Silver Spring to Establish Regional Headquarters in Singapore as Adoption of IoT Technology Flourishes Throughout Asia-Pacific Market
SAN JOSE, Calif. & SINGAPORE, Nov 4 (Bernama-BUSINESS WIRE) -- Silver Spring Networks, Inc. (NYSE: SSNI) today announced its agreement with Singapore Power to expand Singapore Power's uses and applications of its existing wireless mesh network platform across Singapore. Singapore Power, which provides electricity to 1.4 million homes and businesses on the island, plans to leverage its AMI deployment to connect an additional 200,000 electric residential customers. Silver Spring's multi-application IPv6 platform will be extended to help Singapore Power improve its operational efficiencies, serve more advanced metering customers and for Singapore Power to develop a digital data and Internet of Things (IoT) platform. The joint efforts will support Singapore's 'Smart Nation' goal by leveraging the IoT to improve efficiency, security, economic development and quality of life for its citizens.
Silver Spring has also announced that it will collaborate with Singapore Power on a variety of product and market development activities, with the intent to unlock the creativity of IoT innovation of Singapore's commercial and academic institutions. In support of its collaboration with Singapore Power-and to help capitalize on IoT opportunities in the region-Silver Spring intends to establish its Asia Pacific headquarters in Singapore.
SAN JOSE, Calif. & SINGAPORE, Nov 4 (Bernama-BUSINESS WIRE) -- Silver Spring Networks, Inc. (NYSE: SSNI) today announced its agreement with Singapore Power to expand Singapore Power's uses and applications of its existing wireless mesh network platform across Singapore. Singapore Power, which provides electricity to 1.4 million homes and businesses on the island, plans to leverage its AMI deployment to connect an additional 200,000 electric residential customers. Silver Spring's multi-application IPv6 platform will be extended to help Singapore Power improve its operational efficiencies, serve more advanced metering customers and for Singapore Power to develop a digital data and Internet of Things (IoT) platform. The joint efforts will support Singapore's 'Smart Nation' goal by leveraging the IoT to improve efficiency, security, economic development and quality of life for its citizens.
Silver Spring has also announced that it will collaborate with Singapore Power on a variety of product and market development activities, with the intent to unlock the creativity of IoT innovation of Singapore's commercial and academic institutions. In support of its collaboration with Singapore Power-and to help capitalize on IoT opportunities in the region-Silver Spring intends to establish its Asia Pacific headquarters in Singapore.
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