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Honeywell Intensifies Efforts To Fight Counterfeit Refrigerants In The Middle East

November 24, 2011

Honeywell Intensifies Efforts To Fight Counterfeit Refrigerants In The Middle East

BRUSSELS, Nov. 24, 2011 Honeywell (NYSE: HON) announced today that it has expanded its ongoing campaign against counterfeit refrigerants being fraudulently sold under the Honeywell Genetron brand name in Middle East.In August, the combined efforts of police, customs, local municipalities and other government officials resulted in the seizure of approximately 6,000 cylinders in the UAE alone of materials branded as Honeywell Genetron 134a, but that actually contained dangerous toxic and flammable substances. "We have invested substantial resources to develop and commercialise our innovative refrigerant technology. We are taking the necessary actions to protect that investment and ensure that users get the high-quality product they need," said Paul Sanders, Managing Director for Honeywell Fluorine Products in Europe, Middle East, Africa and India. Honeywell also started using a new security measures to detect counterfeit refrigerants. The new anti-counterfeit technology allows for the identification of non-authentic products much faster and more easily than was previously possible. Simultaneously, Honeywell continues efforts to build awareness among end customers on risks of using counterfeit products. "We created simple posters for garages and services, where we explain in simple terms how dangerous it can be use non-genuine products," added Sanders. The use of counterfeit refrigerant can create serious health and safety risks. Tests showed that counterfeit cylinders claiming to contain Genetron R-134a in fact contained flammable and unsafe mixtures. Use of such adulterated products could create health and toxicity issues and could be harmful to refrigeration equipment. All Genetron refrigerants go through extensive tests to assure quality and safety. These properties can be guaranteed only when buying the refrigerant from Honeywell-authorised suppliers. Honeywell has actively pursued counterfeits for over 10 years with successful seizures in more than 20 countries covering six continents. During the last two years alone, Honeywell, working with local governments, have seized more than 200,000 counterfeit products.Honeywell Specialty Materials is a global leader in providing customers with high-performance specialty materials, including fluorine products; specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; electronic materials and chemicals; and technologies and materials for petroleum refining.Honeywell International ( www.honeywell.com) is a Fortune 100 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, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.
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