Silver Spring Networks Named Frost & Sullivan Asia-Pacific Smart Utility Platform Provider of the Year

Standards-Based Platform Pioneer Honored for Smart Grid and Smart
Utility Initiatives for Second Consecutive Year

SAN JOSE, Calif. & SINGAPORE–(BUSINESS WIRE)–#SCWDC–Silver Spring Networks, Inc. (NYSE: SSNI) today announced that it has
been recognized as the Asia-Pacific Smart Utility Platform Provider of
the Year by Frost & Sullivan. Frost & Sullivan selected Silver Spring
Networks for its multi-purpose platform that can develop, run, and
manage a variety of applications across electricity, water, and gas
networks, aimed at improving operational efficiency and designed to
expand to future applications such as smart street lights and other
smart city services. With proven reliability, security, and scalability,
Silver Spring’s IPv6 standards-based platform has been helping connect
devices in some of the most rigorous environments in the world,
seamlessly integrating assets across a utility or city, and providing
improved levels of service to consumers.

This is the second year in a row that Silver Spring Networks has
received an Asia-Pacific regional award from Frost & Sullivan for its
smart grid and smart utility initiatives. In 2016, Silver Spring
received the Frost
& Sullivan Asia-Pacific Smart Grid Service Provider of the Year Award.

“Until recently, utility customers in the region have only been exposed
to vertical solutions, which has meant lower lifecycle value from their
investment and, very often, vendor lock-in resulting in limited
functionality,” said Alex Beveridge, General Manager – Asia Pacific,
Silver Spring Networks. “The increasing adoption of open,
standards-based technology means that energy providers in the Asia
Pacific region can unlock the smart grid market and use this same
technology to evolve to other industrial Internet of Things initiatives
over time. We are thrilled that Silver Spring Networks has been
recognized by Frost & Sullivan as the example of a platform-based
solution that can offer these utility customers future value.”

“Silver Spring Networks is a leading smart utilities provider offering
an open standards-based platform for applications such as electric,
water, smart street lights, and industrial IoT. The platform is renowned
for its advanced technology that can interoperate with a wide range of
products from a broad range of global and local partners, ensuring high
performance, reliability, and security,” said Avanthika Satheesh,
Industry Analyst, Energy & Environment, Frost & Sullivan. “In 2016, the
company showed remarkable momentum in Asia Pacific, primarily attributed
to the smart utility projects with CESC Limited in India, SP Group in
Singapore, and for customers in the State of Victoria. All these factors
have helped Silver Spring Networks to achieve success in the smart
utility platform market in the region.”

With more than 2.9 million enabled devices delivered in Asia Pacific,
Silver Spring has demonstrated solid progress in the region. Within the
past year, Silver Spring has announced the expansion of its existing
programs with customers CESC
India and Singapore
Power. Elsewhere in the region, Silver Spring smart utility
customers include AusNet Services, CitiPower & Powercor, Horizon Power,
Jemena, SmartCo, Unison, United Energy, WEL Networks, and Western Power.
In total, Silver Spring Networks has more than 26.7 million enabled
devices delivered across five continents.

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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 26.7 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.

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’s platform, solutions and services and the performance of
Silver Spring’s platform. 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.

Contacts

Silver Spring Networks
Amy Nunnemacher, 669-770-4183
Global
Communications
[email protected]