U.S. District Court Awards Over $600,000 in Costs to Silver Spring Networks in Patent Suit
July 27 2016 - 8:30AM
Business Wire
Silver Spring Networks, Inc. (NYSE:SSNI) today announced that
the United States District Court for the Eastern District of Texas
has awarded Silver Spring Networks $614,150.70 in costs, to be paid
by EON Corp. IP Holdings, LLC. The order follows the decision of
the United States Court of Appeals for the Federal Circuit
reversing a judgment from the District Court in Texas regarding
patent claims covering wireless communication. Silver Spring
Networks, as the prevailing party, is entitled to recovery of
certain costs under the Federal Rules of Civil Procedure.
“The court’s order is a victory for Silver Spring Networks and
we are delighted with the award,” said Rick Arnold, General
Counsel, Silver Spring Networks. “We believe in Silver Spring’s
technology and will continue to vigorously defend ourselves, and
our customers, against these types of lawsuits.”
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About Silver Spring Networks
Silver Spring Networks is a leading networking and solutions
provider for the Internet of Things. Silver Spring’s pioneering
IPv6 networking platform, with over 23.6 million devices delivered,
connects a range of applications for some of the world’s leading
utilities and major cities. Silver Spring’s open-standards platform
enables multiple applications and services to leverage a common
network, control, and data platform to help drive smart energy,
smart city, and broader Internet of Things applications to help
address the next wave of global challenges impacting water, energy,
transportation, and public health and safety. Silver Spring
Networks’ customers include utilities such as Baltimore Gas &
Electric, CitiPower & Powercor, Commonwealth Edison,
Consolidated Edison, CPS Energy, Florida Power & Light, Jemena
Electricity Networks Limited, Pacific Gas & Electric, Pepco
Holdings, Progress Energy, and Singapore Power, and cities such as
Copenhagen, Glasgow, and Paris. To learn more, please visit
www.ssni.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
Silver Spring’s beliefs regarding the final outcome of the EON
matter. 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.
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Silver Spring NetworksAmy Cook, 669-770-4183Global
Communicationsacook@ssni.com
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