Contact Us

Mark McKechnie
Vice President, Investor Relations and Strategic Initiatives
Silver Spring Networks
230 West Tasman Drive
San Jose, California 95134
Phone: + 1 669-770-4333
E-mail: IR@ssni.com

Investor FAQs

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What does Silver Spring Networks do?
Where and when was Silver Spring Networks incorporated?
Where are Silver Spring Networks’ corporate headquarters located?
How many employees does Silver Spring Networks have?
When did Silver Spring Networks go public?
What was the offering price?
Who were the underwriters for Silver Spring Networks’ IPO?
How can I obtain a copy of the final prospectus?
Where is Silver Spring Networks' stock traded?
Who is Silver Spring Networks’ Stock transfer agent?
How can I buy and sell shares of Silver Spring Networks stock?
How do I get information about Silver Spring Networks shares that I own?
Does Silver Spring Networks pay a dividend?
How can I obtain Silver Spring Networks’ SEC filings?
When does Silver Spring Networks’ fiscal year end?
Who are Silver Spring Networks’ independent auditors?
When will earnings be announced?
How can I access Silver Spring Networks’ earnings webcast?
How can I get added to the Silver Spring Networks’ mailing list?
How can I contact investor relations for Silver Spring Networks?
When does the post-IPO lock-up expire?
I have a stock certificate for shares of Silver Spring common stock. What do I need to do?
My shares of Silver Spring common stock are restricted and/or the certificates I used to hold had various legends on them. How will the restrictions and legends be removed?
I have already returned my stock certificate(s), what do I need to do sell or transfer my shares?
If I am a current Silver Spring employee, officer, director or consultant, why do I need to wait for an open Trading Window to sell or transfer my shares?

What does Silver Spring Networks do?

Silver Spring Networks is a leading networking platform and solutions provider for smart energy networks. Silver Spring’s pioneering IPv6 networking platform, with more than 26.7 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, CPFL Energia, CPS Energy, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Progress Energy and Singapore Power, among others.

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Where and when was Silver Spring Networks incorporated?

We were incorporated in Delaware on July 3, 2002.

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Where are Silver Spring Networks’ corporate headquarters located?

Our corporate headquarters are located in San Jose, California.

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How many employees does Silver Spring Networks have?

As of March 31, 2016, we had a total of 673 regular full time employees.

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When did Silver Spring Networks go public?

March 13, 2013

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What was the offering price?

$17.00 per share.

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Who were the underwriters for Silver Spring Networks’ IPO?

The offering was underwritten by:
Goldman, Sachs & Co.
Credit Suisse Securities
Piper Jaffray & Co.
Stifel, Nicolaus & Company
Canaccord Genuity
Evercore Group
Pacific Crest Securities
Robert W. Baird & Co.

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How can I obtain a copy of the final prospectus?

Copies of the final prospectus relating to the offering may be obtained on the SEC Filings section of our website.


Printed copies of the final prospectus relating to the offering may be obtained from the offices of:


Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10004, or by email at prospectus-ny@ny.email.gs.com;


Credit Suisse Securities LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, or by email at newyork.prospectus@credit-suisse.com.

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Where is Silver Spring Networks' stock traded?

Our common stock is listed on the New York Stock Exchange under the symbol "SSNI."

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Who is Silver Spring Networks’ Stock transfer agent?

Computershare
P.O. Box 505000
Louisville, KY 40233


Overnight correspondence should be sent to:
Computershare
462 South 4th Street, Suite 1600
Louisville, KY 40202


Stockholder website
http://www.computershare.com/investor


Stockholder online inquiries
https://www-us.computershare.com/investor/Contact

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How can I buy and sell shares of Silver Spring Networks stock?

You may purchase our stock through a licensed securities broker.

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How do I get information about Silver Spring Networks shares that I own?

