Delivering a Networking Platform Optimized for Smart City ApplicationsSilver Spring’s Smart City solution helps cities tackle some of the most pressing challenges they confront today:
- Environmental Sustainability: Silver Spring’s Smart City solution enables cities to dramatically improve energy efficiency and reduce consumption via smart lighting and smart energy solutions, electric vehicle charging networks, connected-CO2 sensors, programs helping citizens make smart energy choices, and other sustainability solutions.
- Health and Safety: Silver Spring’s Smart City solution enables smart lighting networks to coordinate with traffic control systems in emergency situations for remote on/off, dimming, on-demand brightening, blinking, and notification capabilities. Additional applications could include electrical voltage, natural gas, and water leak monitoring systems.
- Traffic and Transportation Management: Congestion relief and revenue collection is a significant opportunity for cities. Silver Spring’s Smart City solution is designed to help cities achieve this goal as they network smart parking meters, traffic control systems, mass-transit networks, and smart transit shelters at public transportation depots.
- Achieving Economic Growth: The compelling economics of Silver Spring’s Smart City solution permits cities to invest proven operational and cost savings into additional Smart City applications for their citizens. Silver Spring’s open, standards-based solution, coupled with the insight-rich data delivered across the network, helps create a platform for entrepreneurs and software developers to bring additional innovations and value to the community. This also helps cities to further attract business investment, draw more skilled talent, and make themselves more economically competitive.
About Silver Spring NetworksSilver Spring Networks (NYSE: SSNI) is a leading networking platform and solutions provider for smart energy networks. Silver Spring’s pioneering IPv6 networking platform, with 17.5 million Silver Spring enabled devices delivered, is connecting utilities to homes and businesses 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. Forward-Looking Statements 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 cities may achieve from Silver Spring’s Smart City solution, as well as Silver Spring’s engagements with Citelum, LED Roadway Lighting, SELC, Streetlight.Vision, Sunrise Technologies, Paris and Copenhagen. 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.