Recognized for Innovative Smart Grid Business Models and Solutions for New Zealand’s Disaggregated Market
Auckland, New Zealand – August 28, 2014 – Silver Spring Networks, Inc. (NYSE: SSNI) today announced that it was recognized with the Frost & Sullivan 2014 New Zealand Smart Grid Solutions Company of the Year award. In New Zealand’s retailer led, disaggregated market, Silver Spring’s standards-based IPv6 networking platform, software, and services has helped enable energy retailers, distribution companies, and Metering Service Providers more flexibility and reliability in the delivery of their services and empowered consumers to take more control over their energy choices. Silver Spring has collaborated with SmartCo, a consortium of lines companies including Alpine Energy, Electricity Invercargill, Network Tasman, The Power Company, OnMetering, and WEL Networks, to deploy smart infrastructure services to support a number of retailers, and serving urban and rural consumers across New Zealand. Silver Spring is also supporting distribution company Unison for its Distribution Automation deployment across its service territory to increase reliability and connectivity to remote network devices. Silver Spring is also working with the Meter Service Provider Metrix to offer an innovative metering-as-a-service model, including for a joint deployment at Counties Power.
“We are honored that Silver Spring Networks has been recognized by Frost & Sullivan as the 2014 Smart Grid Solutions Company of the Year,” said Andrew Vlachiotis, Vice President of Asia Pacific Sales, Silver Spring Networks. “Previously, New Zealand’s disaggregated market model has meant that it was difficult to provide a smart energy solution that catered to all segments of the value chain -- consumers, retailers, and lines companies. We are proud to be recognized for our collaborative and innovative business and technology partnerships in New Zealand, which are unlocking new value for consumers and are a key enabler for our growth in the region.”
Silver Spring Networks has already connected over two million homes and businesses in Asia Pacific. By providing a standards-based IPv6 networking platform, software and services for smart grid programs, Silver Spring is helping energy distributors, retailers and consumers in New Zealand realize cost, operational, and energy efficiency benefits through leading smart infrastructure technology.
Silver Spring Networks is a leading networking platform and solutions provider for smart energy networks. Silver Spring’s pioneering IPv6 networking platform, with over 19 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. Contact Amy Cook Global Communications Silver Spring Networks 650-839-4183
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 Networks’ engagements with SmartCo, Unison and Metrix, and the benefits of those engagements to customers and consumers. 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.