Agreement Extends Honeywell Solutions Portfolio to Emerging Regions
CAIRO- July 20th- 2011 - Honeywell (NYSE:HON) today announced that it has signed a systems integration agreement with Giza Systems to extend Honeywell's presence in Egypt and surrounding African countries. The agreement will enable Honeywell Process Solutions (HPS) to establish a stronger local presence beyond its traditional installed base in the region.
Together, HPS and Giza Systems will address all industrial sectors and fulfill customer needs by providing highly efficient and reliable services based on local support and expertise from Giza Systems, with global back-up from HPS. Giza Systems will also provide expert consultancy and give customers the ability to integrate a number of additional HPS products and solutions into their existing process systems including Experion® Process Knowledge System (PKS), OneWireless™, fire and gas solutions, emergency shutdown control, field solutions, SCADA, and a selection from its Advanced Solutions portfolio.
"Our agreement with HPS will enable our end users in Egypt and surrounding countries to benefit from our combined strengths," said Shehab ElNawawi, Chairman and Managing Director, Giza Systems. "With the local industrial process demand representing up to $50 million in expenditure per year, local and regional companies will now have local access to experts in the field, as well as the best portfolio of process control solutions available today."
"Local integration is an important part of reaching and understanding our customers' needs and processes throughout the world," said Chris Dartnell, vice president and general manager, strategic geographies, Honeywell Process Solutions. "Working with Giza Systems--the No. 1 systems integrator in Egypt--will not only bridge this gap but also help HPS to expand its business in the region."
Founded in 1974, Giza Systems is a leading systems integrator in Egypt and the Middle East providing a wide range of technology solutions to the telecom, utilities, oil & gas, and manufacturing industries. The company specializes in streamlining operational and business processes.
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About Honeywell:
Honeywell International (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; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry.
This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. 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.
For further information please contact:
Constanze Wintrich
+49 69 8064 261
Constanze.wintrich@honeywell.com
Nadine Fayed
Media Relations Executive Promoseven Weber Shandwick
Tel: +202 330 48 560/ 1/2/ 3-
Fax: +202 330 47 213
Cell: +2 012 7989076
E-mail: nadine.fayed@ws-mena.com
© Press Release 2011
