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Silver Spring Networks Announces Detectent as New SilverLink™ Sensor Network Partner
|By Business Wire
|May 19, 2014 08:32 AM EDT
Silver Spring Networks, Inc. (NYSE: SSNI) today announced a new
partnership with Detectent, Inc., as it continues to expand its partner
ecosystem around the SilverLink™ Sensor Network, a new approach to
unlocking smart grid big data at up to 10x the speed and 1/10th the cost
of traditional IT infrastructure. Detectent is a leading provider of
analytical models and user interface tools that will leverage SilverLink
Sensor Network data to support the planning, deployment and measurement
of operational business functions including revenue assurance,
non-technical loss, transformer monitoring, and grid operations
applications. Detectent’s solutions will be offered through Silver
Spring’s SilverLink App Catalogue.
Detectent’s Energy Theft solutions are part of its Customer Intelligence
Platform which will be integrated with the SilverLink Sensor Network.
Detectent uses a combination of smart meter data along with weather
data, business listings, GIS data and other data to identify electricity
theft. Once an irregularity is confirmed or dismissed, the self-learning
algorithms update the information to improve the accuracy of future
analysis. The SiverLink Sensor Network will enable Detectent to access
real-time smart grid data streams, helping utilities accelerate the
assessment of any action associated with irregular energy consumption
and diversion within a service territory. Detectent’s application also
integrates with existing utility workflow systems.
“Electricity theft is estimated to cost the utility industry billions of
dollars each year. With the SilverLink Sensor Network and Detectent, we
can help make it easy for utilities to find and remediate that theft,
and recover their operating losses,” said Alex Zheng, Senior Product
Manager, SilverLink Sensor Network, Silver Spring Networks. “Detectent
is a well-known player in theft detection, and the combination of our
sensor network expertise with their algorithms will enable us to help
utilities leverage the power of their smart grids to recover value for
“Silver Spring’s SilverLink Sensor Network delivers real-time data and a
direct interface with the network, without the hurdles of needing to
make complex integrations in the utility back-office, where data
validation, estimation, and editing can create false indicators for
analytics,” said Michael Madrazo, CEO, Detectent. “Having this granular
level of detail with Detectent’s Energy Theft Solutions will help
provide a clearer view of energy diversion for our utility customers
around the globe.”
Detectent also expects to leverage real-time streams via the SilverLink
Sensor Network for improved grid operations, such as pinpointing
overloaded transformers and topology mapping errors.
For more information on the SilverLink Sensor Network, visit www.silverspringnet.com/silverlink.
Join the Silver Spring Networks Conversation
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 18.5 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, Progress Energy and Singapore
Power, among others. To learn more, please visit www.silverspringnet.com.
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
Networks’ partnership with Detectent, the performance and capabilities
of the integrated solution, and benefits utilities may realize from the
integrated solution. 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 of the agreement between Silver Spring
Networks and Detectent, 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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