Regional Utility Deregulation Fuels Need for Power Generation Companies to Reduce the Cost of Operations PHOENIX, September 13, 2004 -Honeywell (NYSE:HON) will showcase its advanced control solutions for enhanced plant efficiency and operations at the Middle East's premier energy exhibition, Power-Gen, in Manama, Bahrain this week.
Honeywell will exhibit technology solutions that will help Middle Eastern power generation plants improve productivity, reduce costs and increase safety. Demand for such solutions is increasing as a result of the recent deregulation and privatization of electric utilities in the region. "Power generation plants will need to increase revenues and reduce the cost of delivered products for fossil fuel-fired steam and combined-cycle power plants. At the same time, they need to maintain safety and reliability while meeting stringent environmental regulations," said Hussain Al-Atrakchi, regional general manager and executive director of Honeywell Automation Control Solutions, Middle East. Honeywell Process Solutions will exhibit industrial automation applications at Bahrain's Power-Gen event, including Uniformance PHD, Profit Optimizer, ProfitMax, ShadowPlant Trainer, Utility Fossil Boiler Control (UES) and Performance Monitoring.
Standard hardware platforms for power generation customers include the Experion Process Knowledge System (PKS), and FSC Safety Management Systems, which are proven industry solutions.
With major Honeywell power projects already underway in the Middle East, including the estimated $1 billion (U.S.) Al Taweelah project, and the recently announced $1.25 million (U.S.) GCC power project, Al-Atrakchi says deregulation and privatization are greatly affecting the way plants operate as businesses. The restructuring will require electric power-generating companies to respond to a fast developing business environment.
"Honeywell is pleased to offer our Middle Eastern power generation customers process control solutions that will usher them through this period of transition and through the many years ahead." said Al-Atrakchi.
Power-Gen will be held at the Bahrain International Exhibition Centre from September 13 - 15, 2004.
Honeywell International is a $23 billion 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, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.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. For more information about Process Solutions, access www.acs.honeywell.com.
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Contacts:
Grace Sarouphim
Abu Dhabi
+971-2-404 1314
grace.sarouphim@honeywell.com
Melanie Fernandes
Dubai
+971 4 3210077
Melanie.fernandes@promoseven.com
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
Uniformance, ProfitMax and Experion are trademarks and FSC and Shadow Plant are a registered trademarks of Honeywell International Inc.
© Press Release 2004
