Honeywell Joins City Possible Network Pioneered By Mastercard To Create Citizen-Focused Experiences That Drive Sustainable Innovation For Cities

ATLANTA – April 20, 2022 – Honeywell (Nasdaq: HON) announced today it is joining City Possible, the ecosystem pioneered by Mastercard that brings cities, companies and communities together to identify common challenges and develop solutions that advance inclusive and sustainable urban development. Honeywell’s participation will allow City Possible communities to more easily work with Honeywell City Suite, an artificial intelligence-enabled platform, to promote sustainable urban development, enhance citizen mobility, and create safer, more resilient communities.

The announcement builds on Mastercard and Honeywell's work with Egypt's New Administrative Capital, where the Honeywell City Suite and Mastercard's electronic payment solutions will make the New Administrative Capital the first integrated smart city and first cashless city in Egypt. Honeywell City Suite aggregates information from different verticals across the New Administrative Capital including utilities, traffic, environment, parking, emergency services, safety, and security into a single, unified digital platform and Mastercard facilitates electronic payments.

“Cities around the world are evaluating how to enhance the resident experience by improving access to city services," said Miguel Gamiño, executive vice president, Enterprise Partnerships and Head of Global Cities and City Possible at Mastercard. "By engaging with companies like Honeywell, we can expand the range of solutions we provide to the City Possible network and ensure a safe and inclusive digital economy.”

City Possible facilitates a framework where members can draw on the collective expertise and resources of all stakeholders involved to replicate innovative solutions that address urban challenges. The network has grown from 16 founding members in 2018 to more than 330 companies, city members and candidate cities globally, including AT&T and Citi Bank and cities like London, Los Angeles, and Buenos Aires.

"The potential for cities today is unprecedented given access to technology that can dramatically change the way citizens experience and interact with the cities in which they live,” said Matthew Britt, general manager, Smart Cities & Communities, Honeywell Building Technologies. "With hundreds of communities already connected to the City Possible network, we look forward to working with Mastercard to create solutions to help make it easier for citizens to interact with city services they use from parking to paying utility bills with seamless transactions.”

Together, the offerings can help its cities meet environmental, social and governance (ESG) goals by improving accountability and real-time tracking and reporting of cashless payments for city services.

Honeywell City Suite Software integrates data from critical city infrastructure systems such as traffic, streetlights, environment, emergency services, public safety and security, and utilities into a single, unified view. The Honeywell City Suite is deployed in 75 cities worldwide, helping to improve more than 100 million lives.

For more information about Honeywell City Suite visit here or City Possible, please visit here visit here.

About Honeywell Building Technologies

Honeywell Building Technologies (HBT) is transforming the way every building operates to help improve the quality of life. We are a leading building controls company with operations in more than 75 countries supported by a global channel partner network. Commercial building owners and operators use our hardware, software and analytics to help create safe, efficient and productive facilities. Our solutions and services are used in more than 10 million buildings worldwide.

Honeywell (www.honeywell.com/us/en) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/us/en/news.

About Mastercard

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com