Court Awards More Than $600,000 in Costs to Silver Spring Networks in Patent Suit

Silver Spring Networks, Inc.

disclosed that the District Court for the Eastern District of Texas in the United States has awarded $614,150.70 in costs in a patent case involving EON Corp. IP Holdings, LLC. Silver Spring said that the order comes on the heels of a decision of the Appeals Court for the Federal Circuit reversing a judgment of the District Court in Texas in respect of the patent claims that covered wireless communication. As a prevailing party, the company indicated that it was entitled to recover some costs under the Federal Rules of Civil Procedure. The company's General Counsel, Rick Arnod, said, "The court's order is a victory for Silver Spring Networks and we are delighted with the award. We believe in Silver Spring's technology and will continue to vigorously defend ourselves, and our customers, against these types of lawsuits." At the time of writing this, the stock gained $0.03 or 0.24 percent to trade at $12.52.