SAN JOSE, Calif. & HERNDON, Va.--(BUSINESS WIRE)--
Today Silver Spring Networks, Inc. (NYSE:SSNI) announced that it has been selected as a solutions provider by NRTC, which represents more than 1,500 rural electric and telephone utilities and affiliates in 48 states, collectively serving approximately 20 million homes and 50 million residents.
Under the agreement, NRTC will offer Silver Spring’s high-performance, multi-application Gen5 platform to its electric utility membership. The agreement will allow NRTC to offer reliable two-way advanced metering infrastructure (AMI) and other future smart grid and related applications.
“We are honored to partner with NRTC to offer cooperative utilities across the U.S. our innovative technology being used by some of the world’s leading utilities on five continents,” said Mike Bell, President and CEO, Silver Spring Networks. “Silver Spring’s open standards-based platform helps ensure that we can provide all customers – regardless of their size or service territory – the best performance and flexibility to connect meters and a wide range of advanced end-devices, while also future-proofing for any services that they may consider down the road.”
“NRTC’s members require technology that is reliable, cost effective and scalable to meet their current and future needs,” said Tim Bryan, CEO, NRTC. “We look forward to continuing our leadership in helping members build, maintain and enhance communications networks that empower both utility and broadband applications by offering Silver Spring’s high-performance, multiple-application solution on a national scale.”
With over 25.5 million enabled devices delivered on five continents, Silver Spring works with cooperative, public power and municipal utilities including American Municipal Power, Choptank Electric Cooperative, City Utilities of Springfield, CPS Energy, Modesto Irrigation District, New Braunfels Utilities, Sacramento Municipal Utility District and Snohomish County Public Utility District, to deliver its proven, reliable and IPv6 standards-based platform.
NRTC has provided smart grid and AMI solutions to its members for 15 years, deploying nearly 3.5 million endpoints using a variety of solutions and technologies. NRTC provides a wealth of support for its members, including project management, network construction and management, ordering fulfillment, and technical support.
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About Silver Spring Networks
Silver Spring Networks enables the Internet of Important Things™ by reliably and securely connecting things that matter. Cities, utilities, and companies on five continents use the company’s cost-effective, high-performance IoT network and data platform to operate more efficiently, get greener, and enable innovative services that can improve the lives of millions of people. With more than 25.5 million devices delivered, Silver Spring provides a proven standards-based platform safeguarded with military grade security. Silver Spring Networks’ customers include Baltimore Gas & Electric, CitiPower & Powercor, ComEd, Consolidated Edison, CPS Energy, Florida Power & Light, Pacific Gas & Electric, Pepco Holdings, and Singapore Power. Silver Spring has also deployed networks in Smart Cities including Copenhagen, Glasgow, Paris, Providence, and Stockholm. To learn more, visit www.ssni.com.
About NRTC
We are Member Driven and Technology Focused. NRTC provides solutions that help our 1,500 electric and telephone members bring all of the advantages of today’s evolving technology to rural America.
NRTC’s solutions are developed specifically to meet the needs of rural utilities and their customers, and include integrated smart grid and utility solutions, advanced energy, broadband infrastructure and managed network services, wireless technologies and programming distribution capabilities for video and broadband providers.
NRTC helps ensure our members' success by aggregating their individual buying power, negotiating national contracts, helping members integrate technology solutions with their existing infrastructure and supporting members following implementation.
NRTC members also earn capital credits from their patronage of NRTC, and NRTC has paid or retired over $100 million to NRTC members in the past decade. For more information, visit www.nrtc.coop/.
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 of Silver Spring’s engagement with NRTC, and the performance and benefits of Silver Spring’s technology. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170405005329/en/
