Recognized for game-changing technology and market value
Redwood City, CA, July 17, 2008 – Silver Spring Networks, the leading provider of Smart Energy Networks, announced today that it has been chosen by AlwaysOn as one of the AO Global 250 Winners. Inclusion in the AO Global 250 signifies major developments in the creation of new business opportunities in the global technology industries. Silver Spring Networks was specially selected by the AlwaysOn editorial team and other industry experts spanning the globe, based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
Silver Spring Networks and the AlwaysOn Global 250 Top Private Companies will be honored at the AlwaysOn & STVP Summit at Stanford scheduled to occur on July 22-24, 2008 at Stanford University. This two-and-a-half day executive event highlights the significant economic, political and commercial trends disrupting the global technology industries and features the most innovative companies, eminent technologists, influential investors and journalists in keynote presentations, panel debates and private company CEO showcases.
“The AO Global 250 winners have excelled in key strategic areas in the global technology markets,” said Tony Perkins, founder and CEO of AlwaysOn. “We congratulate them for their success in introducing new tools, services, and platforms that are driving the next phase of innovation and creating real value at an economically uncertain time.”
The AO Global 250 was selected from over hundreds of companies, nominated by a panel of industry experts in the online technology, media, entertainment, enterprise and greentech sectors from around the world. A full list of all the AO Global 250 winners can be found on the AlwaysOn Web site.
Utilities face a variety of challenges, from maintaining an aging infrastructure to addressing global climate change. The Smart Energy Network, from Silver Spring Networks, delivers a proven approach to utility networking. The Smart Energy Network is built upon the same open, IP networking technologies used in IT, telecom, cable and other industries for years. With an IP-based Smart Energy Network in place, a utility can “plug and play” any variety of devices, deploy consumer energy portals, perform intelligent load shedding, enable remote disconnect and more. By making the grid more efficient, the US could save over $3 billion dollars annually and drastically reduce carbon emissions.
“We are excited to have been selected as one of the AO Global 250 technology companies as increasing energy efficiency and decreasing our environmental impact is at the top of the world’s agenda,” explains Eric Dresselhuys, Silver Spring Networks Vice President. “Our customers are the leaders in addressing global climate issues while continuing to deliver low-cost, reliable services to their consumers. As a partner in these efforts, Silver Spring Networks is delighted to offer the enabling technologies to make the Smart Grid real. Our technology available today and can have an immediate impact.”
About Silver Spring Networks
Silver Spring Networks creates the critical networking infrastructure for the Smart Grid, known as a Smart Energy Network. Based on the Internet Protocol (IP) suite, it addresses the challenges of running multiple applications and devices on a common networking infrastructure using multiple transport technologies, dramatically improving efficiency, lowering costs and ensuring the reliable delivery of services. Silver Spring Networks was named a 2008 Technology Pioneer at the World Economic Forum in Davos, Switzerland and was a recipient of the GoingGreen and Brilliant Innovation Awards in 2007. For additional information, visit us at www.silverspringnet.com.
AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a community blog network. In 2004, AlwaysOn continued to lead the industry in innovation by engaging its bloggers in a social network. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Stanford Summit, OnHollywood, OnMedia, GoingGreen, NordicGreen, and Venture Summit East and West) and quarterly print “blogozine”. No other media brand has dared to create such open interaction with its readers and event participants.