Dubai, UAE – October 24, 2017 – Today at WETEX, Silver Spring Networks, Inc. (NYSE: SSNI) announced the initial successful completion of the deployment of its multi-application IPv6 network canopy for Dubai Electricity and Water Authority (DEWA). DEWA’s network canopy extends across the Emirate of Dubai and is based on Silver Spring’s Gen5 technology, which offers high performance, reliability, security and scalability. Silver Spring Networks is now working with DEWA towards final acceptance, with the remaining head-end integration work expected to be completed before the end of the year.
Silver Spring Networks also announced today that its Gen5 technology has been integrated into smart meter devices from Honeywell Elster, to connect the first DEWA electric customers to its IoT canopy as a part of the next phase of this modernization project. DEWA’s infrastructure modernization efforts support the Smart Dubai initiative, aimed at making Dubai the most innovative smart city in the world. DEWA provides services for over 700,000 electricity and 600,000 water connections across its service territory, all of which it intends to connect to the network canopy through additional Silver Spring ecosystem partners and future phases of its multi-year modernization program. These announcements detail the update described during Silver Spring Networks’ second quarter earnings conference call on August 8, 2017.
“DEWA is pleased with its progress for the second smart initiative, Smart Applications through Smart Meters and Grids, in alignment with the UAE Vision 2021 and the Dubai Plan 2021, which enables DEWA to build a wide and integrated smart grid covering generation, transmission and distribution systems. We look forward to continuing our collaboration with Silver Spring Networks to bring the company’s proven Internet of Things technology to DEWA customers, first through smart electric services and beyond into other smart applications, which can help contribute to making Dubai the happiest and most innovative city in the world.” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.
“We’re very pleased to achieve the delivery of the high-performance canopy network – a significant project milestone for DEWA – to help reliably deliver electricity, water and other new services across Dubai,” said Burak Aydin, General Manager – EMEA, Silver Spring Networks. “We are committed to offering the newest innovation available through our standards-based technology, and look forward to helping bring smart grid benefits to DEWA customers in Dubai during the next phase of our deployment.”
As a longtime proponent of open standards, Silver Spring’s technology is based on Wi-SUN mesh technology (IEEE 802.15.4.g). Silver Spring’s standards-based networking platform will enable DEWA to support a wide range of device vendors across its network canopy.
For more information on today’s announcement, visit Silver Spring Networks’ Booth #SSP10 at WETEX at the Dubai International Convention and Exhibition Centre.
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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 26.7 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
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 and benefits of Silver Spring’s agreement and the expected timing of head-end integration work with DEWA, as well as the potential uses of the canopy to DEWA. 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 of the agreement with DEWA, 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.