Matrikon Acquisition Teamed with Honeywell Technology and Expertise Delivers Industry’s Broadest Portfolio of Advanced Open Software and Services
Orlando, Florida - February 8, 2011
Honeywell (NYSE:HON) today announced that it has formed a new business focused on providing advanced open software and services to the process industries. By integrating the leading open connectivity and broad platform capability of its Matrikon acquisition with its fast-growing applications and solutions business, Honeywell’s new Advanced Solutions business can deliver a breadth of solutions, domain expertise, consultants and technology unmatched by any other vendor.
Honeywell’s solutions enable customers in the mining, chemical, petrochemical, refining, oil & gas and power sectors to deploy enterprise-wide solutions across their process infrastructure to better control and optimize their manufacturing footprint, better extract information and to make faster and smarter decisions that can transform their business.
“Process companies are increasingly demanding solutions that can work with any control system or application seamlessly across the enterprise,” said Ian Brown, vice president, Advanced Solutions. “With Matrikon’s track record for open connectivity, agility and innovation and Honeywell’s unparalleled lifecycle protection and reputation for project execution and products, customers can now get best-in-class solutions available, matched by industry-beating delivery, consulting and support. We are dedicated to helping our customers get the right information, in the right place, and at the right time whether in the plant, across the enterprise, from the cloud or as smart mobile applications.”
Using a unique, outcome-based consulting approach, Honeywell offers customers solutions for supply chain, production execution, and operational excellence, in areas such as energy efficiency, compliance, performance improvement and asset effectiveness. Honeywell also offers solutions for industrial and cyber security, advanced process control and optimization, process design simulation and operator training simulation.
Thanks to the Advanced Solutions portfolio, customers can anticipate problems before they occur, collaborate to overcome obstacles and optimize performance by taking action – resulting in reduced costs, increased overall enterprise profits and business excellence. Customers also benefit from Honeywell’s ability to support their operations regardless of where they are around the world.
The Advanced Solutions portfolio, which includes offerings such as UniSim, Profit Suite, Uniformance PHD and Matrikon, is a part of Honeywell Process Solutions.
MatrikonOPC is not a part of the Advanced Solutions portfolio and will continue to be run as an independent business under Honeywell.
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.