|By Business Wire
|August 18, 2014 12:00 AM EDT
Today at the Australian Smart Lighting Summit, Silver Spring Networks,
Inc. (NYSE:SSNI) showcased its vision for the future of smart city and
smart energy infrastructure in Australia. In his presentation, “Street
Lighting Controls: Why They’re Ready Today, Important for Tomorrow and
Critical in Australia,” Mr. CJ Boguszewski, Global Commercial Lead for
Smart City Applications for Silver Spring, highlighted the opportunities
for Australian councils to leverage Internet of Things (IoT) technology
to help modernize critical infrastructure such as intelligent and
adaptive street lighting.
“By establishing an open, standards-based IP network underpinning
multiple applications, from energy to public lighting to traffic light
systems to disaster sensors, cities can leverage network economics to
cost-effectively deploy new smart infrastructure services to their
citizenry over time,” said Boguszewski. “With our smart energy networks
deployed in Victoria, South Australia and Western Australia, the market
has made strides in proving out the critical role technology plays in
helping modernize its energy and municipal infrastructure. The next step
is advancing to more sophisticated IoT applications, and intelligent
street lights are often the onramp to smarter cities.”
Cities today in Australia are faced with costly, ageing infrastructure.
Street lights, for example, can consume as much as 40 percent of a
city’s energy budget. Smart public lighting networks can help drive
reductions of more than 10 percent in street light energy consumption
and can help lower maintenance costs by up to 30 percent. When combined
with LEDs, Silver Spring’s Smart City Solution can help deliver up to 60
percent in energy savings over traditional high-pressure sodium street
lights and can help reduce maintenance costs by up to 35 percent.
Silver Spring’s Smart City Solution is comprised of its proven IPv6
wireless networking platform and management and control software
optimized for smart city devices. In addition to smart street lighting,
cities can leverage the open network platform for the deployment of
additional smart city services over time, greatly lowering long-term
costs and accelerating speed of deployment for these new services for
Silver Spring’s networking platform has connected over 2 million homes
and businesses in Australia to energy providers such as Citipower &
PowerCor, Jemena, United Energy and Western Power, helping improve
energy efficiency and to empower consumers to make smarter energy
decisions. In New Zealand, Silver Spring has been selected by SmartCo, a
consortium of electricity lines companies, to deploy an advanced smart
grid network across New Zealand, and has already begun deployments with
member company WEL Networks. In Asia, the Singapore Power Group is
leveraging a countrywide IPv6 smart infrastructure networking platform
from Silver Spring to allow eligible customers in Singapore to now
choose from a variety of retail energy providers and purchase
electricity at wholesale market prices.
The Silver Spring Smart City Solution has been selected for programs in
global cities including Copenhagen, Dublin, Glasgow, Miami, Oslo, Paris,
and Dongguan in China to help with the economic, environmental, health
and safety, and traffic and transportation challenges they face today.
For more information on Silver Spring’s Smart City solution, please
The Australian Smart Lighting Summit is endorsed by the City of
Melbourne and is being held at the Melbourne Convention & Exhibition
Centre from August 18-19. For more information, please visit: www.lightingconference.com.au.
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 19 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.
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
Networks’ projects in Australia, New Zealand and Singapore, and the
benefits to cities of IoT technology, smart infrastructure and Silver
Spring’s Smart City Solution. 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
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