Honeywell Wins $5 Million Contract to Speed Up Production and Expand Capacity for Harmsworth Quays Printing
LONDON, Dec. 12, 2006 - Honeywell (NYSE:HON) announced today that it has signed a $5 million contract with printing press supplier Koenig & Bauer to install its Printa Press Control System to help Harmsworth Quays Printing Ltd (HQP) speed up its production processes and improve its ability to deliver more colour pages to newspaper readers.
The contract will help provide expanded print capacity and capabilities to Harmsworth, a subsidiary of UK publishing group Associated Newspapers, which owns national newspapers The Daily Mail and The Evening Standard.
Honeywell will install an extension to its existing Printa Press Control System in HQP's printing plant in Surrey Quays, London. The system extension is part of HQP's expansion of its Koenig & Bauer printing presses and will significantly speed up the printing process, increase HQP's ability to combine different printing presses, resulting in the ability to produce increased numbers of colour pages within newspapers.
"We are very happy to continue our relationship with Honeywell through Koenig & Bauer" said John Bird, managing director at HQP. "The flexibility of the Honeywell system has allowed us to minimize the interruption to our business."
The Printa Press Control System is highly cost efficient because it can be extended to existing printing machines so that investments made in existing equipment can be leveraged. The effective life of the Printa Press Control System can exceed 25 years.
"Honeywell knows that to remain competitive in the printing industry, it is essential to invest in new technology to continually improve production efficiency and quality, and to deliver new product enhancements that meets market needs," said Timo Saarelainen, director of Honeywell pulp, paper and printing centre of excellence. "Honeywell
's Printa Process Control System will allow HQP to provide a faster, cost-effective and superior product to meet the ever-increasing expectations of retail customers and UK newspaper readers."
Honeywell International is a $31 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 Honeywells 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.
Erik Rasmussen
Phoenix, Ariz.
602-313-4054
Erik.rasmussen@honeywell.com
Matti Pulkkinen
Varkaus, Finland
+358 17 5789 319
Matti.pulkinen@honeywell.com
