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TMCNet:  Silver Spring Networks Partners with Metrix for Innovative Smart Metering-as-a-Service Model

[September 18, 2013]

Silver Spring Networks Partners with Metrix for Innovative Smart Metering-as-a-Service Model

AUCKLAND, New Zealand & REDWOOD CITY, Calif. --(Business Wire)--

Silver Spring Networks, Inc. (NYSE:SSNI), a leading networking platform and solutions provider for smart energy networks, today announced a partnership with Metrix, a leading metering service provider, to leverage the Silver Spring networking platform to deliver smart metering-as-a-service to retail energy providers. The first joint deployment between Silver Spring and Metrix will be for Counties Power, a lines company serving more than 37,000 customers in New Zealand's North Island. Metrix, a division of Mighty River Power, has successfully deployed more than 330,000 smart meters in the greater Auckland area and is expanding into other areas to meet the increasing demand for smart metering services.

Counties Power is leveraging Silver Spring's Gen4 networking technology for smart metering and smart grid deployments. In New Zealand's disaggregated energy market, lines companies oversee energy distribution while energy retailers are responsible for deploying smart meters to end customers. Counties Power and Metrix will partner to utilise Silver Spring's networking platform and UtilityIQ™ head-end software to deliver smart metering-as-a-service to their energy retailer clients.

"Metrix is proud to be partnering with Silver Spring Networks to deliver advanced metering-as-a-service to retailers in the Counties Power network," said Tim O'Halloran, General Manager, Metrix. "Silver Spring's Gen4 technology is a proven platform and enables our retail customers to deliver comprehensive energy information to consumers so they can better understand their usage and, in turn, control their bills."

Counties Power is also expected to utilise Silver Spring's platform to improve the reliability and performance of its network, enable faster outage detection and restoration, and deliver improved power quality to its customers. On the demand side, Counties Power's customers will be able to take greater control of their electriity consumption and their bills through the latest smart grid technology.

"Counties Power looks forward to using the Silver Spring and Metrix solution to improve the reliability and consistency of service for our customers," said Neil Simmonds, CEO, Counties Power. "Counties Power will also use the platform and its new smart meters to minimise future network capital costs and, therefore, prices over the next decade."

"We are delighted to collaborate with Metrix in New Zealand, coupling the market's most advanced technology with innovative new business models to better serve customers," said John Garner, Country Manager, Australia and New Zealand, Silver Spring Networks. "The complexity of disaggregated markets is no longer a barrier to unlocking smart grid benefits for energy distributors, retailers, and consumers, and we are proud to be a driving force behind this recent market momentum."

The joint Silver Spring and Metrix deployment with Counties Power is scheduled to begin in late 2013.

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About Silver Spring Networks

Silver Spring Networks (NYSE:SSNI) is a leading networking platform and solutions provider for smart energy networks. Silver Spring's pioneering IPv6 networking platform, with 17 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 Silver Spring's engagement with Metrix and Counties Power. 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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