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Press Release

Itron Acquisition of Silver Spring Networks Clears Antitrust Review

LIBERTY LAKE, Wash. and SAN JOSE, Calif. — Dec. 5, 2017 — Itron, Inc. (NASDAQ: ITRI) and Silver Spring Networks, Inc. (NYSE: SSNI) announced today the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with respect to Itron’s acquisition of Silver Spring Networks has expired.

The expiration of the HSR Act waiting period satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions, including the approval of Silver Spring's stockholders. Both companies expect to close the transaction in early 2018.

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Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure services to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

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PR Contact

Alison Mallahan

Senior Public Relations Manager

(509) 891-3802