged for immediate benefits and can also be used to deploy more advanced services and applications over time.”
According to the Northeast Group, LLC, a smart infrastructure market intelligence firm, Silver Spring Networks is currently the market leader in North America for intelligent street light control. In addition to OG&E, Silver Spring has announced smart street light projects with leading utilities including Baltimore Gas & Electric, ComEd, Pepco Holdings Inc., and partnered with Florida Power & Light on what is believed to be the largest connected street lighting project in the world, totaling nearly 500,000 networked street lights across Miami and South Florida. Silver Spring also connects critical infrastructure devices in global cities such as Copenhagen, Denver, Glasgow, London, Melbourne, Mexico City, Paris, Providence, San Francisco, Sao Paulo, Singapore, and Washington D.C., amongst others.
Silver Spring’s IPv6 platform and solutions help utilities and cities deploy intelligent lighting systems that dramatically improve system reliability, increase energy efficiency, lower operational costs, extend equipment lifespans, and enhance citizen safety and quality of life. The open, standards-based solution also enables utilities and cities to establish a platform for future applications and services such as traffic management, environmental sensors, smart parking, electric vehicle charging, electricity and natural gas metering, water conservation, and many others.
OG&E has received regulatory approval for a new LED lighting tariff from the Oklahoma Corporation Commission, which will enable the transformation of OG&E’s lighting infrastructure from incandescent to smart LED technology through an attrition strategy. Pre-deployment planning and design are underway. Three current LED lighting pilot projects with the cities of Oklahoma City and Moore, Oklahoma are demonstrating the benefits and functionality of this new technology to city officials and the public.
To learn more, please visit Silver Spring at DistribuTECH 2017 Booth #2831 from January 31 – February 2 at the San Diego Convention Center. For additional information on Silver Spring’s smart lighting and smart city solutions, please visit www.ssni.com/smartcities.
About Oklahoma Gas and Electric
A subsidiary of Oklahoma City-based OGE Energy Corp., OG&E serves approximately 830,000 customers in a 30,000 square mile service area in Oklahoma and western Arkansas. With about 6,800 megawatts of capacity, OG&E generates electricity using low-sulfur coal, natural gas, wind and solar.
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About Silver Spring Networks
Silver Spring Networks enables the Internet of Important Things™ by reliably and securely connecting things that matter. Cities, utilities, and companies on five continents use the company’s cost-effective, high-performance IoT network and data platform to operate more efficiently, get greener, and enable innovative services that can improve the lives of millions of people. With more than 24.9 million devices delivered, Silver Spring provides a proven standards-based platform safeguarded with military grade security. Silver Spring Networks’ customers include Baltimore Gas & Electric, CitiPower & Powercor, ComEd, Consolidated Edison, CPS Energy, Florida Power & Light, Pacific Gas & Electric, Pepco Holdings, and Singapore Power. Silver Spring has also deployed networks in Smart Cities including Copenhagen, Glasgow, Paris, Providence, and Stockholm. To learn more, visit www.ssni.com.
Silver Spring Networks
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This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding the scope of Silver Spring’s engagement with OG&E, and the benefits of Silver Spring’s smart street light networking platform and solutions. Statements including words such as “anticipate”, “believe”, “estimate”, “expect” or “future” and statements in the future tense are forward-looking statements. These forward-looking statements involve risks and uncertainties, as well as assumptions, which, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include the successful implementation and deployment of the engagement with OG&E, as well as those described in Silver Spring Networks’ documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Silver Spring Networks as of the date hereof. Silver Spring Networks assumes no obligation to update these forward-looking statements.