Singapore, Singapore — October 17, 2016 — Silver Spring Networks, Inc. (NYSE: SSNI) today announced that it has been named the Frost & Sullivan 2016 Asia-Pacific Smart Grid Service Provider of the Year. Each year, Frost & Sullivan recognizes a company in the smart grid industry through its evaluation of leadership, technological innovation, customer service, and strategic product development. Silver Spring delivers a proven platform, solutions and services used by major utilities and cities around the world to support multiple smart grid, smart city and other industrial Internet of Things (IoT) applications. With more than 2.5 million-enabled devices delivered in Asia-Pacific, Silver Spring helps some of the region’s most standout energy providers, including AusNet Services, CESC, CitiPower & Powercor, Horizon Power, Jemena, Singapore Power, SmartCo, Unison, United Energy, WEL Networks and Western Power, to modernize their infrastructure, to help their customers improve energy management and to increase grid reliability.
“Silver Spring Networks has helped shape the face of the smart grid services industry in the Asia-Pacific region by showcasing its unparalleled services,” said Avanthika Satheesh, Industry Analyst, Energy & Environment Practice, Asia Pacific, Frost & Sullivan. “The company is at the forefront of smart grid services by offering effective solutions for the challenging and evolving demands of the smart grid market, while meeting and exceeding the demands of its customers.”
“As the demand for the digitization of the grid increases in Asia-Pacific, we believe that we can offer the most flexible and reliable smart grid services and solutions to meet the diverse needs of the industry in the region,” said Eric Dresselhuys, Co-Founder and EVP of Global Development, Silver Spring Networks. “We are truly honored to be recognized by Frost & Sullivan as the ‘Asia-Pacific Smart Grid Service Provider of the Year,’ as we aim to help more customers realize the benefits that can be delivered through our technology and our expertise for building a smarter world of intelligent, connected devices.“
With its fifth generation platform – Gen5 – Silver Spring can offer operators speeds up to 2.4 Mbps, simultaneous mesh communication on both sub-Gigahertz and 2.4 GHz frequencies, integration of 4G LTE communications, and industry-leading performance, reliability, secure and scalability. By leveraging a number of global and local partners from Silver Spring’s robust partner ecosystem, Silver Spring’s standards-based Gen5 technology can also help operators implement a wide range of applications using a common platform.
For more information, please visit: www.silverspringnet.com/Gen5.
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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 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.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 benefits of Silver Spring’s platform, solutions and services and the performance of its fifth generation platform. 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.