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Honeywell's Newest Uniformance® Technology Boosts Asset Uptime, Slashes Maintenance Costs

HOUSTON, June 17, 2015 Honeywell (NYSE:HON) Process Solutions (HPS) today announced the launch of Uniformance® Asset Sentinel, which continuously monitors equipment and process health, assisting industrial facilities to predict and prevent asset failures and poor operational performance.The new offering expands HPS' Uniformance software suite and supports the emergence of the Industrial Internet of Things (IIoT) in the process industry, enabling companies to collect, organize and analyze data for a specific asset or "thing." These analytics can transform work processes from reactive to proactive, helping industrial plant operators avoid unplanned downtime and improve plant performance and safety. "Uniformance Asset Sentinel is the latest evolution of proven technology that is currently watching over billions of dollars of assets across industries, including oil and gas, power generation, mining, refining, and chemical manufacturing," said Mike Brown, global marketing director for HPS' Advanced Solutions business. "With more than four decades of experience in process control and automation, Honeywell is uniquely qualified to bring process-based domain knowledge to build solutions that solve problems from basic to the most complex." Uniformance Asset Sentinel helps companies with industrial assets increase utilization of those assets by up to 10 percent by reducing unplanned downtime. It can also cut maintenance costs by up to 15 percent by better predicting and preventing catastrophic equipment failure and inefficient operations. The technology works by continuously accessing data from a variety of sources, including process parameters, vibration data and alarms. Using a real-time complex event processing engine, Uniformance Asset Sentinel continuously performs performance, health, efficiency and safety-related calculations and compares those results of the current actual performance to an expected performance model. Predicted or detected deviations from these models are used to generate notifications to facilitate investigation and intervention to minimize the cost and frequency of an event. Uniformance Asset Sentinel's pre-defined best practice templates for more than 100 equipment types, such as pumps, compressors, exchangers, valves and turbines combined with its seamless interface to its process design simulation software ( UniSim® Design) helps customers rapidly deploy equipment or process monitoring on any plant asset, eliminating the need for complex model development.Several major refining and chemical facilities are now implementing Uniformance Asset Sentinel to help them overcome the challenge of accessing data from multiple sources and turning it into actionable information. In addition to the positive impact on safety, this capability can translate into higher operational efficiency, agility and, ultimately, higher margins.Learn more about Honeywell's Uniformance Asset Sentinel.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.