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HONEYWELL TO WORK WITH WARWICK UNIVERSITY ONPIONEERING RESEARCH INTO BEHAVIOURAL CHANGE

LONDON, April 16, 2014 Honeywell (NYSE: HON) announced today the creation of a Knowledge Transfer Partnership' (KTP) with Warwick University to research and identify the best ways of triggering long-term behaviour changes that help reduce energy consumption in buildings.Under the project, a PhD graduate student from Warwick University will work with Honeywell Building Solutions and its customers over an 18-month period to design, develop and test behaviour change triggers, and to identify the most effective that should be incorporated into commercial energy efficiency programmes to drive reduction in energy consumption. Professor David Elmes, head of the Warwick Business School (WBS) Global Energy Research Network and Daniel Read, Professor of Behavioural Science, will supervise the research, supported by Honeywell Building Solutions, the Technology Strategy Board and the Economic and Social Research Council. "Building operators currently rely on posters, energy dashboards and educational workshops to encourage change in the behaviour of a building's users. But could the effectiveness of those tools be improved, could we increase the sustainability of the change and are there other methods we should be implementing, underpinned by psychology?" says Matthew Eastwood, managing director-UK for Honeywell Building Solutions. "This important and practical research and development programme will help us to find the answers."David Elmes, added, "Effort into new sources of affordable energy needs to be balanced with new thinking on how we use energy. We are excited to be part of this collaboration, which will see how research at WBS can hopefully be included in Honeywell's services."The Technology Strategy Board has been established by the Government as an arm's-length body funded by the Department for Business, Innovation and Skills to stimulate innovation by working with business and other partners in order to accelerate growthThe Economic & Social Research Council has the same status as the TSB, receives most of its funding from the same Government department and uses it to support independent, high quality research which has an impact on business and the public sector.Honeywell ( 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; turbochargers; and performance 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.
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