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Honeywell Reports $200 Million in Experion PKS Orders Since System's April 2002 Introduction

Strong Demand from Refineries, Chemical, Pharmaceutical Industries

PHOENIX, March 11, 2003 -- Honeywell (NYSE: HON) Industry Solutions said today that it has received orders totaling approximately $200 million for its Experion PKST, the next-generation business, process and asset management system introduced in April 2002. Deliveries of the system began as scheduled in January 2003.

Experion PKS enables customers to integrate, control and monitor complex processes in many types of industrial settings, including refineries, pharmaceutical plants, power and chemical plants, and pulp, paper and printing mills. By making possible site-wide management of production process knowledge, as well as site-wide workflow optimization, Experion PKS helps customers control the entire scope of production, simultaneously addressing the needs of operations, maintenance, engineering and business.

"With Experion PKS, companies in process manufacturing can reduce costs, improve productivity and easily and cost-effectively migrate existing control systems to next-generation, open-systems technology," said Jack Bolick, President of Honeywell Industry Solutions. "By taking full advantage of open standards and technologies, Experion PKS not only streamlines migration from legacy systems, but also eases integration with customers' other enterprise applications."

Customers in the oil and gas industry account for approximately 75% of initial Experion PKS orders. The first Experion PKS shipment was to ConocoPhillips in January 2003 for its Wood River Refinery, located just northeast of St. Louis. The 1,888-acre refinery, ConocoPhillips' largest, produces gasoline, diesel fuel, jet fuel, propane and asphalt, with a crude oil processing capacity of 286,400 barrels per day.

"We chose Honeywell because of our longstanding relationship and the
ability to easily integrate our legacy systems with the new Experion PKS system," said Ronald Moidel, Control Systems Engineering Team Leader at the ConocoPhillips Wood River Refinery. "Also, Honeywell's high-level commitments to deliver the Experion PKS solution with the functionality we required and in the timeframe that would meet our critical project schedules was very important to us."

Brunei Shell Petroleum also chose Experion PKS for monitoring, control and safety shutdown operations at its Well Jacket-2 platform off the coast of Brunei, Darusslam. The oil company expects the system will result in lower initial capital expenditures as well as lower ongoing operational costs. "Honeywell has demonstrated that they have the products, solutions, capabilities and resources to fulfill the project
requirements," said Leong Woon Choon, Project Manager for Brunei Shell. "We are convinced that Honeywell can execute and deliver the required solution for the project."

Experion PKS is the platform for Honeywell's complete Process Knowledge Solution suite of knowledge-driven applications, technologies and services. The system helps customers capture and manage information that they can use to increase productivity, safety, profitability and overall operational effectiveness.

"Experion combines Honeywell's legacy expertise in bulletproof-control systems with a common hardware platform, scalability for large to small systems and backwards compatibility with legacy systems," said Larry O' Brien, ARC Advisory Group's Research Director for Process Industries. Such engineering effectiveness protects Honeywell's installed customers' system investments by providing complete and seamless integration between its Total Plant Solution and Experion PKS systems. Controllers from as far back as 1974 can be fully integrated with Experion PKS.

In addition, only Honeywell has Abnormal Situation Management (ASM)
Consortium research built into its products. Abnormal situations are estimated to cost the petrochemical industry alone as much as $20 billion annually. Providing plant employees with the right information at the right time improves decision-making and reduces abnormal situation occurrences, leading to substantial savings.

"Honeywell continues to leverage its involvement in the ASM Consortium to create new products that enhance plant safety and security, enabling users to avoid abnormal situations rather than react to them," said ARC's Mr. O' Brien.

Experion PKS enables continuous and efficient monitoring of the
condition of the system and all of the processes that impact it.
Competitors' asset management systems focus upon replacement of devices. Experion, by contrast takes input from devices, prioritizes the data and turns it into information customers can act on to make well-informed decisions that benefit productivity, efficiency and operating costs. This approach to asset management can reduce customers' instrument- and control-system maintenance costs by up to 30%.

"As systems become more autonomous, the ability to comprehend and
maintain the entire system can diminish rapidly. The Experion
architecture addresses this issue with its integrated plant asset
management capabilities," Mr. O'Brien added.

Among the many other customers selecting Experion PKS since its 2002
introduction are Shin-Etsu, Ahlstrom, Lenzig Papier and Tembec
Paperboard. Contracts in the chemicals and pharmaceuticals industries, and pulp and paper business, account for about 25% of the $200 million in Experion PKS orders to date.

"As our year-to-date order volume shows, Experion PKS is gaining
momentum in the marketplace thanks to its ability to deliver the results our customers desire," Honeywell's Mr. Bolick said. "Experion PKS enables our customers to dramatically improve their manufacturing and production processes by offering a solution that extends from sensors and field instrumentation to enterprise manufacturing execution and supply chain management."

Honeywell International is a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; automotive products; specialty chemicals; fibers; and electronic and advanced materials. Based in Morris Township, N.J., Honeywell is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. Its shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. For additional information, please visit www.honeywell.com.

Honeywell Industry 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 Industry Solutions, access http://www.acs.honeywell.com/.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.

Experion PKS T, Process Knowledge System T, and Process Knowledge
Solution T are trademarks of Honeywell International, Inc.

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