AUCKLAND, New Zealand--(BUSINESS WIRE)--Silver Spring Networks, Inc. (NYSE:SSNI) today announced that it has been named as the Frost & Sullivan New Zealand Smart Grid Solutions Company of the Year for the second year in a row. Silver Spring’s IPv6 critical infrastructure networking platform was recognized for helping energy retailers, distribution companies and Metering Services Providers (MSPs) in New Zealand’s disaggregated market to provide more reliable coverage in varying topographies, give urban and rural customers up-to-date, two-way information on their usage for better energy management and cost efficiencies, and offer program flexibility to expand to additional smart grid, smart city, and other critical infrastructure applications in the future. Highlighted programs include:
- Expansion of a Distribution Automation deployment with Unison Networks in New Zealand to further build on the benefit of the Silver Spring Platform;
- Deployments across New Zealand with SmartCo, a consortium of lines companies including Alpine Energy, Electricity Invercargill, Network Tasman, The Power Company, OnMetering, WEL Networks; and
- Partnering with Metrix to offer an innovative metering-as-a-service model, including for a joint deployment at Counties Power.
“We are honored that Silver Spring has been awarded New Zealand’s Smart Grid Solutions Company of the Year for a second consecutive year,” said Andrew Vlachiotis, Vice President of Asia Pacific Sales, Silver Spring Networks. “As there is an increase in demand for grid reliability in the region, more customers are turning to Silver Spring for our vision and expertise in building a smarter world of intelligent, connected Internet of Things devices. Innovations such as the Silver Spring Gen5 critical infrastructure platform including the ‘Milli 5’ will also enable the water industry to realise significant benefits as the electric industry in region has done.”
The Silver Spring “Milli 5,” a part of Silver Spring’s fifth generation critical infrastructure platform, is a postage-stamp sized networking card that can embed in small, battery-powered IOT devices to create self-meshing, large-scale sensor networks for smart cities, water and gas metering, EV charging, environmental and acoustic sensors, transportation and logistics monitoring, industrial and manufacturing equipment, and agricultural sensors, among many others.
Including New Zealand, Silver Spring’s critical infrastructure networking platform has connected over 21.5 million devices for the world’s leading network operators to help drive cost, operational, and energy efficiency benefits through leading critical infrastructure IoT technology.
For more information on Silver Spring’s customers in New Zealand and worldwide, please visit: www.silverspringnet.com/customers/.
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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 21.5 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 benefits of Silver Spring’s networking platform to customers, partners and consumers; the performance, benefits and potential applications of Milli 5; and Silver Spring’s projects with Unison Networks, SmartCo and Metrix. 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.