San Jose, CA – June 23, 2016 – Today, Mike Bell, President and CEO of Silver Spring Networks, Inc. (NYSE: SSNI), was joined by Sam Liccardo, Mayor of San Jose, California, executives from Pacific Gas & Electric and other local public officials to officially open Silver Spring’s new headquarters at 230 West Tasman Drive in San Jose. With an Internet of Things (IoT) demonstration facility, Silver Spring’s new headquarters is the innovation and operations focal point for its global customer base.
During the ribbon-cutting ceremony, Silver Spring highlighted StarfishTM – Silver Spring’s public cloud IoT network service – and its deployment across San Jose. Silver Spring and the City of San Jose highlighted how the Internet of Things platform will help contribute to San Jose’s Smart City Vision of becoming America’s most innovative city by 2020. Starfish is built on open standards-based technology that has a proven track record of delivering over 24.3 million devices across five continents. A reliable and secure network platform, Starfish helps developers, entrepreneurs, enterprises and other third parties support and accelerate the development of new IoT devices and services.
The ceremony also provided PG&E the opportunity to showcase its Grid of ThingsTM vision, which helps PG&E better serve its customers by offering enhanced personalization while improving the safety and reliability of the energy grid. PG&E has worked with Silver Spring to deploy its IPv6-based platform and solutions for multiple smart grid projects, including its SmartMeterTM program serving more than five million PG&E electric customers across Northern and Central California.
“We are thrilled to officially open our new worldwide headquarters in the heart of Silicon Valley, and are grateful to Mayor Liccardo and the city of San Jose for their support,” said Mr. Bell. “As Silver Spring’s coverage area expands, we are able to unlock benefits for our customers and the communities they serve.”
“In addition, we are excited to be actively deploying Starfish in San Jose, where we are engaging with some of the hottest entrepreneurs and developers in the Valley who are looking to leverage a trusted IoT network to build the industry’s next big innovations,” continued Mr. Bell.
“We are excited to welcome Silver Spring Networks to San Jose and to be partnering with this innovative company to deploy an Internet of Things network here in our city,” said Mayor Liccardo. “This partnership is a great example of how we can embrace game-changing technology and data-driven decision-making in order to help create a safer, more sustainable and productive community and enhance the quality of life for our residents. I’d like to thank Silver Spring Networks for their many, significant investments in San Jose and for being at the forefront of helping cities address some of our biggest 21st century challenges.”
‘Developer Day’ Enables Hands-On Experience With Silver Spring’s Proven IPv6 IoT Network
Silver Spring recently hosted an inaugural ‘Developer Day’ at its new headquarters where developers and academic researchers learned how to leverage Starfish to create smart city, smart energy, resource conservation, and other IoT applications for public and commercial use. To register your interest for future Developer Days, please visit: www.ssni.com/developer
Starfish offers a platform that includes standards-based IEEE 802.15.4g wireless interoperability standard (Wi-SUN), as well as speeds up to 2.4 Mbps, 10 millisecond latency, up to 50 miles in point-to-point range, and multiple network transports, along with industrial-grade security, reliability, and scalability.
As a part of Starfish, Silver Spring plans to offer a free service plan – Haiku™ – which includes 5000 messages x 16 bytes per month, ideal for entrepreneurs and start-ups with smaller data needs who want to access a proven IoT network service to develop new IoT applications for the industry. In addition to San Jose, Silver Spring is ramping up Starfish deployment in Bristol, Chicago, Copenhagen, Glasgow, Kolkata, London, and San Antonio.
For more information on Starfish, please visit: www.ssni.com/starfish
- SmartMeter and Grid of Things are registered trademarks of Pacific Gas & Electric.
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- Learn more about the Wi-Sun Alliance and the value of open standards-based IoT networking at wi-sun.org
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 24.3 million Silver Spring enabled devices delivered, is connecting utilities to homes and businesses 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, Consolidated 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.
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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 Silver Spring Networks’ new San Jose headquarters, the benefits of Starfish, and Silver Spring Networks’ projects with the City of San Jose and Pacific Gas & Electric. 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.