Sep 11, 2017   SOURCE: BusinessWire

Silver Spring Networks Announces Agreement with Acuity Brands to Forge Smart City and IoT Development

Today at the IES Street & Area Lighting Conference, Silver Spring Networks, Inc. (NYSE: SSNI) announced that Acuity Brands, Inc. (NYSE: AYI), through its subsidiary Acuity Brands Lighting, Inc., is a new technology and channel partner. Acuity Brands’ field sales organization will deliver Silver Spring’s technology for smart street lights and smart city services as part of its turn-key offering for large-scale customers including utilities and cities. This includes Silver Spring’s Gen5 networking platform, Streetlight.Vision control management software (CMS), and the ability to provide end-customers smart lighting and smart city solutions delivered through Silver Spring’s Network-as-a-Service (NaaS) platform. Silver Spring’s NaaS platform allows cities and utilities to avoid upfront capital equipment and deployment costs as well as reduce operational and management expenditures.

The two industry leaders also announced upcoming U.S. availability of their integrated street light solution, the DTL® DSN intelligent photocontrol from Acuity Brands. The solution integrates Silver Spring’s standards-based, IPv6 networking platform with an enhanced version of the DLL Elite™ long-life, LED-compatible photocontrol from Acuity Brands. The DTL DSN intelligent photocontrol offers customers enhanced control features including remote brightening and dimming.

“We’re delighted about our partnership with Acuity Brands which will allow us to extend our proven platform for large-scale customers, and to help these customers more quickly improve reliability of their services, better manage operating costs and drive new energy savings and sustainability initiatives,” said John Marcolini, Vice President, Product Management, Silver Spring Networks. “We believe that collaboration is a key aspect for both cities and technology companies working in the smart city market, and this approach will help ensure that innovation and the benefits it provides to customers remain the key focus. Our platform offerings allow deployments of applications such as street lights to evolve over time, giving our customers flexibility to add new smart city services in the future.”

Providing a common foundation for smart city, smart utility and industrial IoT applications enables the platform benefits to increase with each new application that is added. For example, by deploying an initial application such as smart street lights across a city, a broad network canopy is created that can be leveraged to connect additional applications such as smart traffic systems, environmental sensors, and digital signage. With the network infrastructure already in place, new applications and services can be brought to market at an accelerated pace, with a lower cost barrier to entry.

A proven leader for smart city programs globally, Silver Spring Networks delivers smart street lights for North America and Caribbean utilities including Baltimore Gas and Electric, ComEd, Jamaica Public Service Company, Oklahoma Gas & Electric, Pepco Holdings Inc., and Florida Power and Light Company, for what is believed to be the largest connected street lighting project in the world. Silver Spring also connects critical infrastructure devices in cities such as Bristol, Copenhagen, Dubai, Glasgow, Halifax, London, Melbourne, Mexico City, Paris, Providence, Sao Paulo, Singapore, and Washington D.C., among others.

For more information, please visit Silver Spring Networks at Booth # 42 at the IES Street and Area Lighting Conference on September 11–13 in Austin, TX. Or, visit www.ssni.com/solutions/smart-cities/.

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 Acuity Brands

Acuity Brands, Inc. (NYSE: AYI) is the North American market leader and one of the world’s leading providers of lighting and building management solutions. With fiscal year 2016 net sales of $3.3 billion, Acuity Brands currently employs approximately 12,000 associates and is headquartered in Atlanta, Georgia with operations throughout North America, and in Europe and Asia. The Company’s products and solutions are sold under various brands, including Lithonia Lighting®, Holophane®, Peerless®, Gotham®, Mark Architectural Lighting™, Winona® Lighting, Juno®, Indy™, Aculux®, Healthcare Lighting®, Hydrel®, American Electric Lighting®, Carandini®, Antique Street Lamps™, Sunoptics®, Distech Controls®, Acuity Controls™, nLight®, ROAM®, Sensor Switch® and Atrius™. Visit us at www.acuitybrands.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 of Silver Spring’s engagement with Acuity Brands; the performance, capabilities and benefits of Silver Spring Networks’ Starfish platform and service models as part of smart city and municipal street lighting solutions offerings. 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’ respective 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.