Targeted at Growth Markets in Australia and New Zealand, Europe and Southeast Asia
Kuala Lumpur, Malaysia – August 5, 2014 – Today at the Asian Utility Week conference, Silver Spring Networks, Inc. (NYSE: SSNI) announced an expanded relationship with EDMI Ltd., a global smart meter solution provider, to offer smart city and smart energy solutions in several new regions. Following the successful first phase of deployment with the Singapore Power Group, Silver Spring and EDMI will offer their integrated solutions in Australia and New Zealand, Europe and Southeast Asia. Through the expanded relationship, Silver Spring will also leverage EDMI devices as control nodes to help manage and monitor intelligent street lights as part of the Silver Spring Smart City Solution.
“Asia is home to some of the most rapidly growing cities on earth and, along with this growth, we are seeing unprecedented demand for infrastructure modernization in new regions, and for new smart energy and smart city applications,” said Eric Dresselhuys, Executive Vice President of Global Development and Sales, Silver Spring Networks. “EDMI is an industry leader in Asia, Australia and New Zealand, and Europe, and we’re delighted to expand our partnership to ensure we are offering more choice to our smart city and smart grid customers across the globe.
“Silver Spring is widely recognized as a market leader and, in partnership with EDMI in Singapore, has successfully begun delivering one of the region’s most sophisticated energy network modernization projects,” said KM Lee, Group Managing Director, EDMI. “Building on that success, we are proud to extend our partnership with Silver Spring to meet the growing demands in Asia, Australia and New Zealand, and Europe. Silver Spring’s open, IPv6 platform is proven worldwide and we are excited to jointly deliver new innovations to a wider customer base.”
Silver Spring has connected over 18.5 million homes and businesses across five continents, and works with leading utilities across the world and global cities including Copenhagen, Dublin, Miami, Oslo, Paris, and Donnugan and Foshan in China, to deploy smart city applications such as intelligent and adaptive street lights. With more than 125 partners in the Silver Spring Partner Program, the open, standards-based Silver Spring IPv6 network offers customers choice and support across a broad range of smart infrastructure vendors.
For more details on partnering with Silver Spring Networks please visit www.silverspringnet.com/partners.
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About Silver Spring Networks
Silver Spring Networks is a leading networking platform and solutions provider for smart energy networks. Silver Spring’s pioneering IPv6 networking platform, with over 18.5 million Silver Spring enabled devices delivered, is connecting utilities to homes and business throughout the world with the goal of achieving greater energy efficiency for the planet. Silver Spring’s innovative solutions enable utilities to gain operational efficiencies, improve grid reliability, and empower consumers to monitor and manage energy consumption. Silver Spring Networks’ customers include major utilities around the globe such as Baltimore Gas & Electric, CitiPower & Powercor, Commonwealth Edison, CPS Energy, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Progress Energy and Singapore Power, among others. To learn more, please visit www.silverspringnet.com.
Silver Spring Networks
EDMI Limited is one of the leading smart metering solutions providers in the world. EDMI is focused on designing, developing and manufacturing innovative and technologically advanced energy meters and metering systems for the global utility industry. EDMI’s metering portfolio includes a comprehensive range of premium quality metering products, advanced infrastructure and energy management systems. With over 30 years’ experience of manufacturing smart meters and millions of EDMI smart meters installed worldwide, EDMI’s products are tried and tested, giving customers the confidence of working hand in hand with a company with a proven track record. EDMI is owned by Osaki Electric Co., Ltd., a Japanese metering solutions provider listed on the Tokyo Stock Exchange. For more information, visit www.edmi-meters.com.
This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding Silver Spring Networks’ relationship and offerings with EDMI. 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 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.