We do not have access to individual account information. All registered shareholders who have questions regarding their account status (e.g. number of shares, missing certificates, address changes, etc.) can contact our transfer agent. For their contact information, please visit the Transfer Agent section of our website. Otherwise, if you own your shares in a brokerage account, please contact your broker.

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Does Silver Spring Networks pay a dividend?

No.

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How can I obtain Silver Spring Networks’ SEC filings?

Please visit the SEC Filings section of our website.

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When does Silver Spring Networks’ fiscal year end?

Our fiscal year ends December 31.

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Who are Silver Spring Networks’ independent auditors?

Ernst & Young
Redwood City, California

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When will earnings be announced?

We will announce the date for our quarterly results in a press release, which can be found under the News Releases section of our website.

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How can I access Silver Spring Networks’ earnings webcast?

Quarterly earnings webcast information will be included in the Events and Presentations section of our website.

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How can I get added to the Silver Spring Networks’ mailing list?

You can sign up for email alerts notifying you of new press releases, SEC filings and events by clicking here.

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How can I contact investor relations for Silver Spring Networks?

Please visit our Contact Us section of our website.

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When does the post-IPO lock-up expire?

The post-IPO lock-up period has expired as of 9/8/2013. Subject to the limitations discussed below regarding holders of outstanding stock certificates, affiliates of Silver Spring, and Silver Spring’s Insider Trading Policy, stockholders are generally free to hold, sell or transfer shares of Silver Spring common stock after September 8, 2013.

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I have a stock certificate for shares of Silver Spring common stock. What do I need to do?

Silver Spring has elected to use the Direct Registration System (“DRS”) as a means of recording stock ownership. DRS is stock ownership without paper stock certificates. All shares are held in book-entry form. Silver Spring’s transfer agent, Computershare, keeps a record of all shares on Silver Spring’s register of owners. For more information from regarding DRS, you may visit Computershare’s Investor Centre at https://www‑us.computershare.com/Investor.


If you still have one or more stock certificates for shares of Silver Spring common stock, you are strongly encouraged to return them via insured, certified mail to Silver Spring’s Stock Administration department at the following address prior to September 4, 2013:


Cecilia Hartwig
Stock Administration
Silver Spring Networks, Inc. 555 Broadway Street Redwood City, CA 94063


Any failure to return your paper stock certificate(s) to Silver Spring’s Stock Administration department by September 4, 2013 will result in significant delays and/or prevent you from selling or transferring your shares of Silver Spring common stock.

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My shares of Silver Spring common stock are restricted and/or the certificates I used to hold had various legends on them. How will the restrictions and legends be removed?

Silver Spring will work with its outside law firm, Fenwick & West, and its transfer agent, Computershare, to have all restrictions and legends removed from outstanding shares of common stock except for shares held by “affiliates” of Silver Spring. If you are an “affiliate” of Silver Spring (i.e., an executive officer, member of the Board of Directors or hold more than 10% of Silver Spring’s common stock), your shares will remain with Computershare until any applicable restrictions have lapsed. If you are an “affiliate” of Silver Spring, contact Silver Spring’s Stock Administration department for further information.

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I have already returned my stock certificate(s), what do I need to do sell or transfer my shares?

The answer depends on who you are:


Current Silver Spring Employees – Silver Spring will arrange for your shares, stock options and RSUs to be transferred into your E*Trade account (or, for 10b5-1 plan participants, into your Bank of America Merrill Lynch account). When Silver Spring’s Trading Window is open, you may log into your E*Trade account to sell your shares.


Affiliates of Silver Spring – if you are an affiliate of Silver Spring your shares are subject to additional restrictions on transfer and you or your broker will need to contact Silver Spring’s Stock Administration department at (650) 839-4602 to discuss how to remove the restrictions in order to sell or transfer your shares.


All Other Stockholders – provided that you have already returned your stock certificate(s) to Silver Spring, you may sell or transfer your shares by contacting (a) your broker, or (b) Computershare directly.


