Honeywell Introduces Asset Manager PKS, a Knowledge-Driven Asset Management Solution for Industrial Automation | Automation.com

Honeywell Introduces Asset Manager PKS, a Knowledge-Driven Asset Management Solution for Industrial Automation

PHOENIX, Arizona, October 21, 2002 - The Industry Solutions business of Honeywell [NYSE:HON] Automation and Control Solutions announced today Asset Manager PKS™, a Process Knowledge Solution™ that increases control system effectiveness by automatically and continuously monitoring the condition of plant assets.

Asset Manager PKS is embedded within Experion PKS™, Honeywell’s next-generation Process Knowledge System™ that is used in industrial
plants and mills to control, monitor and integrate complex processes.

Experion PKS Process Knowledge Solutions enable employees with knowledge-driven applications and technologies to capture and manage
information ¯ optimizing production and improving profitability throughout the organization.

“Asset Manager PKS allows organizations to control and manage all
asset-related aspects of processes from the smallest field-connected
device to some of the most complicated processes,” said Greg Irving, VP of Technology for Honeywell Industry Solutions. “Using Asset Manager PKS, time spent managing and configuring asset management activities is reduced by 90 percent,” said Irving.

Asset Manager PKS continuously monitors the status, events and operating conditions of all Experion PKS assets and field-connected devices, resulting in an efficient condition-based maintenance solution.

Condition-based maintenance enhances instrument reliability and reduces instrument and control maintenance costs up to 30 percent. As a process-centric solution, Asset Manager PKS contributes toward overall control system effectiveness and incident avoidance by continuously monitoring the condition of the complete process rather than only the status of the system.

Asset Manager PKS pre-populates its database with current configurations in Experion PKS and FOUNDATION* fieldbus devices allowing more time to address problems rather than configure another new system. Setting up hierarchy views, defining fault models, activating diagnostic tests and scheduling notifications allow users to subscribe to areas including asset types, process areas and problem scenarios related to safety, the environment, production and reliability. Elevating maintenance activities to the next level, Asset Manager PKS not only monitors devices, but sends timely notification of current device conditions to employees designated with responsibility for particular devices.

The initial release of Asset Manager PKS integrates with PlantScape®
System Release 500 and all future Experion PKS releases to provide the best choice in asset management.

Asset Manager PKS interfaces with Experion PKS Process Knowledge Solutions that include Loop Scout, the control loop management solution; the DocuMint® system for calibration management; and Mobile PKS, the first wireless human interface to industrial process automation.

Automation and Control Solutions is a US$8 billion global leader in
providing product and service solutions to create efficient, safe, and comfortable environments, and help business and industry improve
productivity and profitability. ACS has three businesses: Industry
Solutions; Service; Automation and Control Products. It offers heating, ventilation, humidification and air-conditioning equipment controls, security and fire alarm systems, home automation systems, energy-efficient lighting controls, and building management systems and services. It also provides automation systems, advanced software solutions, and value-added services used in a variety of industries. ACS is also a global supplier of sensors, switches, and control products for industrial applications. For more information about ACS, visit www.honeywell.com/acs.

Industry Solutions, a global business in the Honeywell Automation and Control Solutions group, provides automation and business solutions for industrial manufacturers to improve productivity, compliance, safety, and decision-making. Through applied knowledge and innovation, Industry Solutions helps customers achieve superior business results. For more information about Industry Solutions, access http://www.acs.honeywell.com/.

Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; specialty chemicals; fibers; plastics; and electronic and advanced materials. Honeywell employs approximately 108,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It 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. Additional information on the company is available on the Internet at
http://www.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™, Process Knowledge System™, PKS™ and Process Knowledge Solution™ are trademarks and PlantScape® and DocuMint® are registered trademarks of Honeywell International, Inc.

*FOUNDATION is a trademark of the Fieldbus Foundation.

Honeywell Industry Solutions
16404 N. Black Canyon Highway
Phoenix, AZ 85053
1-800-223-8947
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