San Jose, CA – July 27, 2016 – Silver Spring Networks, Inc. (NYSE: SSNI) today announced that the United States District Court for the Eastern District of Texas has awarded Silver Spring Networks $614,150.70 in costs, to be paid by EON Corp. IP Holdings, LLC. The order follows the decision of the United States Court of Appeals for the Federal Circuit reversing a judgment from the District Court in Texas regarding patent claims covering wireless communication. Silver Spring Networks, as the prevailing party, is entitled to recovery of certain costs under the Federal Rules of Civil Procedure.
“The court’s order is a victory for Silver Spring Networks and we are delighted with the award,” said Rick Arnold, General Counsel, Silver Spring Networks. “We believe in Silver Spring’s technology and will continue to vigorously defend ourselves, and our customers, against these types of lawsuits.”
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About Silver Spring Networks
Silver Spring Networks is a leading networking and solutions provider for the Internet of Things. Silver Spring’s pioneering IPv6 networking platform, with over 24.3 million devices delivered, connects a range of applications for some of the world’s leading utilities and major cities. Silver Spring’s open-standards platform enables multiple applications and services to leverage a common network, control, and data platform to help drive smart energy, smart city, and broader Internet of Things applications to help address the next wave of global challenges impacting water, energy, transportation, and public health and safety. Silver Spring Networks’ customers include utilities such as Baltimore Gas & Electric, CitiPower & Powercor, Commonwealth Edison, Consolidated Edison, CPS Energy, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Progress Energy, and Singapore Power, and cities such as Copenhagen, Glasgow, and Paris. To learn more, please visit www.ssni.com.
Silver Spring Networks
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This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding Silver Spring’s beliefs regarding the final outcome of the EON matter. 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.