IPv6 Smart City Networking Pioneer Commemorates “Global Internet of Things Day”
Redwood City, CA – April 9, 2014 – Today, on “Global Internet of Things Day,” Silver Spring Networks, Inc. (NYSE: SSNI) announced that its smart street light solution has been named an American Technology Awards finalist by the TechAmerica Foundation. Silver Spring’s IPv6 networking platform for the Internet of Things has networked more than 18 million homes and businesses for smart grid networks on five continents, and is connecting street lights and traffic control systems in iconic cities such as Copenhagen, Miami, and Paris.
“We’re thrilled to celebrate Global Internet of Things Day with this recognition for our smart street lights solution. For more than a decade, Silver Spring has focused on building out some of the world’s largest outdoor, IPv6-based, machine-to-machine (M2M) networks,” said Sterling Hughes, Senior Director of Advanced Technology, Silver Spring Networks. “We’re proud to receive this industry acknowledgement for our smart street light solution which is helping cities to lower their energy consumption, create a platform to deploy additional Smart City applications for their citizens, and help accelerate economic and social development.”
Silver Spring’s smart street light solution enables city and utility lighting operators to reduce energy costs, increase operational savings, improve public safety, and establish a network canopy that can be leveraged to deliver additional Smart City applications such as electric vehicle charging, traffic control, environmental sensors, energy metering, and more. Silver Spring’s innovative Network-as-a-Service offering, where it will deploy, manage and operate Smart City networks on behalf of cities, allows municipalities to avoid upfront capital equipment and deployment costs as well as reduce operational and management expenditures.
Florida Power & Light plans to deploy Silver Spring’s wireless IPv6 mesh networking technology and management and control software to connect and control 75,000 street lights in the Miami-Dade County region, the largest networked street light deployment under contract in North America. In Paris, Silver Spring has been selected for an advanced street lighting and traffic controls program as the city seeks to reduce its public lighting energy consumption by 30% over the next 10 years. Copenhagen, often referred to as the world’s most sustainable city, is looking to Silver Spring to deploy a citywide canopy network to connect more than 20,000 street lights.
The American Technology Awards awards, also known as the “Terman Awards” in honor of the widely credited father of Silicon Valley, Frederick Emmons Terman, are awarded on the basis of a thorough evaluation by industry experts and technology leaders. The TechAmerica Foundation will present the American Technology Awards winners at an event on May 20 that brings together tech innovators, policy makers and investors. For more information visit: http://www.techamericafoundation.org.
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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 more than 18 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 the benefits cities and utility lighting operators may achieve from Silver Spring’s smart street light solution and Network-as-a-Service offering, as well as Silver Spring’s engagements with Florida Power & Light and in the cities of Copenhagen and Paris. 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.