Gen5 Networking Platform Recognized for Innovation, Impact on Modern Grid; IPv6 Leadership and Commitment Recognized as Critical in Establishing Modern Networks
Redwood City, CA – June 9, 2015 – Today Silver Spring Networks (NYSE: SSNI) announced that its Gen5 networking platform has been recognized with a ‘Smart Grid Product of the Year’ award from SmartGrid.TMCnet.com. With major advancements in speed, latency, range, distributed intelligence, power optimization, and size, the Gen5 platform strengthens core smart grid operations, plus an emerging set of applications for real-time operations data, Distribution Automation, dynamic applications at the edge of the network, as well as smart city services for utilities, cities, and other network operators.
Silver Spring was also named a ‘2015 Smart Grid Company to Watch’ by Smart Grid News for its impact on the modern grid, in particular its pioneering work in delivering large-scale, open, IPv6-based critical infrastructure networks. Silver Spring’s networking platform connects over 20.5 million homes and businesses on five continents.
“The open, standards-based IPv6 Gen5 platform enables our customers and partners to accelerate adoption of Internet of Things applications and services, allowing millions of devices to be securely connected over varying conditions and environments,” said Don Reeves, EVP of Engineering and Managed Services, Silver Spring Networks. “We’re honored to be recognized for our efforts and look forward to pushing the technology envelope even further in the future.”
“It is my pleasure to recognize Silver Spring Networks with a 2015 Smart Grid Product of the Year Award for its contribution to the advancement of smart grid technology solutions,” said Rich Tehrani, CEO, TMC. “I look forward to seeing more innovation from them in the coming years.”
For more information on Silver Spring’s Gen5 networking platform, please visit www.silverspringnet.co/gen5.
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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 20.5 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 benefits from Silver Spring’s Gen5 networking platform to customers and partners, as well as the performance, capabilities and potential applications of Silver Spring’s Gen5 networking platform. 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.