Silver Springs Networks Receives Top Honors from CPFL Energia for Smart Grid Program in Brazil
20 December 2014 - 12:30AM
Business Wire
Awarded ‘Mais Valor 2014’ (More Value 2014)
Supplier of the Year for Driving Innovation and Achieving Real
Benefits Through the Silver Spring, IPv6 Standards-Based
Network
Silver Spring Networks (NYSE:SSNI) today announced that it has
received the ‘Mais Valor 2014’ (More Value 2014) award from CPFL
Energia, Brazil’s largest privately–held electricity group, for the
deployment of the Silver Spring IPv6, standards-based smart grid
network platform for Advanced Metering Infrastructure for Group A
clients. CPFL Energia recognized Silver Spring for helping achieve
its operational goals, including greater efficiency, reduced costs
and improved service quality, for the smart grid program, which is
part of CPFL’s ‘Tauron’ infrastructure modernization initiative. In
the first year of deployment, CPFL Energia recorded success rate
for meter readings exceeding 98%. This program for Group A
consumers comprises all CPFL’s clients of High and Medium Voltage
(AT and MT), which represents more than 40% of CPFL’s total
revenue.
“We are proud to receive this recognition from our partner CPFL
Energia and to help them unlock more benefits for their customers
in Brazil. We look forward to continuing to modernize their energy
grid and to deliver even more value moving forward,” said Scott
Lang, Chairman, President and CEO, Silver Spring Networks.
“Silver Spring Networks’ wireless network infrastructure has
exceeded all our initial expectations in delivering a world-class
smart grid program for over 25,000 Group A customers, contributing
also for our own operational efficiency improvements,” said Paulo
Ricardo Bombassaro, engineering director at CPFL Energia. “By
deploying two-way communications technology, we have increased our
network reliability, achieved faster response times, and optimized
operations for increased productivity and less travel time.”
“It is a great honor to be recognized by CPFL Energia, a true
energy sector pioneer, for our smart grid deployment. This award
demonstrates the value and tangible benefits that can be delivered
through Silver Spring’s IPv6 network infrastructure,” added Gadner
Vieira, General Manager, Silver Spring Networks Brazil. “We are
proud of the work from our employees and the collaboration between
the Silver Spring and CPFL Energia teams, and we look forward to
further strengthening our joint efforts in delivering world-class
energy infrastructure in Brazil.”
For more information, please visit
www.silverspringnet.com/customers/cpfl-energia/
Join the Silver Spring Networks Conversation
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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 20 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.
About CPFL Energia CPFL Energia has been generating,
distributing and selling energy and providing telecoms and other
services for 102 years. With a 13% share of the energy distribution
market, it is market leader with over 7.5 million consumers in the
States of São Paulo, Rio Grande do Sul, Minas Gerais and Paraná.
CPFL Energia is one of the largest companies on the free market
with an 8% market share. It also leads incentivized energy sales to
free customers.
The company is Brazil's second largest privately owned power
generator with a portfolio of clean and renewable energy sources.
CPFL Geração manages 2,248 MW of installed capacity, taking into
account the company's stake in each of its generating assets. In
2011, it created CPFL Renováveis, with assets including
hydroelectric power stations, wind farms, biomass thermoelectric
stations and the Tanquinho solar power station, the first of its
kind in the state of São Paulo and one of the biggest in Brazil.
Including its stake in CPFL Renováveis, the CPFL Group had
installed capacity of 3,127 MW at the end of the second quarter of
2014. The group also plays a major role in arts and culture as one
of Brazil's 15 biggest investors in the area.
CPFL Energia is listed on the BM&FBovespa's New Market with
Level III ADRs on the NYSE, and is quoted on the Dow Jones
Sustainability Index Emerging Markets and Morgan Stanley Capital
International Global Sustainability Index (MSCI). The company's
stock has been included in the BM&FBovespa Business
Sustainability Index (ISE) for the 9th consecutive year.
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
scope and benefits of Silver Spring Networks’ engagement with CPFL
Energia. 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 NetworksAmy Cook, 650-839-4183Global
Communicationsacook@silverspringnet.com
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