ATLANTA, Nov. 20, 2019 /PRNewswire/ -- Honeywell
(NYSE: HON) will host an investor showcase at its Honeywell
Building Technologies (HBT) headquarters in Atlanta today, led by Vimal Kapur, HBT president and chief executive
officer. The company will highlight HBT's expectations for
long-term organic growth and margin expansion, driven by HBT's
large and expanding installed base, broad pipeline of new product
introductions and innovative breakthrough initiatives, and suite of
Connected offerings enabled by Honeywell Forge for Buildings. The
company will also provide a brief fourth quarter update.
"This year has been an exciting one for Honeywell Building
Technologies as we have focused our efforts on streamlining and
strengthening our diverse portfolio, targeting growth in key
verticals, and furthering a local-for-local strategy that is
driving growth in high growth regions," Kapur said. "We are on
track to deliver strong organic growth in 2019, driven by demand
for our fire products and building management software as well as
increased recurring service revenue from our large installed base.
Looking toward 2020 and beyond, I am confident in our ability to
continue to deliver organic growth and margin expansion for
Honeywell shareowners."
HBT protects building owners' current and future investments
with vendor- and hardware-agnostic connectivity so that every
building is ready for our ever-changing world. HBT operating
systems and architecture integrate edge-to-cloud connectivity and
are designed to natively converge information technology (IT) and
operational technology (OT) systems. HBT's smart edge devices,
connected gateways, and supporting applications that link to the
cloud can fundamentally change the way buildings work. HBT has an
extensive global installed base in over 10 million buildings in
more than 75 countries. HBT software and products address key
energy challenges, keep people and places safe, enhance the
building occupant experience, and improve critical infrastructure.
The business also takes a secure-by-design approach to its product
development and ensures that its products are optimized for the
people who use them – the building owner, operator, occupant, and
installer.
Real-time audio webcasts of the HBT Investor Showcase will be
available Wed., Nov. 20, from
4:00 p.m. to 6:00 p.m. EST, and
Thurs., Nov. 21, from 8:00 a.m. to approximately 10:30 a.m. EST. The real-time audio webcasts of
the presentations can be accessed at www.honeywell.com/investor,
where related materials will be posted prior to 8:00 a.m. EST on each day. A replay of the
webcasts will be available following the presentations for 30
days.
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry-specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help aircraft, 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/newsroom.
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.
Contacts:
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Media
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Investor
Relations
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Megan
McGovern
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Mark
Bendza
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(470)
449-6313
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(704)
627-6200
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megan.mcgovern@honeywell.com
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mark.bendza@honeywell.com
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SOURCE Honeywell