Experion R300 Recognized for Delivering Exceptional Value to Plant Engineers
PHOENIX, Jan. 11, 2005 – Honeywell (NYSE:HON) has been named a finalist in Plant Engineering’s 18th annual Product of the Year competition. The magazine has recognized Honeywell’s Experion® Process Knowledge System R300 product for significantly impacting plant engineering functions at process facilities.
“Our panel of experts agreed that R300 is unique to the market and delivers value that was previously unavailable to plant engineers,” said Bob Vavra, Plant Engineering editor in chief. It’s always a tough decision to narrow the field of finalists, but Honeywell has proven itself a worthy candidate with this product, in particular.”
Experion R300 features an innovative redesign of its automation and control platform hardware, giving operators more flexibility and control of operations.
Its open and secure architecture includes new embedded cyber security technology to prevent message flooding and denial of service attacks. R300 also features an automated backup and restore product, which no other competitor offers in its control system. This feature allows customers to recover and restore their failed nodes within a few hours as compared to days in some cases when manual back-up procedures are used.
This is significant because each hour a production line is down can cost a company as much as $25,000 an hour.
To improve system uptime, R300 also includes an integrated solution that automates complex procedures to improve operator efficiency. These enhanced procedural operations help reduce shut-down and start-up incidents by capturing and implementing best work practices. According to an Abnormal Situation Management (ASM®) Consortium study, an average $2.5 million per year can be avoided by managing operating procedures.
“We feel privileged to be recognized by Plant Engineering as a finalist in this competition,” said Jack Bolick, Honeywell Process Solutions. “R300 is the result of much research and hard work, so it’s especially gratifying to be considered for such a prestigious honor as Product of the Year.”
Plant Engineering readers will choose winners in 16 categories as well as a grand prize winner. Awards will be presented in March 2006.
Honeywell International is a $26 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.
Experion® and ASM® are registered trademarks of Honeywell International Inc.
# # #