Industry Press Releases

Honeywell showcases Technology innovationS for process industries at India Users Summit

Tuesday, Aug 25, 2015
Pressreleases

Honeywell Process Solutions (HPS) will showcase the latest developments in automation and process control at the Honeywell India Users Summit, Aug. 24 and 25 in Mumbai. More than 170 representatives from across process automation industries will attend the annual event.

The summit will focus on issues facing manufacturers in India, including the changing economic environment, increasing connectivity and the need for real-time insights that can improve operations. Attendees to the event represent critical industries such as refining, petrochemicals, oil and gas, chemicals, power, and minerals and metals.

HPS will showcase next-generation technologies for digital transformation, the Industrial Internet of Things (IIoT), and best-practices in process control and automation that can help manufacturers improve business performance.

“According to recent research by Accenture, the IIoT could contribute US$14.2 trillion to world output by 2030. India has immense potential of benefitting from the technology if it improves its infrastructure and skills that will help support the adoption of new technologies,” said Bruce Calder, chief technology officer for HPS. “Honeywell has been leveraging the concepts and technologies behind the IIoT as part of the vision that we have been evolving towards for several years.”

As organizations adapt technologies to help them take advantage of the benefits of the IIoT, the increased connectivity also brings added risk. The summit will feature a panel of experts from the Indian government, Honeywell and industry, which will discuss how to build cyber security skills within organizations and ways to sustain it.

“With increasing connectivity, there is an immediate need for cyber security solutions that take a measured approach to managing the industrial IT lifecycle,” said Vikas Chadha, managing director, Honeywell Automation India Limited and HPS India leader. “Increasing plant reliability by using next generation cyber security solutions will be critical.”

Among the technologies that will be highlighted during the summit include:

· Honeywell Industrial Cyber Security Risk Manager – the first digital dashboard designed to proactively monitor, measure and manage cyber security risk for process control systems

· Assurance 360 services – a new approach to plant maintenance that focuses on system performance and outcome. This service helps maintain, support and optimize the performance of Honeywell control systems regardless of the industry or size of operations.

· UniSim® Competency Suite – the newest edition to the UniSim training family speeds operator competency through realistic training experiences, such as 3D virtual environments, for console and field operators in the process industries.

· DynAMo® Alarm and Operations Suite – software that leverages more than 20 years of alarm management experience in the process industries to help users reduce overall alarm count by as much as 80 percent, identify maintenance issues and increase visibility of critical alarms that require urgent attention.

Honeywell Process Solutions (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. Process Solutions is part of Honeywell’s Performance Materials and Technologies strategic business group, which also includes UOP, a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries.

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 performance materials. For more news and information on Honeywell, please visit www.honeywellnow.com.

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. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

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