Proven IPv6 Networking Platform for Street Lights Helps Reduce Energy Consumption, Lower Operational Costs, and Improve Citizen Safety
Redwood City, CA – February 14, 2014 – Today Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, announced that the Silver Spring smart street lights solution was named an Edison Awards finalist in the Energy & Sustainability category. Silver Spring’s smart street lights solution enables lighting network operators to improve energy efficiency, lower operational costs, enable remote lighting management and control, and improve citizen safety. The solution also allows municipalities to leverage a smart street lights network canopy to deploy additional Smart City applications over time, lowering long-term costs and accelerating speed of deployment for new services.
“We’re honored that our proven, scalable and secure IPv6 networking solution for street lights has been named an Edison Awards finalist,” said Sterling Hughes, Senior Director of Advanced Technologies, Silver Spring Networks. “Cities worldwide are looking to networked LED street lights as way to improve energy efficiency and lower costs. We believe the Silver Spring smart street lights solution can deliver up to 65% in energy savings and increase operational savings by up to 40% while helping cities continue to modernize their lighting infrastructure.“
Silver Spring has been selected for smart street light and Smart City programs in iconic cities such as Paris and Copenhagen. 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 Edison Awards have recognized and honored some of the most innovative products and business leaders in the world and is among the most prestigious accolades honoring excellence in new product and service development, marketing, design and innovation. The 2014 Edison Award winners will be named on April 30.
For more information on Silver Spring’s smart street lights and Smart City solutions please visit www.silverspringnet.com/smartcities.
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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 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 of Silver Spring’s smart street lights solution. 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.