Jun 29, 2017   SOURCE: BusinessWire

Silver Spring Networks Selected for Grant County Public Utility District Advanced Metering Program

Silver Spring Networks, Inc. (NYSE:SSNI) today announced its selection for an advanced metering program with Grant County Public Utility District (Grant PUD). Grant PUD is a public power corporation that generates and sells electricity across a 2,777-square mile service area in Central Washington and the Pacific Northwest. Silver Spring’s standards-based Gen5 network platform will connect approximately 47,000 Grant PUD advanced metering customers to help deliver operational savings, improve service reliability, and enable greater energy efficiency.

“As the backbone of power distribution in the U.S., public power needs technology that is flexible enough to meet its own set of unique challenges,” said Chuck Allen, Public Affairs Officer for Grant PUD. “As a proven end-to-end provider of standards-based networks for the smart grid value chain, Silver Spring’s technology will be integral in the success of the Grant PUD roll-out.”

“We see this program as additional momentum in a recent wave of municipal and public power communities planning to modernize their infrastructure through powerful two-way communications. By deploying a standards-based and future-proofed network, backed by Silver Spring’s professional support services, rural communities can deploy advanced meter solutions more rapidly and successfully,” said Craig Lawson, SVP – North America, Silver Spring Networks. “We are excited to deliver this deployment to Grant PUD, and are committed to delivering a system that has been designed to fit public power members’ requirements.”

Silver Spring Networks, with more than 26 million enabled devices delivered on five continents, works with public power and municipal utilities across the U.S., including American Municipal Power, Choptank Electric Cooperative, City Utilities of Springfield, CPS Energy, Golden Valley Electric Association, Modesto Irrigation District, New Braunfels Utilities, Sacramento Municipal Utility District, and Snohomish County Public Utility District.

For more information on municipal and cooperative solutions for smart grid, smart city and other Internet of Important Things™ applications, please visit www.ssni.com/solutions/smart-utilities/.

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About Silver Spring Networks

Silver Spring Networks enables the Internet of Important Things™ by reliably and securely connecting things that matter. Cities, utilities, and companies on five continents use the company’s cost-effective, high-performance IoT network and data platform to operate more efficiently, get greener, and enable innovative services that can improve the lives of millions of people. With more than 26.0 million devices delivered, Silver Spring provides a proven standards-based platform safeguarded with military grade security. Silver Spring Networks’ customers include Baltimore Gas & Electric, CitiPower & Powercor, ComEd, Consolidated Edison, CPS Energy, Florida Power & Light, Pacific Gas & Electric, Pepco Holdings, and Singapore Power. Silver Spring has also deployed networks in Smart Cities including Copenhagen, Glasgow, Paris, Providence, and Stockholm. To learn more, visit www.ssni.com.

Forward-Looking Statements

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’s engagement for Grant County Public Utility District. 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 the successful implementation and deployment of the engagement, as well as 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.