Silver Spring Networks Expands Smart City Solution, Introduces New Network-as-a-Service Offering
November 19 2013 - 12:01AM
Business Wire
Helping Cities Achieve Economic Growth Goals
and Improve Sustainability, Health and Safety, and Traffic and
Transportation for Citizens
Silver Spring Networks, Inc. (NYSE:SSNI),
a leading networking platform and solutions provider for
smart energy networks, today announced it is expanding its Smart
City solution and introducing a new Network-as-a-Service offering
to enable cities to rapidly and cost-effectively deploy new Smart
City services to their citizens. Silver Spring’s Smart City
solution helps cities around the world address specific economic,
environmental, health and safety, and traffic and transportation
challenges they are facing today. To learn more about Silver
Spring’s Smart City solution please visit Booth #E-537 or
www.silverspringnet.com/smartcities.
Unlocking Value for Cities With New Network-as-a-Service
Offering
Cities worldwide face unprecedented budgetary pressures, coupled
with the need to deliver enhanced services to their community.
Silver Spring is introducing a new Network-as-a-Service offering
where it will deploy, manage and operate Smart City networks on
behalf of cities, allowing them to avoid upfront capital equipment
and deployment costs as well as reduce operational and management
expenditures. Silver Spring’s offering reduces the risk of unwieldy
and complex projects and allows cities to leverage the same network
for the deployment of additional Smart City applications over time,
greatly lowering long-term costs and accelerating speed of
deployment for these new services.
“Silver Spring’s decade of leadership delivering some of the
world’s largest outdoor IPv6 networks perfectly positions us to
help cities deploy high-performance, scalable, and secure Smart
City networks today,” said Eric Dresselhuys, Executive Vice
President of Global Development, Silver Spring Networks. “Our new
Network-as-a-Service offering delivers game-changing economics,
reduces risk, and allows cities to self-fund their Smart City
network. And our proven ability to support multiple smart
infrastructure applications on a single network delivers ongoing
value and outstanding return on investment.”
Silver Spring’s Smart City solution is comprised of its proven
IPv6 wireless networking platform and management and control
software optimized for Smart City devices, delivered via a new
Network-as-a-Service offering that enables cities to quickly and
easily deploy Smart City services to their citizens. Silver Spring
intends to integrate its Smart City solution with device and
software partners around the world, including Citelum, LED Roadway
Lighting, SELC, Streetlight.Vision, and Sunrise Technologies, among
others.
Delivering a Networking Platform Optimized for Smart City
Applications
Silver Spring’s Smart City solution helps cities tackle some of
the most pressing challenges they confront today:
- Environmental Sustainability:
Silver Spring’s Smart City solution enables cities to dramatically
improve energy efficiency and reduce consumption via smart lighting
and smart energy solutions, electric vehicle charging networks,
connected-CO2 sensors, programs helping citizens make smart energy
choices, and other sustainability solutions.
- Health and Safety: Silver
Spring’s Smart City solution enables smart lighting networks to
coordinate with traffic control systems in emergency situations for
remote on/off, dimming, on-demand brightening, blinking, and
notification capabilities. Additional applications could include
electrical voltage, natural gas, and water leak monitoring
systems.
- Traffic and Transportation
Management: Congestion relief and revenue collection is a
significant opportunity for cities. Silver Spring’s Smart City
solution is designed to help cities achieve this goal as they
network smart parking meters, traffic control systems, mass-transit
networks, and smart transit shelters at public transportation
depots.
- Achieving Economic Growth: The
compelling economics of Silver Spring’s Smart City solution permits
cities to invest proven operational and cost savings into
additional Smart City applications for their citizens. Silver
Spring’s open, standards-based solution, coupled with the
insight-rich data delivered across the network, helps create a
platform for entrepreneurs and software developers to bring
additional innovations and value to the community. This also helps
cities to further attract business investment, draw more skilled
talent, and make themselves more economically competitive.
Silver Spring’s Smart City solution has been selected for
projects in iconic cities such as Paris and Copenhagen. In Paris,
Silver Spring has been selected for an advanced street lighting and
traffic controls program as the city seeks to reduce its public
lighting energy consumption by 30% over the next 10 years.
Copenhagen, often referred to as the world’s most sustainable city,
is looking to Silver Spring to deploy a citywide canopy network to
connect more than 20,000 street lights and create a platform for
future Smart City services.
About Silver Spring Networks
Silver Spring Networks (NYSE: SSNI)
is a leading networking platform and solutions
provider for smart energy networks. Silver Spring’s pioneering IPv6
networking platform, with 17.5 million Silver Spring enabled
devices delivered, is connecting utilities to homes and businesses
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.
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
benefits cities may achieve from Silver Spring’s Smart City
solution, as well as Silver Spring’s engagements with Citelum, LED
Roadway Lighting, SELC, Streetlight.Vision, Sunrise Technologies,
Paris and Copenhagen. 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.
Silver Spring NetworksNoel Hartzell, 650-839-4184Global
Communicationsnhartzell@silverspringnet.com
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