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Silver Spring Networks Extends Internet of Things Technology Platform With Gen5 Networking AdvancementsToday at the DistribuTECH conference and expo, Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 - its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communication on both 900 MHz and 2.4 GHz frequencies, integrating 4G LTE (News - Alert) communications, and delivering simplified modularity for easier device integration. These Gen5 platform enhancements, coupled with Silver Spring's existing multi-application, range, latency, scale, distributed intelligence, and power optimization capabilities, further enable utilities, cities and other Internet of Things (IOT) device and application providers to deliver multiple applications on a single, unified network without compromising reliability, speed, security, or cost. "With a global footprint of over 22 million devices delivered, we are not just talking about concepts for the Internet of Things, but are delivering high-performing, reliable and secure platforms and solutions that have a demonstrated track record at-scale. With today's enhancements, we are taking that technology leadership to new heights," said Don Reeves, EVP of Engineering and Managed Services, Silver Spring Networks. "Utilities and cities are deploying some of the most advanced Internet of Things networks on earth. We are committed to building on our proven track record of innovation to deliver the performance, security, scalability, and flexibility they need to unlock even more benefits for their customers and communities." Gen5 - Continuing to Raise the Industry Bar Utilities, cities, and other IOT device and application providers need the performance, security, flexibility, and scalability to connect millions of devices across vast and diverse geographies with near-real time data collection and distributed intelligence at the edge. Silver Spring's Gen5 networking platform has already set the industry standard for massive-scale critical infrastructure networks and today's enhancements unlock even more benefits, including:
Starfish - An International IPv6 Network for the Internet of Things Silver Spring also recently announced StarfishTM, an international wireless IPv6 network service for the IOT. Building on Silver Spring's global network footprint, Starfish will enable commercial enterprises, cities, utilities, and developers to access a reliable, secure, and scalable IOT network service with service level agreements (SLAs) that meet their needs. Leveraging Gen5 technology and the 802.15.4g standard, Starfish sets a new standard for IoT networks by delivering up to 2.4 Mbps in speed, 10 millisecond latency, up to 50 miles in point-to-point range, nearly limitless mesh range, multiple network transports, and industrial-grade security, reliability, and scalability. Starfish will also provide world-class device and application management and control functions, an IoT-scale data platform, and access to one of the industry's largest open partner ecosystems. While many other IoT network offerings suffer from extremely limited bandwidth, are based on proprietary technology, face severe reliability and scalability challenges, and offer virtually no modern security, Starfish combines a globally proven Internet of Things networking platform with full Service Level Agreements and brings industrial-grade security to every device. As part of Starfish's larger set of tiered service offerings, Silver Spring also introduced the Haiku™ service plan, which will deliver 5000 messages x 16 bytes per month for free, ideal for users with smaller data needs who wish to access a proven IoT service. For more information on Starfish, please visit www.silverspringnet.com/starfish. For more info on Gen5, please visit www.silverspringnet.com/gen5. The enhanced Silver Spring MicroAP and SocketAP are expected to be available in 2016. To learn more, please visit us at DistribuTECH 2016 Booth # 1522 on February 9-11 in Orlando, FL. Join the Silver Spring Networks Conversation
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 more than 22.9 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. 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 performance, capabilities and benefits of Silver Spring Networks' Gen5 networking platform, Gen5-based products, Starfish, and Haiku; and the expected availability of MicroAP and SocketAP. 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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