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New Standard Cabinets for Honeywell's Universal Input/Output Modules Reduces Costs, Improves Completion Times

HOUSTON, Sept. 22, 2014 Honeywell ( NYSE: HON) Process Solutions today announced the release of Universal Cabinets for its Universal input/output (I/O) modules to reduce project costs and improve on-time completions.Honeywell's Universal I/O modules, introduced in 2012, allow operators to quickly and remotely configure channels as analog or digital I/O using Honeywell's proprietary Universal Channel Technology software. Honeywell's Universal Cabinets incorporate Universal I/O modules and make the entire cabinet a standard part, helping operators to more efficiently install and maintain these critical components. "On-time project execution, whether greenfield or brownfield, is important to the overall success of a project," said Frank Whitsura, vice president and general manager, Honeywell Process Solutions. "These standard cabinets can play a key role in on-time start-ups by removing I/O from the critical path. Project managers essentially can order universal cabinets by the pound', rather than the traditional method of customized cabinets, helping to reduce the impact of changes on automation project schedules, especially late in a project cycle. This is critical for our customers."Another significant advantage of the Universal Cabinets is the reduction in the number of spares that are needed. Because each channel can be configured to serve as an analog or digital input or output, there is no need to maintain a stockpile of spares for each different module. Large projects could have more than 10,000 I/O points, so fewer spares can equal significant savings on inventory and storage costs. Maintenance is also easier with only one type of module.Universal Channel Technology is available for Experion PKS? and Safety Manager , covering all process control, safety and fire and gas needs with Universal Process I/O or Universal Safety I/O . Both remote I/O needs and rack room cabinets can benefit because changes in I/O type configuration can be easily accommodated from the control room. Universal I/O is also a key component of LEAP™ , Honeywell's new lean project execution services, that was announced earlier this year. LEAP combines universal I/O, virtualization and cloud engineering to give users greater scheduling flexibility while reducing risk and total automation costs by up to 30 percent. It can also help reduce avoidable schedule delays by up to 90 percent. LEAP can be beneficial for greenfield as well as brownfield projects and each of the LEAP technologies can be used individually or in combination to improve implementation costs and schedule. For further information about LEAP and universal I/O, visit the LEAP web site on www.honeywellprocess.com Honeywell Process Solutions ( 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. Process Solutions is part of Honeywell's Performance Materials and Technologies strategic business group, which also includes UOP, a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing 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.