Advanced Process Modeling Solution to Improve Process Calculations, Plant Design and Profitability for Linde
OFFENBACH, Germany, June 22, 2006 – Honeywell (NYSE: HON) has signed a major agreement with Linde AG, Linde Engineering Division, for its UniSim® Design Suite. As a leading international engineering and contracting company, Linde Engineering designs and builds turnkey process plants for a wide variety of industrial users and applications. The UniSim Design Suite enables advanced process modeling and will help Linde engineers create steady-state and dynamic models for plant design.
Linde's Engineering Division will use the system for process design projects across the world. As part of the contract, Honeywell will also enter a joint development program with Linde in order to further improve the engineering efficiency.
“Honeywell's UniSim Design Suite and the joint development program are ideally suited to Linde’s needs, providing what we believe will be the best in future simulation software for process design of our olefin, hydrogen and synthesis gas plants," said Dr. Gabriele Engl, manager of Information Systems for Process Engineering at Linde Engineering Division. "UniSim Design will allow our engineers to improve process calculations and more easily determine the most economical and reliable plant design."
“This is an important vote of confidence for Honeywell's UniSim Design Suite and highlights its value to engineering firms and customers who need to optimise process design," said Paul Orzeske, vice president and general manager for Honeywell Process Solutions EMEA. "Using UniSim Design Suite, Honeywell's customers can get better value from their investment in simulation at every step of the plant’s lifecycle.”
“One of the key reasons we chose Honeywell was its flexibility in meeting our requirements," added Dr. Engl. "Honeywell provided a strong, experienced team throughout the bidding and evaluation process and proved that it had the support and development infrastructure in place to handle current and future Linde needs."
UniSim Design Suite is part of Honeywell’s family of simulation software and engineering services designed to improve performance throughout the lifecycle of a processing plant. Based on the HYSYS® intellectual property acquired from Aspen Technology, UniSim Design provides a powerful tool to help engineers create optimal process designs based on critical business objectives. Using industry-specific unit operation models and powerful tools to optimize operating parameters for feedstock changes, UniSim Design enables the steady-state and dynamic simulation of oil, gas and refining processes.
Honeywell International is a $30 billion 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, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. Honeywell Process Solutions is part of Honeywell’s Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywell.com/ps.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
UniSim® is a registered trademark of Honeywell International, Inc. All other brand names are trademarks of their respective owners.
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