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Jamaica Public Service Company Selects Silver Spring Networks for Smart Grid Program
[May 09, 2016]

Jamaica Public Service Company Selects Silver Spring Networks for Smart Grid Program


Silver Spring Networks, Inc. (NYSE:SSNI) today announced that it has been selected by Jamaica Public Service Company Limited (JPS), an integrated electric utility company and the sole distributor of electricity in Jamaica serving over 600,000 residential and C&I customers, for its smart grid program. In line with Jamaica's National Energy Policy 2009 - 2030, which emphasizes energy conservation and efficiency goals, JPS will deploy Silver Spring's open standards-based platform and SilverLink Software-as-a-Service to help ensure better grid reliability, improve operational efficiency and drive revenue realization. The project is also expected to empower JPS customers to manage their energy costs more effectively through a web portal with more timely and granular insights into their energy use. The initial phase of the project is expected to begin this summer, targeting 21,000 homes and businesses in seven parishes across the island.

JPS will also be able to leverage Silver Spring's multi-application platform to deliver future applications such as smart street lights, expand Pre-Pay options, TOU billing, distribution automation and other smart city and home functionalities across Jamaica, helping to further improve reliability.

"We are thrilled to partner with an industry leader like Silver Spring Networks to deliver Jamaica's smart grid program," said Kelly Tomblin, President and CEO, JPS. "Silver Spring's multi-application platform and solutions will help JPS realize its goal of delivering customer satisfaction at the highest level by providing a tool that will facilitate the best possible efficiency, reliability, and benefits for our customers now and in the future."

"It is an honor to partner with JPS to overcome the industry-wide challenge of energy loss and to help provide better quality of service for its customers across Jamaica," said Eric Dresselhuys, EVP of Global Development, Silver Spring Networks. "The breadth of Silver Spring's offerings, combined with the speed of deployment, is cutting-edge compared with other technologies. By selecting an open, standards-based platform, we can help ensure that Jamaica's interests will be protected for years to come."

Silver Spring's open, standards-based technology helps utilities tailor and scale smart energy solutions to meet their program objectives. Silver Spring has delivered 23.6 million critical infrastructure solution across dramatically varied dense urban and rural topographies on five continents, including across islands that face remote location and other unique challenges.



For more information, please visit http://www.silverspringnet.com/solutions/smart-utilities/

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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 23.6 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, 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 benefits of Silver Spring Networks' IPv6 platform and solutions, and the scope, benefits and timing of Silver Spring's engagement with Jamaica Public Service Company Limited. 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 successful implementation and deployment of the JPS engagement, 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.


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