Honeywell Expands Into Iraq With New Baghdad Office

Full-Service Operation Delivers Advanced Technology Solutions to Oil & Gas Customers; Additional Offices Planned Throughout Country

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Honeywell

Oct 05, 2010, 10:00 ET

BAGHDAD, Oct. 5 /PRNewswire/ -- Honeywell (NYSE: HON) today announced it is making a significant investment in Iraq by opening a full-service office in Baghdad. Other offices are being planned in southern and northern Iraq over the next few years. The Baghdad office will supply technology solutions such as process automation equipment to Iraq's oil and gas industry, which is in the midst of re-construction.

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Honeywell is hiring talented local employees, including a number of young engineers who will be enrolled in the company's Junior Engineer Talent Programme, a global curriculum providing extensive training on Honeywell solutions and project management skills. The local employees will join a team of expatriates with deep, specialized experience in both process automation and the oil and gas and refining industries.

"Honeywell is uniquely positioned to play a key role in the reconstruction and development of Iraq," said Norm Gilsdorf, president of Honeywell Process Solutions. "We are committed to a full-scale presence in order to most effectively manage projects and build and nurture local relationships. Our diverse portfolio of products and services across a range of industries allows us to serve Iraq's needs extensively, while our strong local presence will deliver an exceptional customer service experience."

The company is inviting local customers – including engineers, supervisors, operators and managers – to visit the Baghdad headquarters, which will showcase the full breadth of Honeywell's vast technology portfolio. That portfolio spans everything from industrial automation to security systems, specialty chemicals and aviation technology. In addition to industrial manufacturers such as oil refiners, the larger Honeywell International corporation serves a wide array of industries including education, commercial and residential facilities, aerospace companies and automotive manufacturers.

"The diverse nature of our technology and global customers truly makes Honeywell an exciting place to work because we get the chance to touch nearly every critical technology industry in the world," Gilsdorf said. "For decades, we have focused on creating solutions for our customers' problems, and that has paved the way for some of our most innovative technologies."

Honeywell initiated its entry into Iraq through close collaboration with the US Department of Defense Task Force for Business and Stability Operations as well as the Iraqi National Investment Commission, which provided local assistance and counsel.

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.

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