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HONEYWELL ENRAF AND MAGNETROL PARTNERSHIP TO BOOST TERMINAL SAFETY OFFERING

Phil Black - PII Editor 23/03/2012

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Enhanced Product Portfolio Reduces Spillages And Downtime Whilst Maximising Safety

Honeywell (NYSE:HON) today announced it has signed an agreement with Magnetrol International Incorporated, a supplier of level and flow measurement equipment, to enhance its existing terminal market product portfolio with Magnetrol’s expertise in safety and compliance.

To ensure Honeywell customers are able to operate terminals safely and comply with increasing stringent regulation and environmental standards, the new partnership will see the incorporation of Magnetrol’s spillage prevention and tank overfill protection products into Honeywell Enraf Safety Solutions’ Alarm Scout service group. The Alarm Scout product portfolio is designed to allow users to automatically collect performance data and be alerted of system trouble-spots. The new partnership is a further step into bringing Honeywell customers an all-encompassing safety solution, with the enhanced instruments available for purchase from March 2012.

John Heiser, chief operating officer, Magnetrol commented: “Not only is it of upmost priority to ensure workers are able to operate within a secure and safe environment, it’s also important that equipment is aimed at reducing plant down times and increasing efficiencies. By partnering with Honeywell Enraf, we can combine our understanding of the process market along with Honeywell’s reach into the terminal market to spread this message and improve industrial safety and preparation for future events.”

“Increased awareness of the regulation in protecting workers and the environment has led to a drive in the adoption of process safety solutions in recent years” said Tony Tielen, Vice President and General Manager, Engineered Field Solutions, Honeywell Process Solutions. “We partnered with Magnetrol due to their deep expertise and market knowledge in the process safety industry. Enhancing our products using Magnetrol technology will bring significant benefits to our customers looking to apply their awareness into the real working environment.”