Honeywell Signs Alliance Agreement with OLI to Enhance Unisim Design Simulation Solution |

Honeywell Signs Alliance Agreement with OLI to Enhance Unisim Design Simulation Solution

May 172005
Honeywell and OLI Systems Software Improves Analysis, Design and Operation
of Industrial Processes Involving Aqueous Electrolytes

PHOENIX, May 17, 2005 - Honeywell (NYSE:HON) today announced an alliance
agreement with OLI Systems, Inc. to enhance Honeywell's UniSim(tm) Design
simulation solution for the process industries. Under the agreement,
Honeywell and OLI will offer UniSim OLI, a new software solution that will
enable process engineers to quickly and reliably perform process modeling
and analysis of aqueous electrolyte systems.

"The agreement with OLI is the first of many collaborations with
best-in-class engineering technology providers who have unique expertise
relevant to Unisim Design," said Mark Hagen, director of advanced solutions
for Honeywell Process Solutions. "Honeywell is committed to restoring the
leadership status of the legacy HYSYS(tm) product line through both internal
investment and the embracing of partners such as OLI. OLI is the technology
leader in aqueous chemistry and we look forward to expanding this
relationship for the benefit of our clients."

UniSim OLI will be available as an optional add-in as part of the first
commercial release of the UniSim Design, scheduled for June 2005. UniSim OLI
will comprise:
* The Interface for UniSim OLI - owned and leased through
* The OLI Alliance Engine for UniSim OLI - owned and leased
through OLI

"OLI sees great promise in an alliance with Honeywell because it has
expressed a considerable appreciation for our unique technology and the
software that encompasses this technology," said Marshall Rafal, president
of OLI. "At the same time, Honeywell has already earned a position of
considerable trust and respect throughout the process industries. We are
committed to helping to make this a win-win-win for the customers, for
Honeywell and for OLI."

OLI is the world's leading provider of technology and software for
applications involving electrolytes and corrosion. OLI software is currently
used by most of the largest oil and gas and chemical companies in the world.
In addition, many U.S. government labs use OLI software. OLI's technology
development has been greatly accelerated and enhanced by several major
grants from both the U.S. Department of Energy and the U.S. Department of

About Honeywell
Honeywell International is a $26 billion 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,
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. For additional information, please visit

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

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.

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