Honeywell Helps Town Of Tolland Improve Facilities And Cut Costs

Self-Funding Project Expected to Cut Energy Use and Utility Bills in Town Facilities and Schools, and Introduce Renewable, Geothermal Heating and Cooling

News provided by

Honeywell

Nov 13, 2013, 09:00 ET

TOLLAND, Conn., Nov. 13, 2013 /PRNewswire/ -- Honeywell (NYSE:HON) today announced a retrofit and revitalization project that is expected to save Connecticut's Town of Tolland nearly $600,000 a year in utility and operating expenses, funds that will be used to make energy-efficient upgrades across multiple municipal buildings and four public schools.

Tolland will finance a portion of the building improvements with a 20-year, $10-million performance contract with Honeywell. As a result, the town can pay for most of the work with the annual cost savings, guaranteed by Honeywell, rather than drawing from additional public resources. The town also plans to supplement the investment with an estimated $350,000 in incentives from Connecticut Light & Power.

Among the improvements is the installation of geothermal technology at Tolland Middle School and Intermediate School. This renewable resource will help enable the schools to manage comfort by tapping into the stable temperatures below the earth's surface — to provide heat in the winter months and cool the facilities in summer.

"Public entities often need support making upgrades or they'll continue deferring projects year after year, and the backlog and needed capital grow," said Paul Orzeske, president of Honeywell Building Solutions. "Energy savings performance contracts are vital because they allow municipalities like Tolland to improve facilities in a way that benefits the town and its taxpayers."

"This project helps the community avoid significant upfront costs while guaranteeing long-term savings from the equipment and conservation measures installed," said Steve Werbner, Tolland town manager. "With Honeywell, the Town Council and Board of Education's help, we were able to identify upgrades that would have a lasting impact on our buildings and schools. It's a smart, cost-effective investment in the town's infrastructure."

The project includes a variety of enhancements:

A new building automation system that will help enable facility operators to manage building systems in all four schools, such as heating, ventilation and air conditioning (HVAC), from a centralized location;
Updated lighting controls and energy efficient lighting;
HVAC mechanical upgrades, including new high-efficiency boilers;
Water conservation measures including low-flow toilets and faucets; and
Weatherization improvements to minimize the loss of warm and cool.

And the work will impact facilities across Tolland, primarily the town's high, middle, intermediate and primary schools. Other buildings involved include the fire stations, Fire Training Center, Police Headquarters, Highway and Parks & Facilities Garages, Old Tolland County Jail and Museum, Old Town Hall, and the Crandall Lodge.

In addition to saving money, the facility upgrades are expected to reduce Tolland's greenhouse gas emissions by 2,585 metric tons — equivalent to removing 570 vehicles from the road. Honeywell will start construction this month and plans to complete the improvements by
the end of 2014.

A global leader in energy efficiency, Honeywell has completed more than 5,000 energy-efficiency projects around the world, work that is guaranteed to deliver more than $5 billion in energy and operational savings to customers. For more information, follow @HoneywellBuild on Twitter or visit Honeywell Building Solutions on the Web.

Honeywell (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; turbochargers; and performance 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.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. 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.