SÃO PAULO--(BUSINESS WIRE)--Silver Spring Networks (NYSE:SSNI) today announced that it has received the ‘Mais Valor 2014’ (More Value 2014) award from CPFL Energia, Brazil’s largest privately–held electricity group, for the deployment of the Silver Spring IPv6, standards-based smart grid network platform for Advanced Metering Infrastructure for Group A clients. CPFL Energia recognized Silver Spring for helping achieve its operational goals, including greater efficiency, reduced costs and improved service quality, for the smart grid program, which is part of CPFL’s ‘Tauron’ infrastructure modernization initiative. In the first year of deployment, CPFL Energia recorded success rate for meter readings exceeding 98%. This program for Group A consumers comprises all CPFL’s clients of High and Medium Voltage (AT and MT), which represents more than 40% of CPFL’s total revenue.
“We are proud to receive this recognition from our partner CPFL Energia and to help them unlock more benefits for their customers in Brazil. We look forward to continuing to modernize their energy grid and to deliver even more value moving forward,” said Scott Lang, Chairman, President and CEO, Silver Spring Networks.
“Silver Spring Networks’ wireless network infrastructure has exceeded all our initial expectations in delivering a world-class smart grid program for over 25,000 Group A customers, contributing also for our own operational efficiency improvements,” said Paulo Ricardo Bombassaro, engineering director at CPFL Energia. “By deploying two-way communications technology, we have increased our network reliability, achieved faster response times, and optimized operations for increased productivity and less travel time.”
“It is a great honor to be recognized by CPFL Energia, a true energy sector pioneer, for our smart grid deployment. This award demonstrates the value and tangible benefits that can be delivered through Silver Spring’s IPv6 network infrastructure,” added Gadner Vieira, General Manager, Silver Spring Networks Brazil. “We are proud of the work from our employees and the collaboration between the Silver Spring and CPFL Energia teams, and we look forward to further strengthening our joint efforts in delivering world-class energy infrastructure in Brazil.”
For more information, please visit www.silverspringnet.com/customers/cpfl-energia/
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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.
About CPFL Energia CPFL Energia has been generating, distributing and selling energy and providing telecoms and other services for 102 years. With a 13% share of the energy distribution market, it is market leader with over 7.5 million consumers in the States of São Paulo, Rio Grande do Sul, Minas Gerais and Paraná. CPFL Energia is one of the largest companies on the free market with an 8% market share. It also leads incentivized energy sales to free customers.
The company is Brazil's second largest privately owned power generator with a portfolio of clean and renewable energy sources. CPFL Geração manages 2,248 MW of installed capacity, taking into account the company's stake in each of its generating assets. In 2011, it created CPFL Renováveis, with assets including hydroelectric power stations, wind farms, biomass thermoelectric stations and the Tanquinho solar power station, the first of its kind in the state of São Paulo and one of the biggest in Brazil. Including its stake in CPFL Renováveis, the CPFL Group had installed capacity of 3,127 MW at the end of the second quarter of 2014. The group also plays a major role in arts and culture as one of Brazil's 15 biggest investors in the area.
CPFL Energia is listed on the BM&FBovespa's New Market with Level III ADRs on the NYSE, and is quoted on the Dow Jones Sustainability Index Emerging Markets and Morgan Stanley Capital International Global Sustainability Index (MSCI). The company's stock has been included in the BM&FBovespa Business Sustainability Index (ISE) for the 9th consecutive year.
This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding the scope and benefits of Silver Spring Networks’ engagement with CPFL Energia. 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.