Honeywell Receives Over $70 Million In Orders For Process Safety Management Solutions
SIL3-Rated Safety Technology, Proven Experience, and Integration with Experion PKS Motivate Customer InvestmentsLONDON, Feb. 4, 2004 - Honeywell (NYSE: HON) announced today that it received over $70 million in orders related to its process safety management solutions in 2003. Demand continues to grow through purchases from a variety of customers worldwide, including oil and gas, petrochemical, power generation, chemical, and refining customers. The dual benefits of Honeywell's safety management solutions are the integration with the latest release of Experion Process Knowledge System(tm) (PKS), while maintaining the security of an independent environment from the mainline control system. The result is a unified safety system solution, elevating safety and process availability - as well as production and profitability.Customers cite Honeywell's almost 30 years of process safety management experience, industry-leading technology, and tight integration with Honeywell's Experion as primary reasons for choosing Honeywell. Honeywell's latest safety management offering, Safety Manager PKS, increases safety and reliability, reduces process trips and reduces the cost and extent of safety incidents. Safety Manager PKS is the next evolution of Honeywell's highly successful Fail Safe Controller (FSC®) safety system - the global market leader in diagnostic-based safety management solutions for more than 15 years. "Safety Manager PKS is based on Honeywell's field-proven Quadruple Modular Redundant (QMR), diagnostic-based technology with a 2oo4D architecture, which offers unlimited run time for single channel operation, thus increasing process availability, " said Asish Ghosh, Industry Analyst for the ARC Advisory Group. "It provides tight integration with Experion PKS to offer unified safety system architecture, allowing improvements in both safety and availability of a manufacturing process."Safety Manager PKS provides the basis for integrating SIL (safety integrity level) rated sensors and valve actuators in the field ensuring that safety functions are well in place to protect complex and hazardous processes. It elevates safety practices such as process and emergency shutdowns, equipment protection, fire and gas monitoring and critical control. Honeywell is the leading provider of process safety management solutions with over 5000 systems installed worldwide. Honeywell International is a $23 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced 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 www.honeywell.com. 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 www.acs.honeywell.com.
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