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Silver Spring Networks and Metrix Selected by Trustpower for Advanced Metering Program in New ZealandSilver Spring Networks (NYSE: SSNI) today announced that Silver Spring has been selected by Metrix, a leading metering service provider and a division of Mighty River Power, to partner with Metrix in delivering Advanced Metering Infrastructure (AMI) services for Trustpower, an electricity generator and energy and telecommunications retailer serving over 225,000 customers across New Zealand. The deployment will leverage Silver Spring's multi-application, standards-based IPv6 networking platform and deliver two-way communications. "Silver Spring is proud to be a preferred technology partner to Metrix, enabling Metrix to provide a leading multi-application service to its customers, such as Trustpower," said Andrew Vlachiotis, Vice President of Asia-Pacific Sales, Silver Spring Networks. "We look forward to extending our presence in New Zealand to help bring customers more choice and a higher level of service through smart grid applications." "Silver Spring's standards-based platform offers Metrix and its customers flexibility from an operational standpoint, while also offering the opportunity for Metrix to grow our capabilities over time to potentially include additional services for electricity providers, such as load disaggregation, and other services for water utilities and for smart city services such as intelligent street lights," said Matt Olde, CEO of Metrix. This furthers the joint deployment in New Zealand by Silver Spring and Metrix, with Silver Spring's platform being utilized by Metrix in the Northpower and Wellington Electricity networks to deliver services to retailer Mercury Energy, as well as delivering smart metering-as-a-service to multiple retailers alongside distribution network owner, Counties Power. p> 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 over 20 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 scope and benefits of Silver Spring Networks' engagement with Metrix and Trustpower. 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 the successful implementation and deployment of the engagement with Metrix and Trustpower, as well as 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. |
