Software is designed for process industries.
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Press Release Summary:
By unifying business goals with production automation, Business FLEX® R140 enables users to execute projects and make mission-critical business decisions. It also increases flexibility and reliability of operations while optimizing resources. Product includes Operations Management Pro, Production Scheduler for Refining, Production Balance production/yield accounting system, and functions such as KPI Manager and BizCalc Manager.
Original Press Release:
Honeywell Introduces Business Flex R140 for Process Industries
Latest Technology Increases the Flexibility of Operations, Improves Production and Cuts Costs
PHOENIX, Oct. 12, 2004 - Honeywell (NYSE:HON) introduces Business FLEX® Release 140, the latest release in Honeywell's broad portfolio of advanced software solutions that significantly enhance operations in process industries. R140 increases the flexibility and reliability of operations while optimizing resources for oil and gas, refining, petrochemical, mining and minerals, pulp and paper and chemical customers. By unifying business goals with production automation, R140 enables users to execute projects and make mission-critical business decisions more quickly.
Using Business FLEX, companies can increase production between 3 percent and 6 percent, and decrease costs between 2 percent and 3 percent. Users typically experience significant improvements in operations, production, planning and scheduling, and enhanced blending and movement automation. More than 1000 Business FLEX solutions have been installed at more than 400 facilities across the globe. "Business FLEX R140 is evidence of Honeywell's continuous quest to provide the latest technology solutions so customers can improve product quality and cut costs while making the most of their resources," said Paul Butler, vice president of technology, Honeywell Process Solutions. "To deliver the best results, Honeywell understands that it, too, must constantly improve product and service offerings and exceed our customers' expectations every step of the way. Business FLEX R140 is evidence of this commitment." Business FLEX R140 includes:
o Enhancements to Operations Management Pro, which provides users with information to quickly address abnormal situations that can result in poor product quality, schedule delays, equipment damage and other significant losses.
o Production Scheduler for Refining, a product of the alliance between Honeywell Process Solutions and UOP LLC. UOP refinery scheduling/blending expertise and software has been combined with Honeywell advanced proprietary scheduling and optimization technology. Production Scheduler for Refining is the initial release of a joint integrated refinery-wide scheduling and schedule optimization solution for crude oil receiving and blending, refinery process units and finished product blending.
o Significant enhancements to the Production Balance, a production/yield accounting system that enables simultaneous reconciliation of both quantity and quality measurements, including simultaneous component balances. Production Balance now also features a fully integrated production allocation solver for oil and gas production accounting.
o Enhancements to functions such as KPI Manager and BizCalc Manager that help management and plant personnel track and analyze daily business performance results with key performance indicators.
o Support for the latest platforms, Uniformance® PHD 202 ("Constellation") and Oracle 9.2, Windows 2000, 2000 Advanced Server, 2003 (server), XP (client) and AFM (Advanced Formula Manager) 110.
Business FLEX R140 is an integral part of the Experion(tm) Process Knowledge System (PKS), Honeywell's next-generation automation system. The solution drives business targets to optimum levels, allowing operators to align plans and schedules with business objectives.
Honeywell International is a $23 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 acs.honeywell.com.
Business FLEX® and Uniformance® are registered trademarks and Experion(tm) is a trademark of Honeywell International Inc.
Contact:
Erik Rasmussen
602-313-4054
erik.rasmussen@honeywell.com
