|By Business Wire||
|May 21, 2014 04:33 PM EDT||
Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, today announced that the SilverLink™ Sensor Network has been honored with a 2014 Smart Grid Product of the Year Award from TMCNet.com and Crossfire Media. Silver Spring’s SilverLink Sensor Network is a new approach to unlocking insights from smart grid big data at up to 10x the speed and 1/10th the cost of traditional IT infrastructure.
“We are honored that new Silver Spring technology – the SilverLink Sensor Network – has been recognized as TMCNet.com’s 2014 Smart Grid Product of the Year,” said Alex Zheng, SilverLink Business Lead, Silver Spring Networks. “Utility companies seek new ways to unlock more value, and quickly and cost effectively develop and deliver new services. The SilverLink Sensor Network expedites the implementation of smart grid applications so utilities have greater insight into the data flowing off their network. These insights can be used to transform the customer experience.”
The SilverLink Sensor Network enables utilities and other network operators to connect real-time data to business processes to make smarter and faster business decisions, lower IT costs, create a more agile organization, and more quickly and cost-effectively launch new business models and services. Partners including AutoGrid, Bidgely, Detectent, DVI, MongoDB, ONZO, Plotwatt, and Sentient are already engaging with Silver Spring to leverage the SilverLink Sensor Network.
For more information on The SilverLink Sensor Network, please visit www.silverspringnet.com/silverlink.
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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 18.5 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.
This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding the performance and capabilities of, as well as the cost savings, speed and other benefits customers may realize from, the SilverLink Sensor Network. 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.