AusNet Services Selects Silver Spring Networks for Advanced Metering Roll-Out

Silver Spring Networks (NYSE:SSNI) today announced its selection by AusNet Services (ASX:AST), the state of Victoria’s largest diversified energy network business, to support its roll-out of the Victorian government’s mandated Advanced Metering Infrastructure (AMI) program. Silver Spring will deploy and support the initial operations of a multi-application, IPv6 network canopy as an infill solution within AusNet Services’ territory across Eastern Victoria. The Silver Spring solution will complement AusNet Services’ existing core technology systems.

“We are excited to have been selected and are committed to helping AusNet Services deliver against its business needs,” said Scott Lang, Chairman, President and CEO, Silver Spring Networks. “By adopting the Silver Spring platform, AusNet Services will be utilizing a solution that is proven across the other Victorian distribution businesses.”

Silver Spring has extensive experience helping its customers in delivering for the Victorian specifications. With over two million homes and businesses connected in Australia, it is the continent’s leading provider of smart grid and AMI systems. Including Australia, Silver Spring has connected over 20 million homes and businesses worldwide.

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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.

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 AusNet Services. 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 engagement with AusNet Services, 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.

Silver Spring NetworksAmy Cook, 650-839-4183Global [e-mail]