(a) Contact your Broker: Your shares are currently held in book entry form by our transfer agent, Computershare. In order to sell or transfer your shares through your broker, you must coordinate directly with your broker. Your broker will require the following information to retrieve the shares from Computershare:


  • your Computershare Account Number, which can be found on your Computershare account statement. If you need a copy of your Computershare account statement, please contact Computershare at (877) 373-6374 or (781) 575-3120.
  • your Social Security number or Taxpayer ID
  • Computershare’s DTC number, 7807
  • the number of shares you wish to sell or transfer

(b) Contact Computershare: you may request that Computershare sell or transfer your shares by contacting Computershare directly at www- us.computershare.com/Investor or by calling (877) 373-6374 or (781) 575-3120. We recommend that you visit the Computershare website now, create a User ID and password, and review your account details. You will also find answers to many questions online at Computershare’s Investor Centre.

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If I am a current Silver Spring employee, officer, director or consultant, why do I need to wait for an open Trading Window to sell or transfer my shares?

If you are a current Silver Spring employee, officer, director or consultant, you are subject to Silver Spring’s Insider Trading Policy, including the Trading Window. The Insider Trading Policy is designed to prevent insider trading, which is a violation of federal and state securities laws. A copy of the Insider Trading Policy can be found on SilverNet.

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ACQUISITION FAQS

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Acquisition of Detectent, Inc. by Silver Spring Networks

On January 7, 2015, Silver Spring announced its intent to acquire Detectent, a leading provider of utility data analytics solutions.

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Why did Silver Spring acquire Detectent?

Detectent is a recognized industry leader for utility analytics solutions, helping improve AMI and grid operations, monitor non-technical loss and improve revenue assurance, and enhance customer engagement programs. Acquiring Detectent accelerates Silver Spring’s big data strategy by expanding the software application offerings of the SilverLink Sensor Network data platform. Detectent’s solutions should also benefit from the distributed intelligence capabilities and real-time data streams of the data platform. Together, we plan to address the large market opportunity of utility analytics and help accelerate value creation for utilities.

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What was the purchase price?

Under the terms of the agreement, Silver Spring will pay approximately $12 million in cash.

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What is the expected financial impact?

Excluding transaction-related costs, Silver Spring expects the impact to be neutral to non-GAAP EPS in 2015 and accretive to 2016. We also expect to add up to $1.50 to the menu of available recurring software revenue application offerings and expand today’s menu from approximately $7.00. This is expected to contribute towards our corporate strategy of increasing recurring revenue per cumulative network end-point. Detectent’s gross margins are higher than Silver Spring’s corporate gross margins due to a high mix of SaaS, Services and Software sales.

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When is the transaction expected to close?

The acquisition is subject to normal closing conditions and we expect it to close in Q1 2015.

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What are the benefits for Detectent’s and Silver Spring’s customers?

Detectent’s software and SaaS solutions currently analyze data from more than 25 million gas, water, and electricity meters at over 20 utilities across the United States. Additionally, existing Detectent customers can benefit from a richer set of Smart Grid application offerings from Silver Spring. We expect to offer Detectent’s proven solutions to our growing international customers over time.

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What will happen with Detectent employees?

Silver Spring is excited to have Detectent employees become a part of the Silver Spring family upon the closing of the acquisition.

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Does Silver Spring plan to acquire other companies?

Silver Spring continually explores opportunities that support our long-term strategy.

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Forward-Looking Statements

This document contains forward-looking statements about Silver Spring Networks’ expectations, plans, intentions, and strategies, including, but not limited to statements regarding the expected completion of, financial impact of, and benefits from the acquisition of Detectent, Inc. 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 conditions to the closing of the deal may not be satisfied, the acquisition may not be completed successfully, the business may not be integrated successfully, 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 document are based on information available to Silver Spring Networks as of January 7, 2015. Silver Spring Networks assumes no obligation to update these forward-looking statements.