IPv6-based Distribution Automation Solution Enables Improved Grid Efficiency and Reliability
Redwood City, CA – June 12, 2013 –Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, today announced it has been selected for the initial phase of a distribution automation project with Snohomish County Public Utility District (PUD), which serves more than 320,000 electricity and 20,000 water customers in northwestern Washington State. Leveraging Silver Spring’s standards-based IPv6 networking platform and distribution automation solution, the Snohomish PUD program is designed to improve the reliability, efficiency, and resiliency of its distribution grid.
“We selected Silver Spring because of the company’s proven performance supporting vital DA communications. We are committed to providing the highest levels of service to our customers. As part of that commitment, we’re connecting our cap bank controllers and automated switches to increase the reliability, efficiency, and resiliency of our power grid,” said Chris Heimgartner, Assistant General Manager of Distribution & Engineering Services at the utility. “Silver Spring’s standards-based networking platform allows us to not only connect, monitor and control DA equipment in the field today, but to also create the long-term foundation for deployment of additional smart grid solutions in the future.”
“We’re proud to help the citizens of Snohomish County and Camano Island benefit from a more reliable and more efficient power grid,” said Dan Middleton, Executive Vice President of Sales, Silver Spring Networks. “Our industry-leading DA solution enables utilities to improve distribution network reliability, asset management, and quality of service.”
Accelerating Smart Grid Benefits for Public Power Providers
Silver Spring will be at the American Public Power Association’s National Conference, the largest event for the public power community, on June 17-19, 2013 in Nashville, TN. Silver Spring will be showcasing its latest smart grid innovations for municipal and cooperative utilities in Booth #307.
Silver Spring has recently introduced a ready-to-deploy Municipal and Cooperative Smart Grid Solution to speed evaluation, reduce risk, lower costs, and empower municipal and cooperative utilities’ consumers. With a focus on making it easy to rapidly scope, deploy and test results, the solution enables municipal and cooperative utilities to roll out a range of smart grid solutions such as sophisticated Advanced Metering Infrastructure for electricity, water, and natural gas customers, Demand Response, Distribution Automation, and other critical infrastructure applications over time. Silver Spring is working with municipal and cooperative utilities such as CPS Energy, Modesto Irrigation District, Sacramento Municipal Utility District, Snohomish County Public Utility District and others to unlock smart grid benefits for their consumers today. For more information visit www.silverspringnet.com/bigsolutions.
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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 16.5 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
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’s engagement with Snohomish County Public Utility District. 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’ Form 10-Q for the quarter ended March 31, 2013 filed with 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.