July 2, 2014
Silver Spring Networks, Inc. (NYSE:SSNI) announced that GridSense, Inc., an Acorn Energy company, will integrate the GridSense transformer monitoring solution with Silver Spring's multi-application networking platform to enable more cost-effective, secure and intelligent transformer monitoring for utilities. The new offering within Silver Spring's Grid Management solution creates mission critical intelligence for grid operation via the in-depth data captured by the GridSense transformer monitoring solution, resulting in cost savings from optimal use of grid assets and increased operational efficiencies through automation.
The integration of Silver Spring's IPv6 networking platform and GridSense's transformer monitoring solution means that utilities can make better grid management decisions with more precise intelligence, including energy measurement, theft detection, loading, harmonics, and fault analysis.
'We welcome GridSense to the Silver Spring Partner Program - their solution is easy to install to help utilities modernize their aging distribution infrastructure,' said Don Reeves, Executive Vice President of Engineering and Managed Services, Silver Spring Networks. 'With Silver Spring's networking platform providing continuous connectivity and data, the new solution will give utilities the ability to do continuous monitoring at the edge of the grid and send this intelligence back to the hands of the operators for immediate action, resulting in increased reliability for customers.'
'GridSense provides real-time continuous intelligence for distribution transformers to prevent overload, identify imbalances and accurately determine end of line voltage,' said Brett Sargent, President and COO of GridSense. 'We are excited to partner with Silver Spring Networks, a global smart grid leader, to bring utilities enhanced reliability and efficiency to the grid.'
With more than 65 partners, the Silver Spring Partner Program is delivering comprehensive smart grid solutions, to help connect over 18.5 million IPv6-enabled devices across five continents.
For more details on partnering with Silver Spring Networks please visit www.silverspringnet.com/partners.
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.
This press release contains forward-looking statements about Silver Spring Networks' and Acorn Energy/GridSense's expectations, plans, intentions, and strategies, including, but not limited to statements regarding Silver Spring Networks' offerings with GridSense, the performance and capabilities of the integrated offering, and benefits utilities may realize from the integrated offering. 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' or Acorn Energy's documents filed with or furnished to the Securities and Exchange Commission, as applicable. All forward-looking statements in this press release are based on information available to Silver Spring Networks and Acorn Energy as of the date hereof. Neither Silver Spring Networks nor Acorn Energy assumes any obligation to update these forward-looking statements.
For more information:
Silver Spring Networks, Inc.
555 Broadway Street
Redwood City, California
United States, 94063
Contact person: Amy Cook, Global Communications
Silver Spring Networks