Visitors to Learn How Honeywell's Technologies Are Helping to Solve Some of The World’s Toughest Challenges such as Energy Efficiency, Energy Generation, Safety & Security and Globalization
SHANGHAI, May 8, 2012 – Honeywell (NYSE: HON) today opened its largest technology experience center, an immersive experience for customers and visitors to interact with technologies that make communities in China safer and more secure, more comfortable and energy efficient, more innovative and productive. Located in Honeywell's Asia Pacific headquarters at Zhangjiang Hi-Tech Park in Shanghai, the Honeywell Technology Experience underscores the company's commitment to China, its fastest growing market. Honeywell’s total sales revenue in China reached approximately U.S. $1.9 billion in 2011, or a 20% growth over 2010.
The Honeywell Technology Experience features a flight simulator, an interactive cityscape, and a modern home equipped with smart home technologies. Visitors can take the controls of a modern jet and perform a virtual take-off, hold a 3-D turbocharger, watch how an industrial control room manages an emergency, enter a modern home to see Honeywell controls that manage everything from lighting and water systems, to intrusion detection and temperature. A “barrel of oil” exhibit demonstrates how to squeeze more high value products from crude oil and how to produce green energy using Honeywell’s refining technologies.
The Center is divided into six neighborhoods: transportation; industry; commercial; home; energy, and a community area where visitors can see how Honeywell is connecting directly with its local hometowns, through its science and math education; housing and shelter; family safety and security; habitat and conservation; and humanitarian relief efforts as part of its Honeywell Hometown Solutions corporate social responsibilities.
“Globalization, especially in High Growth Regions like China, has been key to our Growth for the past decade. Today, about 55% of our sales come from outside the U.S., making Honeywell a truly global company. China represents a significant share of our global growth story, and I see this new Honeywell Technology Experience as a symbol of our commitment to China, one of our biggest and fastest growing markets,” said Shane Tedjarati, president and CEO of Honeywell High Growth Regions at the grand opening ceremony.
“With this new center, we’ve created a powerful tool to help our China team engage our customers and partners in China and in high growth regions like India, Vietnam, Indonesia, and others,” continued Tedjarati. “We look forward to innovating and implementing new technologies to solve some of the world’s toughest challenges, such as energy efficiency, clean energy generation, safety and security.”
“We take great pride that Honeywell has been part of China’s extraordinary growth and transformation. Through our East-for-East and East-to-West strategies, we have enabled a growing number of Chinese customers to achieve success both at home and abroad,” said Stephen Shang, president of Honeywell China. “I’m confident that the new center will bring us closer to our customers, and elevate public awareness of technologies that can be leveraged to help China cope with energy and safety challenges brought by its fast economic growth and massive urbanization.”
The 1,500-square-meter Honeywell Technology Experience center is Honeywell’s second and largest technology experience center. The company opened its first center in Washington, D.C. in 2005.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and specialty materials. Honeywell has a long history in China that goes back to 1935 when it established the first franchise in Shanghai. Today, all of Honeywell’s four Strategic Business Groups are represented in China, and all of them have relocated their Asia Pacific headquarters to China. Over the years, Honeywell has set up subsidiaries and joint ventures in more than 20 cities across the country. Honeywell employs approximately 12,000 people in China. For more news and information on Honeywell, please visit www.honeywell.com.cn.
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.