Silver Spring Networks Named Frost & Sullivan Asia-Pacific Smart Utility Platform Provider of the Year
October 09 2017 - 8:30AM
Business Wire
Standards-Based Platform Pioneer Honored for
Smart Grid and Smart Utility Initiatives for Second Consecutive
Year
Silver Spring Networks, Inc. (NYSE: SSNI) today announced
that it has been recognized as the Asia-Pacific Smart Utility
Platform Provider of the Year by Frost & Sullivan. Frost &
Sullivan selected Silver Spring Networks for its multi-purpose
platform that can develop, run, and manage a variety of
applications across electricity, water, and gas networks, aimed at
improving operational efficiency and designed to expand to future
applications such as smart street lights and other smart city
services. With proven reliability, security, and scalability,
Silver Spring’s IPv6 standards-based platform has been helping
connect devices in some of the most rigorous environments in the
world, seamlessly integrating assets across a utility or city, and
providing improved levels of service to consumers.
This is the second year in a row that Silver Spring Networks has
received an Asia-Pacific regional award from Frost & Sullivan
for its smart grid and smart utility initiatives. In 2016, Silver
Spring received the Frost & Sullivan Asia-Pacific Smart Grid
Service Provider of the Year Award.
“Until recently, utility customers in the region have only been
exposed to vertical solutions, which has meant lower lifecycle
value from their investment and, very often, vendor lock-in
resulting in limited functionality,” said Alex Beveridge, General
Manager – Asia Pacific, Silver Spring Networks. “The increasing
adoption of open, standards-based technology means that energy
providers in the Asia Pacific region can unlock the smart grid
market and use this same technology to evolve to other industrial
Internet of Things initiatives over time. We are thrilled that
Silver Spring Networks has been recognized by Frost & Sullivan
as the example of a platform-based solution that can offer these
utility customers future value.”
“Silver Spring Networks is a leading smart utilities provider
offering an open standards-based platform for applications such as
electric, water, smart street lights, and industrial IoT. The
platform is renowned for its advanced technology that can
interoperate with a wide range of products from a broad range of
global and local partners, ensuring high performance, reliability,
and security,” said Avanthika Satheesh, Industry Analyst, Energy
& Environment, Frost & Sullivan. “In 2016, the company
showed remarkable momentum in Asia Pacific, primarily attributed to
the smart utility projects with CESC Limited in India, SP Group in
Singapore, and for customers in the State of Victoria. All these
factors have helped Silver Spring Networks to achieve success in
the smart utility platform market in the region.”
With more than 2.9 million enabled devices delivered in Asia
Pacific, Silver Spring has demonstrated solid progress in the
region. Within the past year, Silver Spring has announced the
expansion of its existing programs with customers CESC India and
Singapore Power. Elsewhere in the region, Silver Spring smart
utility customers include AusNet Services, CitiPower &
Powercor, Horizon Power, Jemena, SmartCo, Unison, United Energy,
WEL Networks, and Western Power. In total, Silver Spring Networks
has more than 26.7 million enabled devices delivered across five
continents.
Join Silver Spring Networks’ Conversation
- Read more on the Silver Spring Connect
blog at www.ssni.com/blog/
- Follow @SilverSpringNet on Twitter
- Like Silver Spring Networks on Facebook
at www.facebook.com/silverspringnetworks
- Learn more about the Wi-Sun Alliance
and the value of open standards-based IoT networking at
www.wi-sun.org
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.
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 of Silver Spring’s platform, solutions and services and
the performance of Silver Spring’s platform. 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 Nunnemacher, 669-770-4183Global
Communicationspr@ssni.com
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