NEW YORK--(BUSINESS WIRE)--Today at LightFair International, the world’s largest annual architectural and commercial lighting trade show and conference, Silver Spring Networks (NYSE:SSNI) announced its first North American street lighting network-as-a-service deployment for the cities of Randolph and Fitchburg, Massachusetts. Silver Spring, in partnership with LightSmart, will deploy, manage and operate the intelligent street light networks for the cities, allowing each municipality to reduce upfront capital costs and operational expenditures. Silver Spring’s IPv6, standards-based smart lighting solution allows cities, utilities and energy service companies to gain additional ROI by leveraging the network for additional smart city services and applications over time.
These new projects build on Silver Spring’s recent announcement that it has been selected by Florida Power & Light (FPL) for what is believed to be the largest networked street lights project in the world, and is initiating smart street light projects with other leading utilities including Baltimore Gas & Electric, Commonwealth Edison, and Pepco Holdings Inc. Silver Spring also recently announced it is deploying a citywide network canopy across Paris to connect and manage the above-ground and subterranean cabinet-based controllers for street and traffic lights across the city.
“We’ve seen an upswing in municipalities and cities embracing our networking technology. It not only improves their current public lighting infrastructure but also provides an open, standards-based platform they can leverage for future sensor networks, and smart city applications and services,” said Brandon Davito, Vice President of Lighting and Smart Cities, Silver Spring Networks. “Today we’re honored to expand the list of clients entrusting us to connect critical infrastructure in cities such as Chicago, Copenhagen, Glasgow, Melbourne, Paris, Sao Paulo, San Francisco, Singapore and others worldwide.”
Broad Smart City Ecosystem Continues Expansion
Silver Spring’s standards-based smart city platform supports a wide array of software and device partners, providing customers confidence in choice and interoperability. Today, Silver Spring also welcomes Urbiotica to its smart city partner ecosystem. Urbiotica develops sensor-based products and solutions for smart city services for mobility (parking and traffic), waste management, and environmental monitoring.
"We are excited to partner with a leading smart city and IoT innovator like Silver Spring Networks. Silver Spring’s ubiquitous networking capabilities and compelling economics will have a profound impact on the IoT capabilities for cities and utilities globally,” said Marc Boher, Chief Commercial Officer, Urbiotica.
For more information on Silver Spring’s smart city solutions and ecosystem visit www.silverspringnet.com/smartcities.
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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 20 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 benefits cities may achieve from Silver Spring Networks’ street-lights-as-a-service solution, and the scope and benefits of Silver Spring’s engagements with the cities of Randolph and Fitchburg, Massachusetts and Urbiotica. 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.