Honeywell Selected To Automate Korea's Water Resources Corporation Hydro Power Stations
Hydroelectric Power Station Will Use Experion PKS Automation Control System to Improve Production, Safety and Environmental PerformancePHOENIX, Jan. 27, 2004 - Honeywell (NYSE: HON) Process Solutions announced today that it has received a $3.2 million contract to automate control systems for hydro power stations and hydraulic dams for Korea Water Resources Corporation (KOWACO). The contract represents the second phase of a multi-year project to automate and integrate control systems for nine main hydro power stations and hydraulic dams.The project, called Generated Integrated Operating System (GIOS), will enable KOWACO to compete for greater market share when Korea opens its market for electric power. KOWACO now delivers 65 percent of the total hydropower capacity in South Korea and covers approximately 10 percent of the electricity demand in Korea. To increase its market share, KOWACO is building an integrated water resources plant and management system that emphasizes automation and information technology."We are preparing to compete for a greater share of the electric market in Korea," said Young Gue Kim , director of power facilities of KOWACO. "Honeywell has been an excellent partner in the first phase of this project, and has completed our goals. We look forward to working with Honeywell for the next phase of this important project."Honeywell will automate power station operations using its SCADA system and PHD. The integrated automation solution will enable KOWACO to monitor and control operations of nine main power stations and hydraulic dams from its Head End Control Center. KOWACO will use the automation and control system to increase the efficiency of its power station operations. The SCADA solution will be comprised of DB Server, SCADA Server with PLC, OWS ( Operator Work Station ), EWS ( Engineering Work Station ), TSS ( Training Simulator System ), Power Analyzer, LCD Projection System, Network Equipment and Application of Power Generation Information. Honeywell will automate local control systems and build a central database for the power stations and dams. "This is the first project of its kind in Korea," said Desmond Teo, Vice President of Honeywell Process Solutions Asia Pacific. "We are very pleased that KOWACO has awarded us the opportunity to continue the integration of these systems, and we hope to continue to work with KOWACO on future programs."Honeywell is a leading automation solutions provider in Asia Pacific. The KOWACO project is one of several contracts secured in Asia Pacific by Honeywell recently. Other projects include an offshore oilfield development project in China for CNOOC, and a new oil terminal automated by Experion PKS® in Ulaanbaatar, the capital of Mongolia.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. 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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