Profile: Silver Spring Networks Inc (SSNI.N)
Silver Spring Networks, Inc., incorporated on July 3, 2002, is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things (IoT) for critical infrastructure. The Company provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. Its networking platform enables customers to communicate with devices connected to the power grid. Its networking platform comprises hardware, such as access points and relays; its SilverLinkOS network operating software, and its GridScape management and security software. The Company offers an array of solutions built upon SilverLink Network and Data platforms, including advanced metering, distribution automation, demand-side management, street lights and wireless Internet protocol version 6 (IPv6) network service for the IoT, Starfish.
The Company also offers professional services to design and optimization, deployment support, software and systems integration, program management, consulting services and training. Its managed services include monitoring the performance of the network, tracking trends, providing alerts, monitoring security and planning disaster response. Through its managed application services, it manages the SilverLink Control Platform and SilverLink Applications. Its software as a service (SaaS) offering allows utility customers to eliminate initial investments in software and hardware systems and transform their system usage to an on-demand basis. The Company also offers technical, network and product support at a variety of service levels.
The Company's advanced metering solution provides utilities with two-way communications from its communications module integrated into a third-party meter to their back office, enabling utilities to remotely perform functions, such as reading meter usage, capturing time-of-use consumption data, connecting and disconnecting service, and detecting power outages. The Company collaborates with various meter manufacturers to provide a range of meter options for its utility customers. Its advanced metering software includes Advanced Metering Manager (AMM) software application and may include its CustomerIQ and SensorIQ applications.
The Company's distribution automation solution provides two-way communications from distribution devices along the power grid to the back office or substations, providing utilities with real-time information for grid monitoring and control. Its distribution automation solution comprises of bridges paired with third-party devices and its SensorIQ application, Outage Detection System (ODS) application, GridScape application and Operations Optimizer application.
The Company offers approximately three solutions to support demand-side management. Energy Efficiency helps reduce overall energy consumption, or base load. Its energy efficiency solution leverages the two-way communications in and information gathered from its advanced metering solution to provide consumers with timely information about their energy usage through either the Web-based portal, CustomerIQ, or a third-party in-home device, such as a thermostat. Demand Response helps reduce energy consumption when demand is at peak load. With the Company's technology, utilities can send messages to consumers in anticipation of a peak-load event. Utilities can leverage its technology to support both price-based and load control-based demand response programs. Also with its technology, the utility can incentivize consumers to charge their electric vehicles during non-peak times, helping utilities manage this new demand.
By integrating the Company's communications module with a photocell or other control device, cities can retrofit existing lighting and convert it to a networked light. Another approach is to replace legacy lighting with light emitting diode (LED) lighting, which includes an integrated communications module. The Company also offers control and management software for smart city and street light offerings.
Starfish IoT Network Service
The Company's Starfishm is a wireless IPv6 network service for the IoT, which is intended to build upon the Company's customers' network footprint to enable commercial enterprises, cities, utilities and developers to access an IoT network service with service level agreements that meet their needs. The Company focuses on creating an ecosystem of partners and developers to effect the deployment of a network footprint; enable communications capabilities to a range of devices, and a diversity of applications to connect a number of full solutions to the emerging IoT space.
The Company competes with Honeywell International Inc., Itron Inc., Toshiba Corporation, Sensus Metering Systems Inc., Trilliant Holdings, Inc., Cisco Systems, Inc., General Electric Company, S&C Electric Company, Schweitzer Engineering Laboratories, Inc., C3 IoT Inc., Grid Net Inc., Opower Inc., Tendril Networks Inc., Echelon Corporation, Harvard Engineering PLC, Telensa Limited, Royal Philips Electronics and Schreder Group.
Silver Spring Networks Inc
555 Broadway St
REDWOOD CITY CA 94063-3134