Masers Energy and Silver Spring Networks Team on Smart Infrastructure for Malaysia

Mon Apr 22, 2013 5:12pm EDT

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Masers Energy and Silver Spring Networks Team on Smart Infrastructure for Malaysia

Silver Spring to Lead Smart Infrastructure Coordination Across Masers’ Smart Grid City and Green Special Economic Zone in Melaka

Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and solutions provider for smart energy networks, announced it has entered into an agreement with Masers Energy Malaysia, a fully owned subsidiary of Masers Energy Inc. headquartered in San Jose, CA and London, U.K., to help bring smart infrastructure benefits to Malaysia. Under the agreement, Silver Spring Networks will coordinate smart infrastructure technology, planning and services for Masers’ Smart Grid City Melaka and Special Economic Zone Melaka projects. Anticipated to begin later this year, the initial stage of an expected multi-phase project will include Silver Spring’s IPv6 networking platform deployed as a canopy network for advanced metering, distribution automation, and smart grid consumer empowerment initiatives.

“We are excited to partner with Silver Spring Networks as we build a modern, 21st century infrastructure to help accelerate economic growth and deliver innovative Smart City services for Malaysia’s citizens,” said Dato’ Seri Suhaimi Abd Rahman, CEO, Masers Energy. “Silver Spring represents the global gold standard in smart infrastructure and their participation reflects the high standards and expectations we have for this project.”

“From Kuala Lumpur to Melaka to Borneo, Malaysia is a global science and technology leader and one of the world’s most rapidly growing economies,” said Eric Dresselhuys, Executive Vice President of Global Development, Silver Spring Networks. “We share in the vision of the Malaysian government and Masers Energy, and we are proud to be a strategic partner in this innovative public-private effort to accelerate economic growth and create expanded opportunity for the citizens of Malaysia.”

The Masers Energy Smart Grid City and Green Special Economic Zone are an innovative public-private plan to transform the Melaka region from an agricultural and small-industry zone into the first Smart Grid City in Asia. Designed to bring the economic and societal benefits of smart infrastructure to Malaysia, the plan leverages the latest Smart City technologies and innovations to create a “Green Corridor” in Melaka, helping it become one of the world’s leading green and low-carbon centers.

Silver Spring provides a high-performance IPv6-based network that establishes a communications foundation for a city’s assets regardless of distribution topology. Silver Spring is expanding the functionality of its smart infrastructure platform to support Smart City solutions such as intelligent street lighting, traffic signal control, and electric vehicle charging, among others.

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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 15.8 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, CPS Energy, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Inc., and Progress Energy, 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: Silver Spring’s engagement with Maser Energy Malaysia, the timing and scope of the installation of Silver Spring’s IPv6 networking platform for the initial smart energy metering, Distribution Automation, and smart grid consumer empowerment in Melaka; the anticipated timing and scope of Silver Spring’s involvement in the development of smart infrastructure in Malaysia and the realization of anticipated economic benefits related to such smart infrastructure in Malaysia and the realization of anticipated amount of foreign direct investment into Malaysia for developing nationwide Smart Grid City and Green Special Economic Zones projects; and Silver Spring’s development of future Smart City 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 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.

Silver Spring Networks
Noel Hartzell, 650-839-4184
Global Communications
nhartzell@silverspringnet.com