., Sept. 22, 2014 Honeywell
announced today that a leading Japanese newspaper has recognized Honeywell's Solstice Liquid Blowing Agent with an award for ozone layer protection and global warming prevention.
The award, the 17th Ozone Layer Protection and Global Warming Prevention Technology Grand Prix, is issued by the engineering and industry-focused Nikkan Kogyo Shimbun daily newspaper, co-hosted by the Japanese Refrigerants and Environment Conservation Organization (JRECO), and supported by Japan's Ministry of Economy, Trade and Industry (METI) and Ministry of the Environment.Blowing agents such as Solstice LBA allow closed-cell polyurethane foam insulation to expand and provide the majority of the foam's excellent insulating properties. Solstice LBA was recognized for its ultra-low global warming potential of 1 and its ability to improve the energy efficiency of insulation in a wide range of applications, including refrigerators, spray foam used in construction, and panels used in construction and cold rooms."We are honored to accept this award for our highly energy-efficient and low-global-warming blowing agent, Solstice LBA," said Sanjeev Rastogi, global business director for Honeywell Fluorine Products. "Customers in Japan and around the world are switching to Solstice LBA, which will have a positive impact on both the environment and the overall efficiency of home appliances and construction."Solstice LBA is being adopted by residential and commercial appliance manufacturers worldwide, including Whirlpool, Haier and Midea, and spray foam and panel construction insulation companies like LaPolla, Kingspan, and SoflanWiz, to reduce their environmental footprint and comply with environmental and energy efficiency regulations. Solstice LBA has an ultra-low global warming potential of 1, which is 99.9 percent lower than HFC-245fa, a commonly-used blowing agent. It is nonflammable and is not a volatile organic compound. It is approved by the U.S. Environmental Protection Agency under the Significant New Alternatives Policy (SNAP) Program and is also registered under the European Union's REACH program. Honeywell's new world-scale production capacity manufacturing plant for Solstice LBA started up in May 2014.In addition to Solstice LBA, Honeywell's family of Solstice-branded products includes stationary and mobile refrigerants, gaseous blowing agents, propellants, and solvents based on Honeywell's new hydrofluoro-olefin technology that helps customers lower their carbon footprint without sacrificing end-product performance.The Solstice products have been developed and are being commercialized by Honeywell's Fluorine Products business, a leader in the manufacture and supply of non-ozone-depleting refrigerants used by top air-conditioning and refrigeration makers worldwide, and blowing agents for energy-efficient foam insulation, as well as hydrofluoric acid and precursors for nuclear fuel.Honeywell Performance Materials and Technologies (PMT) is a global leader in developing advanced materials, process technologies and automation solutions. PMT's Advanced Materials businesses manufacture a wide variety of high-performance products, including environmentally friendlier refrigerants and materials used to manufacture end products such as bullet-resistant armor, nylon, computer chips and pharmaceutical packaging. Process technologies developed by PMT's UOP business ( www.uop.com
) form the foundation for most of the world's refiners, efficiently producing gasoline, diesel, jet fuel, petrochemicals and renewable fuels. PMT's Process Solutions business ( www.honeywellprocess.com
) is a pioneer in automation control, instrumentation and services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, and metals, minerals and mining industries.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. 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. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.333