Sep 6, 2017   SOURCE: BusinessWire

Silver Spring Networks Expands Smart Metering Ecosystem Through Agreement with Genus Power Infrastructures Ltd.

Silver Spring Networks, Inc. (NYSE:SSNI) today announced a new agreement with Genus Power Infrastructures Ltd., a leading smart meter provider in India and Southeast Asia. Under the agreement, Genus will integrate Silver Spring’s standards-based IPv6 network interface cards (NICs) into its single-phase and three-phase smart electric meters. Silver Spring’s technology is based on Wi-SUN® standards-based mesh, built on IEEE 802.15.4g.

Today, Silver Spring also announced that Silver Spring-enabled Genus smart electric meters will be deployed to support a portion of several previously-announced regional smart grid programs in Asia. These include CESC Limited in India, where Silver Spring will provide two-way advanced metering infrastructure (AMI) in the Bharatpur and Kota franchise service areas, and Singapore Power, where Silver Spring-enabled devices will be deployed to connect additional AMI customers.

“The agreement with Genus expands Silver Spring’s ecosystem of meter choices in Asia to nearly two dozen, offering utilities unmatched device diversity, choice and value to achieve their business goals. Ensuring technology interoperability through an open standards-based platform allows our customers flexibility and choice of a range of local and global partners,” said Alex Beveridge, General Manager – Asia Pacific, Silver Spring Networks. “We’re pleased to add Genus to support our customers in providing the highest quality connected devices, while delivering smart grid benefits to consumers in India and Singapore.”

“By working with Silver Spring Networks, we are delivering smart grid benefits to some of the highest profile programs in the region,” said Jitendra Aggarwal, Joint Managing Director, Genus Power Infrastructure Ltd. “Standardizing on Silver Spring technology is helping Genus expand its reach internationally, while offering other energy providers in the region a framework for how to deliver higher quality smart meters and devices with proven IoT solutions.”

“Silver Spring’s technology couples standards-based, military-grade security with local standards to unlock the highest value at the lowest risk for our customers,” said Kavita Sinha, General Manager – India Region, Silver Spring Networks. “We are proud of our work with Genus to deploy the first IS-16444 compliant meters at a commercial scale in India.”

1 Wi-SUN is a registered trademark of the Wi-SUN Alliance.

Silver Spring’s advanced technology is being integrated into Genus smart meters to enable secure and reliable wireless networking connectivity between home and business customers and the back-offices of utilities. The communications and computing modules will help form a highly resilient mesh network for utilities, providing access to demand, consumption, time-of-use and interval data, alarms, and power-quality data from Genus smart meters.

With more than 26.7 million enabled devices delivered on five continents, Silver Spring works with some of the world’s leading energy and utility providers including AusNet Services, Baltimore Gas & Electric, CESC Limited, CFE, CitiPower & Powercor, ComEd, Consolidated Edison, Dubai Electric and Water Authority, CPFL Energia, Florida Power & Light, Jamaica Public Service Company, Pacific Gas & Electric, Pepco Holdings Inc., Singapore Power and United Energy, to deliver its proven, reliable and secure platform.

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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 26.7 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.

About Genus Power Infrastructures Limited

Genus Power Infrastructures Ltd (Genus) is the largest manufacturer of Electronic Energy Meters in India with an installation base of more than 44 Million meters working satisfactorily in field. Genus, a pioneer in the development of anti-tamper electricity meters, offers wide spectrum of metering solutions including Smart Meters, DT Meters and related Software’s to enable utilities reduce their losses. It has its own top notch in-house R&D recognized by Department of Science and Technology, Government of India that has helped it custom develop a range of highly innovative and sustainable metering products and solutions to mitigate the pain areas of Utilities / DISCOMs. This coupled with multiple advance manufacturing facilities, complete forward and backward integration from plastic parts to final products, automated SMT lines, Lean Assembly techniques and a team of highly qualified and experienced engineers has endowed Genus to dominate the metering segment and be at the forefront of new technology. To learn more, visit www.genus.in.

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 Silver Spring Networks’ relationship and offerings with Genus Power Infrastructures Ltd. 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.