Masers Energy and Silver Spring Networks Team on Smart Infrastructure for Malaysia

  Masers Energy and Silver Spring Networks Team on Smart Infrastructure for
  Malaysia

 Silver Spring to Lead Smart Infrastructure Coordination Across Masers’ Smart
             Grid City and Green Special Economic Zone in Melaka

Business Wire

KUALA LUMPUR, Malaysia & REDWOOD CITY, Calif. -- April 22, 2013

Silver Spring Networks, Inc. (NYSE: SSNI), a leading networking platform and
solutions provider for smart energy networks, announced it has entered into an
agreement with Masers Energy Malaysia, a fully owned subsidiary of Masers
Energy Inc. headquartered in San Jose, CA and London, U.K., to help bring
smart infrastructure benefits to Malaysia. Under the agreement, Silver Spring
Networks will coordinate smart infrastructure technology, planning and
services for Masers’ Smart Grid City Melaka and Special Economic Zone Melaka
projects. Anticipated to begin later this year, the initial stage of an
expected multi-phase project will include Silver Spring’s IPv6 networking
platform deployed as a canopy network for advanced metering, distribution
automation, and smart grid consumer empowerment initiatives.

“We are excited to partner with Silver Spring Networks as we build a modern,
21^st century infrastructure to help accelerate economic growth and deliver
innovative Smart City services for Malaysia’s citizens,” said Dato’ Seri
Suhaimi Abd Rahman, CEO, Masers Energy. “Silver Spring represents the global
gold standard in smart infrastructure and their participation reflects the
high standards and expectations we have for this project.”

“From Kuala Lumpur to Melaka to Borneo, Malaysia is a global science and
technology leader and one of the world’s most rapidly growing economies,” said
Eric Dresselhuys, Executive Vice President of Global Development, Silver
Spring Networks. “We share in the vision of the Malaysian government and
Masers Energy, and we are proud to be a strategic partner in this innovative
public-private effort to accelerate economic growth and create expanded
opportunity for the citizens of Malaysia.”

The Masers Energy Smart Grid City and Green Special Economic Zone are an
innovative public-private plan to transform the Melaka region from an
agricultural and small-industry zone into the first Smart Grid City in Asia.
Designed to bring the economic and societal benefits of smart infrastructure
to Malaysia, the plan leverages the latest Smart City technologies and
innovations to create a “Green Corridor” in Melaka, helping it become one of
the world’s leading green and low-carbon centers.

Silver Spring provides a high-performance IPv6-based network that establishes
a communications foundation for a city’s assets regardless of distribution
topology. Silver Spring is expanding the functionality of its smart
infrastructure platform to support Smart City solutions such as intelligent
street lighting, traffic signal control, and electric vehicle charging, among
others.

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About Silver Spring Networks

Silver Spring Networks isaleadingnetworking platform and solutions provider
for smart energy networks. Silver Spring’s pioneering IPv6 networking
platform, with 15.8 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 operationalefficiencies,
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, Inc., and Progress Energy,
among others. To learn more,please visitwww.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: Silver Spring’s engagement with Maser Energy
Malaysia, the timing and scope of the installation of Silver Spring’s IPv6
networking platform for the initial smart energy metering, Distribution
Automation, and smart grid consumer empowerment in Melaka; the anticipated
timing and scope of Silver Spring’s involvement in the development of smart
infrastructure in Malaysia and the realization of anticipated economic
benefits related to such smart infrastructure in Malaysia and the realization
of anticipated amount of foreign direct investment into Malaysia for
developing nationwide Smart Grid City and Green Special Economic Zones
projects; and Silver Spring’s development of future Smart City applications.
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.

Contact:

Silver Spring Networks
Noel Hartzell, 650-839-4184
Global Communications
nhartzell@silverspringnet.com
 
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