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YEAR 2000


 

IN THE NEWS
 

ExxonMobil Chemical Selects Honeywell Technology For Control System Migration Project.

BRACKNELL, UK, 19 October 2000 - The Industry Solutions Business of Honeywell has announced that ExxonMobil Chemical* has selected it to provide process control systems for a multi-year migration program at multiple facilities in North America and Europe.  Honeywell’s PMX control system, which was installed in the 70’s and 80’s at ExxonMobil Chemical facilities, is planned to be replaced with Honeywell’s next generation control technology currently under development.

“On-going business and technical relationships were two key factors that drove our decision to use Honeywell for this project,” said Ralph Herbert, ExxonMobil Chemical Company Vice President of Engineering and Manufacturing Services.  “This project will be accomplished within the framework of our existing ExxonMobil-Honeywell strategic business arrangement.”

“This represents another significant step in the long-standing business relationship with ExxonMobil.  We are extremely pleased that a premier petrochemical company such as ExxonMobil Chemical selected Honeywell as the provider of the technology and control systems for the very important PMX program,” said Jerry Walker, Honeywell Vice President of Business Development. 

Industry Solutions, a global business in the Honeywell Automation and Control Solutions group (ACS), provides automation and business solutions that help customers achieve improved productivity, compliance, safety, and decision-making. ACS is a US$8 billion global leader in providing product and service solutions to create efficient, safe, and comfortable environments and help business and industry improve productivity and profitability. It comprises four businesses: Industry Solutions; Service; Security and Fire; and Control Products. ACS offers heating, ventilation, humidification and air-conditioning equipment controls, security and fire alarm systems, home automation systems, energy-efficient lighting controls, and building management systems and services. It also provides automation systems, advanced software solutions, and value-added services used in a variety of industries. ACS is also a global supplier of sensors, switches, and control products for industrial applications. For more information about Industry Solutions, access http://europe.iac.honeywell.com

Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; specialty chemicals; fibers; plastics; and electronic and advanced materials.  Honeywell employs approximately 115,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the 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.  Additional information on the company is available on the Internet at www.honeywell.com.

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.

* The terms "ExxonMobil" and "ExxonMobil Chemical" refer collectively to some or all of the companies affiliated with ExxonMobil Corporation.

Honeywell Industry Solutions

Av. Du Bourget 3

1140 Brussels, Belgium

32 2 728 2339
Contact: Hilde Boerjan
32 2 728 2369
Industry Solutions
hilde.boerjan@honeywell.com
Ref: BE014 - 02




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