Florida Power & Light to Connect Nearly 500,000 Street Lights for World’s Largest Networked Street Lights Program; Industry Leaders Baltimore Gas & Electric, ComEd, and Pepco Holdings Inc. Initiate New Networked Street Light Programs
Redwood City, CA – February 9, 2015 – Today, Silver Spring Networks, Inc. (NYSE: SSNI) announced that some of the largest utilities in the United States are expanding their networked street light deployments and initiating new street light and smart city projects with Silver Spring. Florida Power & Light (FPL), already working with Silver Spring on North America’s largest networked street light project under contract, expanded its program from 75,000 street lights to nearly 500,000 street lights across its 35 county service territory statewide. FPL will also leverage Silver Spring’s Streetlight.Vision software to control and manage the networked street lights. The FPL connected street light initiative is believed to be the largest networked street lights program under contract in the world.
Silver Spring also announced that additional industry leaders including Baltimore Gas & Electric (BG&E), ComEd, and Pepco Holdings Inc. (PHI) are partnering with Silver Spring on networked street light and smart city technology projects.
“Networked street lights have great potential to benefit our customers,” said Manny Miranda, Vice President of Power Delivery for Florida Power & Light. “As we expand our program to nearly 500,000 lights, Silver Spring’s technology enables FPL to help improve the reliability and efficiency of our street light network while also supporting the ongoing performance of our smart grid.”
“We are excited about the benefits these smart street lights can deliver to our customers and our communities. By connecting street lights to our network, we can dim them at the right time to reduce usage and save money, and brighten them to help create safer streets – we can even give emergency responders the ability to control street lights on-demand,” said Anne Pramaggiore, President and CEO of ComEd.
“We’re excited to partner with FPL and many more of our utility clients as they continue to lead the industry forward. In much the same way that we pioneered infrastructure modernization efforts through the smart grid, Silver Spring technology is helping improve the reliability, efficiency, and quality of service of their street light networks,” said Scott Lang, Chairman, President and CEO, Silver Spring Networks. “Silver Spring’s multi-application platform allows utilities to both strengthen their existing smart grid infrastructure and unlock new benefits from a networked street light grid, while also establishing a foundation for additional smart city applications and services that can be added in the future.”
Silver Spring’s award-winning smart street light solution enables utilities to improve the reliability of their public lighting infrastructure, enhance citizen safety, lower operations and management costs, and improve overall energy efficiency. In addition to its utility clients, Silver Spring is also deploying smart city networks in iconic cities such as Copenhagen, Paris, and Glasgow, among others. Silver Spring’s platform can enable multiple applications and services such as street lighting, traffic control systems, smart parking, electric vehicle charging, energy metering, environmental and pollution sensors, adaptive outdoor lighting, motion-sensing applications, waste management, and other sensors to leverage a common network, control and data platform. The solution can be delivered as a Network-as-a-Service where Silver Spring will deploy, manage and operate the networks, allowing utilities, cities, and energy service companies to avoid upfront capital equipment and deployment costs, reduce operational and management expenditures, and accelerate deployment of new smart city services.
To learn more about the smart street light solution visit www.silverspringnet.com/streetlights.
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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 nearly 23 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 scope and benefits of Silver Spring’s engagements with FPL, BG&E, ComEd, PHI, and the cities of Copenhagen, Paris and Glasgow; and the benefits Silver Spring’s smart street light solution to utilities, cities, energy service companies, customers and communities. 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 implementation and deployment of the engagements with FPL and the other customers named in this press release, 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.