Industry Innovators Partner to Deliver Highly Efficient, Reliable and Secure 21st Century Energy Infrastructure
Redwood City, CA – March 27, 2013 – Silver Spring Networks, Inc., (NYSE: SSNI) a leading networking platform and solutions provider for smart energy networks, today announced it has been appointed by SP PowerAssets Limited (SPPA) to deliver the network and control platform for the initial phase of its advanced metering infrastructure (AMI) project. Under this contract, SPPA, which is a member of the Singapore Power Group and owns the electricity transmission and distribution assets in Singapore, will deploy Silver Spring’s IPv6-based wireless networking platform across its service territory.
“As a global industry leader, SPPA is widely recognized for its business and technological innovations in delivering reliable and secure energy to one of the most advanced economies on Earth – we are honored to partner with them on this next-generation AMI deployment,” said Scott Lang, Chairman, President & CEO, Silver Spring Networks. “Our proven, IPv6-based networking platform establishes an open and interoperable foundation upon which SPPA can deliver AMI services to its customers for years to come.”
Silver Spring has also partnered with STEE-Infocomm, a division of Singapore Technologies and a recognized leader in implementing smart infrastructure, for this project. STEE-Infocomm will provide a variety of implementation and logistics support.
Silver Spring’s Smart Energy Platform includes hardware, software and services and is based on an open IPv6 network, enabling continuous secure communication between utilities and their consumers. With the industry’s largest partner ecosystem, it is compatible with a wide array of smart energy network devices. The networking platform can be rapidly scaled, allowing utilities of all sizes and across all geographies to quickly and economically expand their smart grid services offerings. For more information please visit www.silverspringnet.com/solutions/.
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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 15.8 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, Inc., and Progress Energy, among others. For more information 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 the scope and duration of Silver Spring’s AMI project with SP PowerAssets Limited (SPPA). 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.