BRACKNELL, June 2, 2011 – Honeywell (NYSE:HON) today announced that its industrial automation business, Honeywell Process Solutions (HPS), has been highly successful in diversifying from its core offerings and today commands a leadership position in many of the sectors it operates in.
From its pioneering origins in 1975 with the first Distributed Control System (DCS), the TDC 2000, HPS has grown into an international player with over 12,000 employees and operates in over 100 countries.
“Given our heritage, we are often perceived to be a ‘DCS company’ but today that represents just over half of our overall business,” said Norm Gilsdorf, president, Honeywell Process Solutions (HPS). “Through organic growth and acquisitions we have built considerable capabilities in areas such as Safety, Quality Control Systems, Operator Training, Critical Infrastructure Protection, Manufacturing Execution Systems and Engineered solutions. We have also extended into sectors including Oil and Gas Pipelines, Terminals, Alternate Fuels, Mining and Marine, whilst expanding into emerging geographies such as Uzbekistan, Turkmenistan, Iraq and Nigeria”.
Over the past three years Honeywell has acquired and integrated gas measurement and control provider RMG, terminal automation supplier Enraf and, most recently, specialist software provider Matrikon into its HPS business. In 2010, HPS was awarded contracts worth $2.9 billion including safety solutions for the world’s longest gas pipeline, the 8,704-kilometer West-to-East II in China and wireless control and safety systems for the Shah Gas Development Project in the UAE.
“Honeywell is now in a position to offer our customers a much wider and deeper portfolio of products, solutions and expertise,” said Orhan Genis, vice president sales EMEA, Honeywell Process Solutions. “Our extensive technologies continue to help our customers tackle their productivity, reliability, safety and sustainability challenges.”
The company has also received numerous awards recently for its innovative technologies. In late 2010, Honeywell was awarded a Silver Palm Award from the Paper Industry Technical Association’s (ATIP) in France, for its Precision FotoFiber solution. In February 2011, Honeywell’s Experion® Process Knowledge System (PKS) R400 control and automation platform was awarded the Control Engineering 2011 Engineers’ Choice Award in the process control systems category. HPS also received awards from the leading Chinese automation and control website, Gongkong for its Experion® LS solution and its Lifecycle Management services.
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Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges.
For more news and information on Honeywell, please visit www.honeywellnow.com.
Honeywell Process Solutions is part of Honeywell’s Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywell.com/ps.
This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.