Featured Company News - Silver Spring Networks Launches IoT Developer Program in Europe and Middle-East; Partners with Rongwen to Provide Smart Lighting in China
Research Desk Line-up: RadiSys Post Earnings Coverage
LONDON, UK / ACCESSWIRE / November 16, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Silver Spring Networks, Inc. (NYSE: SSNI), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=SSNI. The Company announced the launch of its Internet of Things (IoT) developer program across ten new countries in Europe and some countries in the Middle-East. The goal is to expand Silver Spring's footprint by accelerating the use of the IoT™ developer program for various innovations. By having a standard development process the Company will have a larger number of solutions partners who have access to the Company's IoT developer program. Silver Spring made the announcement on November 14, 2017, at the Smart City Expo World Congress being held in Barcelona, Spain. For immediate access to our complimentary reports, including today's coverage, register for free now at:
http://protraderdaily.com/register/
Discover more of our free reports coverage from other companies within the Computer Based Systems industry. Pro-TD has currently selected RadiSys Corporation (NASDAQ: RSYS) for due-diligence and potential coverage as the Company announced on November 07, 2017, its financial results for Q3 2017 which ended on September 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on RadiSys when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SSNI; also brushing on RSYS. Go directly to your stock of interest and access today's free coverage at:
http://protraderdaily.com/optin/?symbol=SSNI
http://protraderdaily.com/optin/?symbol=RSYS
Silver Spring's Developer Program
Silver Spring aims to leverage the Developer Program to facilitate faster creation of IoT applications and quicker adoption of the technology. The Developer Program is available to both new and existing customers and developers working on creating next-generation of sensors, actuators, devices, and applications within the smart utility, smart city, and industrial IoT sectors. Those participating in this Developer Program will have the opportunity to create and test new IoT solutions which can be delivered through the Starfish™ platform-as-a-service (PaaS). Starfish™ is based on the proven, secure, reliable, and standards-based wireless network and data platform of Silver Spring.
Silver Spring had launched the developer kits in May 2017 and till date over 60 developers are using the kits to integrate their IoT solutions. Companies like D3 LED, a LED digital signage manufacturer, and eLichens, a start-up Company based in France and Silicon Valley that develops low-power air quality monitoring sensors, have greatly benefited by using the Company's developer kits and tools to create IoT applications and services.
The Developer Program consists of the following:
Developer Portal – enables developers to create IoT solutions using Silver Spring technology. The Developer Portal connects developers with the Silver Spring engineering community, supporting materials, and step-by-step documentation for the usage of the developer kits;
Milli Shield Dev Kit for Arduino boards – provides development partners with Silver Spring's RF mesh IPv6 technology in a form factor designed for battery-operated devices.
IoT Edge Router™, Dev Edition – connects any sensor to Silver Spring's IPv6 Starfish platform via standard Ethernet or USB interface on Silver Spring's IoT Edge Router. The IoT Edge Router includes the ability to develop edge applications on the popular Ubuntu Linux distribution using SNAPS.
Leading Companies in Europe like ESB Telecoms Ltd are supporting the Company's initiative of expanding the availability of the Developer Program. Silver Spring has already launched the Milli Shield Dev Kit and the IoT Edge Router, Dev Edition in the European markets and expects to launch the same in the Middle-East in early 2018.
Commenting on the launch of the Developed Program in Europe and Middle-East, Itai Dadon, Senior Director of IoT Product at Silver Spring, said:
"Connected devices have increased exponentially in the last few years, and are set to grow even more with the adoption of Industrial IoT applications. By offering developers a proven platform on which to create new solutions, they can focus their innovation on game changing applications to solve real-world challenges. We view these new regions as critical to the growth of the Internet of Important Things™ and are excited about the future of the program and the potential it holds for the broader smart cities and IoT ecosystem."
Rory McGowan M.D. of ESB Telecoms supported the initiative and added:
"With the launch of Silver Spring Networks' developer program in Europe, we're excited about the possibilities this will present for developers locally to create real-life apps that can reduce operating costs, help improve efficiencies and create new revenue streams in industries that are looking to capitalize on the IoT opportunity."
Silver Spring Partners with Rongwen for Smart Lighting in China
In a separate announcement at the SCEWC 2017 on the same day, the Company announced that Guangdong Rongwen Energy Technology Group (Rongwen) and Silver Spring have been selected to connect smart LED street lights in Guangzhou, China. Guangzhou is one of China's third largest city and is a major economic hub with a foreign trade port. The project is a result of the city's commitment to reduce its carbon emissions up to 45% by the end of the decade.
Rongwen is one of the largest smart LED street light providers and operators in China. The Rongwen/ Silver Spring partnership will connect a network of over 30,000 LED street lights in Guangzhou. The project will use Rongwen's patented LED street lights and outdoor lighting controls and Silver Spring's StreetLight.Vision (SLV) Central Management System (CMS). The project is expected to result in energy savings of over 70%. This will be the first smart city project in China which will be using Silver Spring's IPv6 platform and Wi- SUN® standards-based mesh technology, built on the IEEE 802.15.4g specification.
Both Companies also launched the Rongwen D-ONE Wireless Outdoor Lighting Controller to expand the use of Silver Spring's technology. D-ONE is an integrated outdoor lighting controller that uses Silver Spring's IPv6 platform and solution and uses the Company's network interface cards (NICs) into Rongwen's outdoor lighting controller. The D-ONE will help in monitoring and controlling the brightness of the lights based on pedestrian and vehicular traffic, time of day and weather. The D-ONE collects a variety of energy usage information including voltage, current, lamp burning hours, and temperature. It also integrates with SLV for seamless configuration, monitoring, and real-time control. This product is expected to push the use and demand for smart devices in China.
About Silver Spring Networks, Inc.
San Jose, California based Silver Spring enables the Internet of Important Things™ by reliably and securely connecting things that matter. Cities, utilities, and Companies on five continents use the Company's cost-effective, high-performance IoT network and data platform to operate more efficiently, get greener, and enable innovative services that can improve the lives of millions of people. Silver Spring provides a proven standards-based platform safeguarded with military grade security. It has so far connected over 27.3 million devices. Its customers include Baltimore Gas & Electric, CitiPower & Powercor, ComEd, Consolidated Edison, CPS Energy, Florida Power & Light, Pacific Gas & Electric, Pepco Holdings, and Singapore Power. Silver Spring has also deployed networks in Smart Cities including Copenhagen, Glasgow, Paris, Providence, and Stockholm.
Last Close Stock Review
At the closing bell, on Wednesday, November 15, 2017, Silver Spring Networks' stock slightly rose 0.06%, ending the trading session at $16.10. A total volume of 599.51 thousand shares have exchanged hands. The Company's stock price skyrocketed 26.77% in the last three months, 62.96% in the past six months, and 10.73% in the previous twelve months. Moreover, the stock surged 20.96% since the start of the year. The stock currently has a market cap of $862.96 million.
Pro-Trader Daily:
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@protraderdaily.com
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily
