Honeywell Becomes Associate Member Of Cape-Open Laboratories Network
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PHOENIX, Oct. 13, 2005 - Honeywell (NYSE:HON) today announced the
approval of its membership in the CAPE-OPEN Laboratories Network (Co-LaN).
Co-LaN is a neutral industry and academic association promoting open
interface standards in process simulation software.
CAPE-OPEN compliant interface is an industry standard for software
developers. Products that meet this standard are "CO Compliant" and can
integrate seamlessly with other "CO Compliant" applications.
"This membership enhances Honeywell's UniSim(tm) simulation solution because
our design, operator training and optimization solutions will allow our
customers access to technologies from other providers, as well enabling them
to integrate their own technologies into a comprehensive simulation
solution" said Rob Eastick, UniSim Product Manager, Honeywell Process
Solutions.
The UniSim solution lets process manufacturers design, test new processes
offline, and train employees prior to implementing the process. Once the new
process is online, the UniSim solution supports process control and
optimization, performance monitoring and business planning.
Being a CO-LaN member puts Honeywell at the "learning edge," acquiring the
ability to create business and technology architectures that take full
advantage of transparent access to CAPE resources. Through CO-LaN
membership, Honeywell and its customers will benefit in the following ways:
* Decreased Time to Market. CAPE software providers share the
cost of foundation technology (the interface definition), decreasing product
time-to-market and lengthening the period for their product life cycles.
* Influencing the Technology Adoption Process. CAPE software
providers and users, through well-proven collaboration mechanisms, jointly
shape CAPE standards that better meet needs, hence enabling suppliers and
users to make sound and timely business and technology development decisions
based on known and quantified requirements.
* Networking with Industry Experts. CO-LaN allows software
providers and users to develop a convenient means to discuss CAPE issues in
an informed manner and solve shared problems.
* Increased Return On Investment. Market participants can
assure that investments made in building the foundation for CAPE
interoperability meets their product planning and operational needs.
* Implementing New Business Models. The innovative component
technology behind the CO standard will facilitate new business models for
simulation software vendors who will be able to act as application service
providers.
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.
UniSim(tm) is a trademark of Honeywell International Inc.
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Erik Rasmussen
602-313-4054
erik.rasmussen@honeywell.com
