Today Silver Spring Networks (NYSE:SSNI) announced that is has been selected by New Braunfels Utilities (NBU) to deploy its multi-application network across the city for a comprehensive Dynamic Metering Infrastructure program supporting both electricity and water services. The Silver Spring smart grid networking platform will help New Braunfels Utilities control costs, improve outage response, enhance customer communications, and deliver expanded energy and water services to its customers. New Braunfels Utilities is a municipally owned utility that delivers electricity, water, and wastewater services for more than 60,000 residents of New Braunfels, a fast growing city along the Austin-to-San Antonio Interstate-35 corridor in central Texas.

“NBU is expanding rapidly and we wanted to deploy a scalable network platform that allows us to deliver benefits today, while also establishing a foundation for new concepts for our community and customers in the future,“ said Trino Pedraza, NBU Systems Technology Manager. “We deliver a range of energy and water services to customers, so a platform that combines high performance with reliability, cost-effectiveness, and support for multiple applications was crucial in our selection.”

“We’re proud to deploy a multi-application, citywide network with NBU to help unlock the broad benefits of networked infrastructure for their electricity and water customers,” said Eric Dresselhuys, EVP of Global Sales, Marketing and Development, Silver Spring Networks. “We applaud New Braunfel’s vision and their commitment to creating the most modern solutions to address their operational and customer service needs and for positioning NBU for even greater value in the future.”

Silver Spring delivers a ready-to-deploy Municipal and Cooperative Utility solution that makes it easy to rapidly scope and deploy sophisticated Advanced Metering Infrastructure for electricity, water, and natural gas customers, Demand Response, Distribution Automation, and other critical infrastructure and smart city applications over time. Silver Spring is already working with municipal and cooperative utilities such as Choptank Electric Cooperative, City Utilities of Springfield, CPS Energy, Modesto Irrigation District, Sacramento Municipal Utility District, Snohomish County Public Utility District and others, to unlock smart grid benefits for their consumers today.

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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 20.5 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.

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’s engagement with New Braunfels Utilities. 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 and deployment of the New Braunfels engagement, 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.