Honeywell Highlights Impact of Commercial and Industrial Energy Management on the Smart Grid at GridWeek 2010

Akuacom and E-Mon Acquisitions, Investment Grants Driving Honeywell Smart Grid Momentum

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Oct 18, 2010, 09:00 ET

MINNEAPOLIS, Oct. 18 /PRNewswire/ -- Honeywell (NYSE: HON) today announced that Paul Orzeske, president of the company's Building Solutions business unit, will discuss the critical role commercial and industrial facilities play in the success of the smart grid at the GridWeek conference — an important topic since buildings account for 70 percent of all electrical use. Orzeske will lead a panel discussion with energy experts from Jones Lang LaSalle, Merck, PJM Interconnection, Staples, U.S. General Services Administration and U.S. Green Building Council.

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"Smart grid is not just about modern utility systems, hardware and meters," Orzeske said. "It's about creating a more stable and secure energy future, and consumers of all stripes are central to that goal. Commercial and industrial facilities tend to get overlooked in this conversation, but they use the most energy by far. So we need to give organizations the technology to link to the smart grid, and proactively manage energy consumption and costs in their building."

Scheduled for Oct. 20 at the Walter E. Washington Convention Center in Washington, D.C., the panel will address the opportunities and challenges businesses face in connecting their energy- and demand-management efforts with an increasingly dynamic electrical grid to lower operating costs and reduce carbon emissions.

"The smart grid is at an exciting growth point," Orzeske said. "Building and factory owners, and grid operators are forming important new relationships. And we're helping create bonds that are effective and beneficial to everyone involved."

Honeywell is positioned to support the development of the smart grid through the implementation of industry-leading commercial, industrial and residential controls, as well as the application of energy efficiency and demand response expertise.

Recent grid-focused news in Honeywell includes:

September 2010

Dan Sheflin, vice president and chief technology officer for Honeywell Automation and Control Solutions (ACS), was named chairman of the National Institute of Standards and Technology (NIST) Smart Grid Federal Advisory Committee.
Honeywell received a $2.2-million investment grant from the U.S. Department of Energy (DOE) to research, develop and commercialize a "role-based access control" system to help secure the smart grid and other critical infrastructure.
Honeywell opened a smart grid demonstration center in Bangalore, India, showcasing automated demand response technologies for commercial and industrial facilities.

August 2010

DOE awarded Honeywell a $1.6-million cooperative agreement to develop a context-aware smart home energy manager (CASHEM), which will dynamically schedule major home appliances according to rate changes, grid conditions and homeowner preferences. It will also monitor and analyze energy consumption, and recommend further energy saving actions.

July 2010

Honeywell acquired E-Mon, LLC, a manufacturer of electric submetering products and systems that help companies better understand and control energy use and costs — critical capabilities in a smart grid environment.

June 2010

Novar, a division of Honeywell that manages energy load for multi-site businesses, launched FlexStart, a program that allows customers to rent smart grid-ready building controls and energy management systems to gain immediate savings without an up-front investment.

May 2010

Honeywell acquired Akuacom, which gives utilities and independent system operators the ability to automate the delivery of price and reliability signals to commercial and industrial facilities, and more effectively trim peak demand.

February 2010

Honeywell added "time-of-use" programming to its Prestige® thermostat, enabling homeowners to automatically adjust their energy use based on a utility's variable pricing plan.

November 2009

Honeywell won an $11.4-million smart grid investment grant from the DOE to support a critical peak pricing response program that will use Akuacom's technology to help 700 commercial and industrial facilities in California reduce peak consumption and costs.

Honeywell has a legacy of working with both utilities and their customers, giving it a unique perspective on how to quickly realize the benefits of the evolving grid. With controls in 150 million homes, 10 million buildings and thousands of industrial sites, and experience managing demand response and energy efficiency programs for more than 100 utilities, Honeywell has the offerings and experience to empower smart energy users.

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.

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.

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