Today at the Asian Utility Week conference, Silver Spring Networks, Inc.
(NYSE:SSNI) announced an expanded relationship with EDMI Ltd., a global
smart meter solution provider, to offer smart city and smart energy
solutions in several new regions. Following the successful first phase
of deployment with the Singapore Power Group, Silver Spring and EDMI
will offer their integrated solutions in Australia and New Zealand,
Europe and Southeast Asia. Through the expanded relationship, Silver
Spring will also leverage EDMI devices as control nodes to help manage
and monitor intelligent street lights as part of the Silver Spring Smart
"Asia is home to some of the most rapidly growing cities on earth and,
along with this growth, we are seeing unprecedented demand for
infrastructure modernization in new regions, and for new smart energy
and smart city applications," said Eric Dresselhuys, Executive Vice
President of Global Development and Sales, Silver Spring Networks. "EDMI
is an industry leader in Asia, Australia and New Zealand, and Europe,
and we're delighted to expand our partnership to ensure we are offering
more choice to our smart city and smart grid customers across the globe."
"Silver Spring is widely recognized as a market leader and, in
partnership with EDMI in Singapore, has successfully begun delivering
one of the region's most sophisticated energy network modernization
projects," said KM Lee, Group Managing Director, EDMI. "Building on that
success, we are proud to extend our partnership with Silver Spring to
meet the growing demands in Asia, Australia and New Zealand, and Europe.
Silver Spring's open, IPv6 platform is proven worldwide and we are
excited to jointly deliver new innovations to a wider customer base."
Silver Spring has connected over 18.5 million homes and businesses
across five continents, and works with leading utilities across the
world and global cities including Copenhagen, Dublin, Miami, Oslo,
Paris, and Donnugan and Foshan in China, to deploy smart city
applications such as intelligent and adaptive street lights. With more
than 125 partners in the Silver Spring Partner Program, the open,
standards-based Silver Spring IPv6 network offers customers choice and
support across a broad range of smart infrastructure vendors.
For more details on partnering with Silver Spring Networks, please visit www.silverspringnet.com/partners.
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About Silver Spring Networks
Silver Spring Networks is a leading networking platform and solutions
provider for smart energy networks. Silver Spring's pioneering IPv6
networking platform, with over 18.5 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.
EDMI Limited is one of the leading smart metering solutions providers in
the world. EDMI is focused on designing, developing and manufacturing
innovative and technologically advanced energy meters and metering
systems for the global utility industry. EDMI's metering portfolio
includes a comprehensive range of premium quality metering products,
advanced infrastructure and energy management systems. With over 30
years' experience of manufacturing smart meters and millions of EDMI
smart meters installed worldwide, EDMI's products are tried and tested,
giving customers the confidence of working hand in hand with a company
with a proven track record. EDMI is owned by Osaki Electric Co., Ltd., a
Japanese metering solutions provider listed on the Tokyo Stock Exchange.
For more information, visit www.edmi-meters.com.
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 EDMI. 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
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