DistribuTECH 2014 - Silver Spring Networks (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, today announced the SilverLink Sensor Network, a new approach to organising, programming and using any data from any sensor network to fuel any application at up to 10x the speed and one-tenth the cost of traditional utility IT infrastructure.
The SilverLink Sensor Network enables utilities and other network operators to connect real-time data to business processes to make smarter and faster business decisions, lower IT costs, create a more agile organisation, and more quickly and cost-effectively launch new business models and services. Able to leverage both Silver Spring and non-Silver Spring networks, specific examples of the SilverLink Sensor Network in action include real-time voltage assessment, load disaggregation, remote temperature monitoring of grid devices, and empowering advanced customer engagement programmes that reach across utility silos via a common platform.
"Our lives are more connected than ever - billions of devices are coming online, producing staggering data volumes. Utility CEOs often tell me that more than 70% of their total enterprise data is already coming from their Smart Grid networks alone. Old, model-based approaches and IT architectures simply can't keep up with the needs of this real-time, continuously connected world," said Scott Lang, Chairman, President and CEO of Silver Spring Networks. "The SilverLink Sensor Network changes the game - we are applying our deep understanding of large-scale networks to real-time big data. We're enabling utilities to develop even deeper connections with their customers, offer innovative new services, and better manage their grid assets and operations."
"Several years ago, OG&E embarked on a transformational journey with Silver Spring. We knew that by creating a continuous connection with our customers, our grid assets, and the data running across our network, we would be able to deliver a more reliable service to our customers and lower our economic and carbon footprints," said Pete Delaney, Oklahoma Gas & Electric. "I'm proud to say OG&E's Positive Energy Smart Grid programme has now been widely embraced by our customers. We are excited for the next generation of technology Silver Spring is bringing to market to help us deliver even more innovative services to our customers, and unlock even more value from the ocean of real-time data that our network is providing."
"Silver Spring's vision and commitment to technology leadership offers great opportunities for the way PG&E will continue to draw value from the smart grid," said Brian Rich, VP of Business Technology, PG&E. "A next-generation data platform such as the one offered by Silver Spring will help enable more innovation, faster deployments, and new applications and services at a lower cost for both energy companies and their customers."
Unlocking smart grid big data for the continuously connected utility
Utilities today are looking to their existing networks to unlock more value, help transform their relationships with their customers, and quickly and cost-effectively develop and deliver new services. Third-party software companies are also seeking a platform upon which they can utilise network data to roll out new energy applications for both utilities and end-consumers.
Silver Spring is leveraging the distributed intelligence, proven scale and award-winning deployments with leaders such as OG&E to deliver one of the industry's first software-defined sensor networks. The SilverLink Sensor Network connects network infrastructure, other AMI infrastructure and back-office data sources to virtualise endpoint devices and make sensor data subscribe-able and accessible via common Internet standards. This approach radically cuts the cost to organise and program sensors to use diverse real-time data to create breakthrough business applications at up to 10x the speed and one-tenth the cost of traditional utility IT infrastructure - making it far easier, less risky and faster to implement the applications that unlock the promise of the smart grid.
The SilverLink Sensor Network will be available as a cloud-based subscription service. Silver Spring is already working with several of its customers to leverage the SilverLink Sensor Network for innovative new services, such as:
* Load disaggregation and deep energy audits
* Real-time voltage assessment
* Remote temperature monitoring
* Improved revenue assurance and non-technical loss analysis
* Customer segmentation and opt-in for price programmes
* Advanced customer engagement programmes
The SilverLink Sensor Network will make vast quantities of previously unavailable data easy for third-party applications to access and utilise, powering myriad new applications and services. Silver Spring plans to make a wide array of new applications readily available to utilities, sensor network operators and consumers through a SilverLink App Store. The SilverLink App Store will initially include existing SilverLink applications such as SilverLink Console, SilverLink MeterOps and SilverLink Network Ops. The SilverLink App Store will also include new applications from Silver Spring and members of its partner community as they come to market. Read the SilverLink partner announcement at: www.silverspringnet.com/press-releases/silverlinkpartner.
Join Silver Spring Networks and its customers and partners to learn more about the new SilverLink Sensor Network and other exciting innovations at the DistribuTECH 2014 Conference, in San Antonio, Texas, from 28 to 30 January 2014.
Additional resources and information
* Get more information on the SilverLink Sensor Network at: www.silverspringnet.com/silverlink
* Read the SilverLink Sensor Network white paper at: www.silverspringnet.com/silverlink
* Read the SilverLink partner announcement at: www.silverspringnet.com/press-releases/silverlinkpartner
* Follow @SilverSpringNet on Twitter
* Like Silver Spring Networks on Facebook at: www.facebook.com/silverspringnetworks
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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 more than 18 million Silver Spring-enabled devices delivered, is connecting utilities to homes and businesses 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, Pacific Gas & Electric, Pepco, 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 and capabilities of the SilverLink Sensor Network; cost savings, speed and other benefits customers may realise from the SilverLink Sensor Network; and the desire for, development and availability of third-party applications. 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 materialise or prove incorrect, could cause Silver Spring Networks' 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 this news release online at: http://www.businesswire.com/news/home/20140127005657/en