Simulation Software optimizes plant performance.
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Press Release Summary:
UniSim(TM) includes UniSim Design Suite, which offers HYSYS® software, steady-state and dynamic simulation, design, performance monitoring, optimization, and business planning for processing plants. UniSim Operations Suite provides multi-function dynamic simulation to optimize operating capabilities and staff skills. UniSim Optimization Suite ensures responsiveness to changes in business demands through close linkages with planning, scheduling, and management functions.
Original Press Release:
Honeywell Launches UniSim Simulation Solution
UniSim Software and Services Can Improve Plant Performance From Process Design to Employee Training to Business Planning
PHOENIX, Mar. 10, 2005 - Honeywell (NYSE:HON) today announced the launch of its UniSim(tm) simulation solution, a family of software and engineering services designed to improve performance throughout the lifecycle of a processing plant. With this comprehensive simulation solution, oil and gas processors, petroleum refiners, power and chemical manufacturers can more easily capture and share process knowledge, improve plant profitability, reduce engineering costs, and maximize the return on their simulation investments.
"Simulation is a powerful and proven tool that offers users significant benefits in many areas of plant design and operations," said Tom Fiske, research director, ARC Advisory Group. "With the launch of UniSim, Honeywell improves its value proposition to its customers as well as its position in the marketplace. Performance-driven users will be able to leverage process knowledge for a wide variety of applications including process optimization."
With the UniSim solution, process manufacturers can design and 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. As part of this new offering, Honeywell has created a dedicated team that provides advanced engineering services to enhance plant performance through simulation.
UniSim solution software is built from the most robust simulation technologies available, including Honeywell's Hyprotech(r) modeling software, Shadow Plant(r) simulation software and the OTISS(tm) process simulator.
"Customers can rely on Honeywell to help them create greater value from their investment in simulation at every step of the plant's lifecycle," said Jack Bolick, president of Honeywell Process Solutions. "With UniSim, customers can improve steady-state process design early in their plant lifecycle and reuse the process knowledge and modeling effort in the operations and optimization stages in a plant, reducing costs and increasing return on investment."
The UniSim solution includes the following:
o The UniSim Design Suite, which includes the latest release of HYSYS(r) software, offers steady-state and dynamic simulation, design, performance monitoring, optimization and business planning for oil & gas production, gas processing, petroleum refining and chemical industries.
o The UniSim Operations Suite, which provides highly accurate, multi-function dynamic simulation to improve operating capabilities and enhance staff skills.
o The UniSim Optimization Suite, which ensures responsiveness to changes in business demands through close linkages with planning, scheduling, and management functions.
o The UniSim Dynamic Engineering Studies Group, a dedicated Honeywell service team that evaluates the impact of proposed process-design changes on future plant performance.
The UniSim solution extends the capabilities of Honeywell's Experion(tm) Process Knowledge System (PKS) by improving its ability to gather data throughout the plant, and coupling it with process knowledge embedded in process simulation models. UniSim software is also designed to integrate with Invensys, Siemens, Yokogawa, Emerson and ABB advanced control and operator training systems.
To learn more, customers can contact Honeywell at simulation@honeywell.com or visit www.honeywell.com/ps.
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.
UniSim(tm), Experion(tm) and OTISS(tm) are trademarks and Shadow Plant(r), is a registered trademark of Honeywell International Inc. All other marks are trademarks of their respective owners.
Contacts:
Erik Rasmussen
602-313-4054
erik.rasmussen@honeywell.com
Melissa Holm
T: 952-346-6508
mholm@webershandwick.com
