Smart Infrastructure Pioneer Recognized by the TechAmerica Foundation for Helping Cities Leverage Smart Street Lights Innovation
Redwood City, CA – June 3, 2014 – Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, today announced that it has been awarded an American Technology Award from the TechAmerica Foundation for the Silver Spring smart street light solution. Silver Spring’s IPv6 networking platform for the Internet of Things has networked over 18.5 million Smart Grid and Smart City devices on five continents, and is connecting street lights and traffic control systems in global cities such as Copenhagen, Dublin, Miami, Oslo and Paris, and Dongguan and Foshan in China. 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, pollution and noise sensors, energy metering, and more. Silver Spring also recently announced the completion of its acquisition for Streetlight.Vision, a Paris-based control and management software for smart street light networks.
“We are elated to receive an American Technology Award for the Silver Spring smart street light solution that helps cities lower their energy consumption, deploy multiple Smart City applications for their citizens, and accelerate economic and social development,“ said Eric Dresselhuys, Executive Vice President of Global Development, Silver Spring Networks. “Innovation is our driver in helping cities modernize infrastructure, and it’s great to receive industry recognition that the Silver Spring Smart City networking platform can help ease some of the pressures that cities are facing.”
Florida Power & Light plans to deploy Silver Spring’s IPv6 networking technology and management and control software to connect and control 75,000 street lights in the Miami-Dade County region for the largest networked street light deployment under contract in North America. 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. 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.
Silver Spring also delivers its Smart City solution via an innovative Network-as-a-Service offering, where it will deploy, manage and operate Smart City networks on behalf of cities. This allows municipalities to avoid upfront capital equipment and deployment costs as well as reducing operational and management expenditures.
“Innovation is transforming all aspects of business and society. The American Technology Awards allow us to highlight the advancements that each of the winners represents as they continue to influence technology development,” said Todd Thibodeaux, president and CEO of CompTIA, the organization that has recently acquired the TechAmerica Foundation. “We congratulate Silver Spring Networks on winning this prestigious award and thank them for driving long-term innovation through the smart street light solution to help cities overcome the pressures they are facing.”
For more information on Silver Spring’s Smart City solution, please visit www.silverspringnet.com/smartcities.
The American Technology 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. 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 over 18.5 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 the performance and capabilities of, as well as the cost savings, speed and other benefits customers may realize from Silver Spring’s Smart City and street lights solution; and the expected benefits from Silver Spring’s acquisition of Streetlight.Vision. 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 the successful integration of Streetlight.Vision into Silver Spring Networks, as well as 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.