Silver Spring Networks Expands Smart Grid Project With EDP Distribuição in Portugal
September 25 2013 - 8:30AM
Business Wire
Proven IPv6 Networking Platform for Advanced
Metering and Distribution Automation Initiatives
Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking
platform and solutions provider for smart energy networks, today
announced it is entering the next phase of the project to provide a
foundational networking platform supporting a new EDP
Distribuição smart grid initiative in Portugal. The project will
take place in the municipality of Batalha and is part of EDPâs
continued implementation of smart grid technology following the
successful and award-winning InovGrid initiative. The project will
combine advanced Distribution Automation features to minimize
customer interruptions together with consumption and
generation-intensive duty-cycle automated meter reading, enabling
new customer services and a smarter integration of distributed
generation supported by an active distribution system management,
all using the same standards-based communications platform. Silver
Springâs open, IPv6 networking platform enables utilities of all
sizes and across all geographies to deploy a broad set of smart
grid applications atop a common platform.
âWeâre proud to help EDP Distribuição unlock more value
and better serve their customers with our proven, market-leading
smart grid networking platform,â said Scott Lang, Chairman,
President and CEO, Silver Spring Networks. âWe look forward to
continued success in our project and helping EDP Distribuição
continue to transform its power grid.â
âWe believe that Silver Spring is a partner that can help us
to achieve our smart grid vision in this new project,â said João
Torres, CEO of EDP Distribuição. âSilver Spring's
multi-application networking platform has demonstrated its
performance in a previous pilot project and we now want to extend
it to more customers and deliver a wide array of advanced smart
grid services.â
The Silver Spring Smart Energy Platform ensures seamless and
system-wide connectivity and interoperability, establishing a
foundation for multiple smart grid solutions to be deployed atop a
common IPv6 network. Utilities benefit from improved operational
efficiency, greater grid reliability, increased energy efficiency,
and the ability to empower their consumers to take greater control
over their energy consumption. This networking platform can be
rapidly scaled across a diverse service territory, allowing
utilities to quickly and economically expand their smart
grid services offerings and add new solutions on the same,
standards-based platform. For more information please visit
www.silverspringnet.com/solutions.
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About Silver Spring Networks
Silver Spring Networks (NYSE: SSNI)
is a leading networking platform and solutions
provider for smart energy networks. Silver Springâs pioneering
IPv6 networking platform, with 17 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 Springâs 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, and Progress
Energy, among others. To learn more, please
visit www.silverspringnet.com.
Forward-Looking Statements
This press release contains forward-looking statements about
Silver Spring Networksâ expectations, plans, intentions, and
strategies, including, but not limited to statements regarding the
scope and duration of Silver Springâs project with EDP
Distribuição. Statements including words such as "anticipate",
"believe", "estimate", "expect" or âfutureâ 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' Form 10-Q for the quarter ended June 30, 2013 filed with
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.
Silver Spring NetworksNoel Hartzell, 650-839-4184Global
Communicationsnhartzell@silverspringnet.com
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