REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today, ahead of the 5th Annual Global Internet of Things Day, Silver Spring Networks, Inc. (NYSE:SSNI) announced that Silver Spring President and CEO, Mike Bell, will deliver a keynote address at Internet of Things World at the Santa Clara Convention Center on Tuesday, May 10 at 12:20 pm PDT. Mr. Bell will highlight the IoT opportunities for developers, entrepreneurs, and industry leaders across different verticals through StarfishTM, Silver Spring’s wireless IPv6 network service for the IoT. Starfish enables energy service providers, cities, commercial enterprises and developers to leverage service level agreements (SLAs) to access a proven, reliable, secure and scalable IoT network with over 22.9 million devices delivered to five continents.
“As we celebrate Global IoT Day, we encourage those looking to realize the full potential of this transformation to choose a proven platform that emphasizes features – such as reliability, scalability and security – that the IoT market requires," said Mr. Bell. “We believe the IoT is the greatest innovation opportunity in the world today, the foundation on which cities and businesses of the future will be built.”
According to McKinsey Global Institute, IoT has a potential economic impact of up to $11.1 trillion per year in 2025, and as much as $1.7 trillion per year in 2025 in cities alone. Starfish will first be available in San Jose, Chicago and San Antonio in North America; in Bristol, Copenhagen and Glasgow in Europe; and in Kolkata, India.
In addition to Mr. Bell’s keynote address, Silver Spring will showcase Starfish and Silver Spring’s success in deploying its widely-adopted IPv6 platform and solutions for smart energy, smart cities and other IoT applications during two additional sessions at IoT World:
- Eric Dresselhuys, Silver Spring’s co-founder and EVP of Global Development, will present in the ‘Examining the Industrial IoT Opportunity’ keynote panel on Tuesday, May 10 at 2:20 pm PDT.
- Brandon Davito, Silver Spring’s Vice President of Smart Cities and Street Lighting, will present in the Smart Cities Municipal Management Track on ‘Sharing Best Practices from Successful Partnerships’ on Wednesday, May 11 at 2:20 pm PDT.
- Attendees will also be able to visit Silver Spring’s booth #112 during the show for more information.
For more information on Starfish, please visit www.silverspringnet.com/starfish
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- Learn more about the Wi-Sun Alliance and the value of open standards-based IoT networking at www.wi-sun.org
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 22.9 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, Consolidated 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 performance, capabilities and benefits of Starfish; and the future availability of Starfish in San Jose, Chicago, San Antonio, Bristol, Copenhagen, Glasgow, and Kolkata. 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 negotiation of, and the successful implementation of, definitive agreements between Silver Spring Networks and San Jose, Bristol, Copenhagen, Glasgow, San Antonio, Chicago, and Kolkata, 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.
