May 9, 2017   SOURCE: BusinessWire

Golden Valley Electric Association Selects Silver Spring Networks to Deploy Multi-Application Advanced Metering Platform in Alaska

Golden Valley Electric Association (GVEA) and Silver Spring Networks, Inc. (NYSE: SSNI) today announced that GVEA has selected Silver Spring’s multi-application IPv6 platform for the deployment of advanced metering infrastructure (AMI). GVEA is an electric cooperative operating across a 5,973-square-mile service territory in the interior of Alaska, and its system is interconnected with four military bases and the University of Alaska-Fairbanks. GVEA selected Silver Spring Networks to help modernize its grid infrastructure, improve system reliability, increase operational efficiencies, and enable its members to better manage their energy use.

Silver Spring is expected to begin deployment of the system this summer and is intended to serve GVEA's nearly 50,000 homes and businesses.

“Our mission is to provide our member-owners and communities with quality customer service and innovative energy solutions. By working with an industry leader such as Silver Spring, we are investing in new technology that will help GVEA operate more efficiently and improve outage restoration. Our members will be able to monitor energy consumption more precisely and make more informed decisions to manage their electrical usage,” said Cory Boregson, President & CEO, GVEA. “We are excited about deploying Silver Spring’s multi-application IPv6 network platform in Fairbanks and the interior communities we serve.“

“Access to two-way IoT connectivity platforms and solutions shouldn’t be limited by size, geography or climate. Our multi-application and standards-based approach allows us to provide the most flexibility and choice for our customers, while also delivering grid technology to modernize their infrastructure,” said Craig Lawson, Senior Vice President – North America, Silver Spring Networks. “We are honored to work with GVEA to bring this innovation to its members in the interior of Alaska.”

With more than 26 million enabled devices delivered on five continents, Silver Spring works with cooperative, public power, and municipal utilities, including American Municipal Power, Choptank Electric Cooperative, City Utilities of Springfield, CPS Energy, Modesto Irrigation District, New Braunfels Utilities, Sacramento Municipal Utility District, and Snohomish County Public Utility District, to deliver its proven, reliable and IPv6 standards-based platform.

To learn more about Silver Spring’s smart utility solutions, visit www.silverspringnet.com/solutions/smart-utilities/.

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About Golden Valley Electric Association

Golden Valley Electric is a member-owned electric cooperative that has been serving Interior Alaska residents for over 70 years. GVEA is the third largest electric utility in Alaska, serving nearly 100,000 residents in Fairbanks, North Pole, Delta Junction, Nenana, Healy, Denali Park and Cantwell. Among GVEA’s members are Denali National Park, two gold mines and an oil refinery. Golden Valley has the most diversified fuel mix of electric utilities in the state: coal and oil locally, solar and wind through its renewable energy program, as well as hydro from Bradley Lake near Homer and natural gas from Anchorage.

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, benefits, and timing of Silver Spring’s engagement with GVEA. 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.