Boston, MA 10/01/2014 (wallstreetpr) – Silver Spring Networks Inc (NYSE:SSNI) is out in the market with a new smart water solution, which will combine both water and electric service to its customers. As per the statement published by the company, its Silver Spring IPv6 network will allow the provision of multi-service advanced metering, which will facilitate customers with superior performance with more savings and advanced functions, a offer that was earlier provided by only large entities.
Multiple Options To Customers
Silver Spring Networks Inc (NYSE:SSNI)’s Advanced Metering Infrastructure Vice President, Josh Roper threw light on how the company’s new service is advanced and unique than existing market solutions. Roper said that unlike the traditional meters that generate a bill retrospectively at the end of month, quarter or year, the company’s new solution is two way based and help provide detailed and interactive services to customers while maintaining the best of the security standards. Through this solution, a customer can get on-demand meter reads, data collection on an interval basis as well as a system of asynchronous alarming. Moreover, Roper added that the application will help customers get a better understanding of their water usage on a real-time basis.
Financially Light
The company’s smart water solution is also finding favor from research teams and users alike. According to Zpryme Research, the new water utility offering by the Silver Spring Networks Inc (NYSE:SSNI) weighs on analog based utilities, which are no longer financially viable options. Jason Rodriguez, CEO and Director of the research firm estimates $12.5 billion savings if the company’s water solution is embraced. Scott Miller, who is General Manager of City Utilities of Springfield, where these new solutions has been deployed, said that the new solution has helped immensely to save the deployment and operations costs. In direction of extending this service in the market, the company has already reached out to Master Meter and will continue to collaborate with water device partners in order to reach out to co-op and municipal utilities.
