|By Business Wire||
|June 25, 2014 03:04 AM EDT||
Silver Spring Networks, Inc. (NYSE:SSNI) today congratulated Ofcom for its amendments to the UK’s Wireless Telegraphy Act, which will allow for commercial operations at 870 to 876 MHz on a license exempt basis and go into effect on June 27, 2014. The decision from Ofcom, the independent regulator and competition authority for the UK communications industries, opens the frequency bands for new machine-to-machine (M2M) and Internet of Things applications that unlock greater economic and societal opportunities in the UK. License-exempt spectrum eliminates the prohibitively high costs of existing exclusionary solutions and ensures that high-performing, dedicated, and secure Internet of Things networks can be quickly deployed for the benefit of all UK citizens.
Countries around the world have prioritized the deployment of smart digital infrastructure as a means to improve quality of life and competitiveness, but many have found the lack of effective networking technologies a barrier to implementation. Ofcom’s move to adopt the new European framework will afford participants in the UK the same resources as the US, Canada, and most other industrial nations that allow the leveraging of license-exempt spectrum to benefit citizens through lower costs and improved system performance.
Working with some of the world’s leading smart energy and smart city programmes, Silver Spring Networks has already connected more than 18.5 million critical infrastructure devices such as smart energy meters, smart thermostats, renewable energy generators, networked street lights, and traffic control systems.
“We applaud the release of this spectrum by Ofcom which will help accelerate social and economic benefits for UK citizens and helps to provide a basis for Internet of Things applications such as energy resource management, smart energy and smart water, adaptive street lighting, environmental sensors, and intelligent transport networks that help modernize the UK’s essential citizen services,” said Mark Coyle, Managing Director for the UK & Ireland, Silver Spring Networks. “These types of machine-to-machine networks give the UK an opportunity to establish a technology foundation for its ongoing environmental sustainability, energy efficiency, and smart city leadership.”
“We are excited to continue working with a range of cities, energy companies, and our broad ecosystem to modernize the UK’s critical infrastructure and bring the benefits of the Internet of Things to meet the needs of our existing and future customers,” Mr. Coyle continued.
Earlier this year the CEPT, the organization that represents the national regulatory authorities for 48 European countries, published a framework for license-exempt spectrum availability for a variety of machine-to-machine, smart grid, and smart city wireless networks, among others. The UK is the first individual member state to publish updated regulations allowing license exempt spectrum for broad commercial use for these networks under the CEPT’s new framework.
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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 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, Energias de Portugal, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Progress Energy, Singapore Power and UK Power Networks, 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 the capabilities and benefits of Ofcom’s amended spectrum regulations, and the benefits of Silver Spring Networks’ solutions. 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.
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