New Partnership With Industry Leader Citelum to Deliver Smart City Network in World’s Most Sustainable City.
REDWOOD CITY, CA – October 28, 2013 – Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, announced today it has been selected to deliver the networking platform for a citywide intelligent street lights project in Copenhagen, Denmark. Under a new partnership with Citelum, the global leader in lighting, traffic management, and other urban electrical systems, Silver Spring is expected to begin networking 20,000 street lights in Copenhagen in 2014. Often cited as the world’s most sustainable city, Copenhagen has chosen Citelum to improve energy efficiency, lower operational costs, enable remote lighting management and control, and improve citizen safety through the enhanced lighting system. Citelum is partnering with Silver Spring Networks to deliver its smart city solution for Copenhagen.
“Copenhagen is a recognized global leader in leveraging smart city technology to improve its environmental sustainability, economic competitiveness, and quality of life for its citizens,” said Eric Dresselhuys, Executive Vice President of Global Development, Silver Spring Networks. “We are honored to partner with Citelum to deliver an open, standards based networking platform to connect Copenhagen’s street lights and to establish a networking canopy for additional smart city applications in the future.”
“Silver Spring has been selected by Citelum thanks to its compliant wireless IPv6 smart city networking platform, providing the scale, performance, security and extensibility needed for a city of Copenhagen’s ambition,” said Pierre-Louis Ouvrard, Business Development Director, Citelum.
Together, Citelum and Silver Spring expect to provide multiple LED lamp options, with a single networking platform for Copenhagen’s smart city network. Silver Spring’s unified networking and software solutions ensure higher levels of reliability, enable broader geographic coverage and are more cost-effective than existing solutions.
About Silver Spring Networks
Silver 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 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.
Silver Spring Networks
This press release contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding Silver Spring’s engagement with Citelum 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.