Honeywell Extends Reach of Cloud-Based Connected Building Service For Greater Bottom-Line Benefits

Honeywell Outcome Based Service for Mechanical Systems applies IoT connectivity and Honeywell service engineer knowledge to mechanical systems - Module is designed to promote better CAPEX and OPEX decisions and maintenance of optimal facility operations and comfort

ATLANTA, Jan. 17, 2018 – Honeywell (NYSE: HON), a global leader in connected buildings, today announced that Honeywell Outcome Based Service, a cloud-enabled building management service that helps identify misconfigurations sooner than traditional maintenance, now extends to mechanical systems. As a result, key building personnel and other stakeholders can gain even more insight into a building's operational efficiency and comfort while optimize a building's total cost of ownership.

Honeywell Outcome Based Service for Mechanical Systems is the latest addition to Honeywell's Connected Services portfolio of technologies that draws on more than 100 years of global domain knowledge and experience, in combination with today's building connectivity, to help promote improved facility performance. Building on the service's core HVAC controls monitoring, Outcome Based Service for Mechanical Systems uses data analytics and sensor-based Internet of Things (IoT) connectivity to monitor the health and performance of mechanical equipment, helping uncover issues and faults that can impact system performance and efficiency.

“A building is much like a living, breathing organism, from its basic framework to the central nervous system of controls and the very heart of it all - the mechanical hardware that keeps everything operating,” said John Rajchert, president of Building Solutions, Honeywell Home and Building Technologies. “Keeping watch and maintaining these systems is possible with the right connectivity and knowledge, which we've made possible with Honeywell Outcome Based Service. It now extends to mechanical systems, providing even more data and insights to promote improved performance and maintenance of building health.”

Outcome Based Service for Mechanical Systems monitors mechanical equipment performance in line with key performance indicators (KPIs) closely tied to building comfort and energy efficiency, as well as equipment maintenance. The service uses advanced algorithms that monitor and analyze HVAC controllers, mechanical equipment and their key components, from boilers and chillers to other hardware that make up the core equipment of a building, in near real time, helping uncover many faults and anomalies faster than traditional, routine maintenance.

The new service module also taps sensor data to monitor the asset health of individual mechanical equipment, comparing actual equipment performance with optimal operational performance values to identify deviations. This helps alert personnel to many issues sooner than traditional maintenance so organizations may have the opportunity to make changes or fixes before they lead to costlier and more disruptive problems. The deviations also help inform condition-based dynamic tasking as to when and how to address mechanical system maintenance needs, such as when to replace air filters on HVAC equipment.

The asset health KPIs can also provide deeper insights into the duration or useful life of mechanical equipment. Because not all equipment degrades at the same rate, organizations can make better-informed financial and maintenance decisions about repairing or replacing equipment.

Honeywell's Connected Services Portfolio

Outcome Based Service for Mechanical Systems is part of Honeywell's Connected Services portfolio, which leverages the connectivity of buildings to improve how they operate and the experiences they offer for those who visit and work within them. The Connected Services portfolio - which draws from the collective power of IoT technologies, cloud applications and the deep domain experience of Honeywell's service engineers - also includes the Honeywell Vector Occupant app for improving occupant experiences and Honeywell Pulse' for Connected Buildings, an app that forges a real-time link between facility and engineering staff and their buildings to help boost productivity and performance.

About Honeywell Home and Building Technologies

Honeywell Home and Building Technologies (HBT) is a global business with more than 38,000 employees. HBT creates products, software and technologies found in more than 150 million homes and 10 million buildings worldwide. We help homeowners stay connected and in control of their comfort, security and energy use. Commercial building owners and occupants use our technologies to ensure their facilities are safe, energy efficient, sustainable and productive. For more news and information on Honeywell Home and Building Technologies, please visit https://www.honeywell.com/us/en/news.

Honeywell (www.honeywell.com/us/en) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and 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.