CHARLOTTE, N.C., Dec. 16, 2019 /PRNewswire/
-- Honeywell (NYSE: HON) today announced that it
has acquired Rebellion Photonics, a Houston-based provider of innovative,
intelligent, visual gas monitoring solutions that maximize safety,
operational performance, emissions mitigation and compliance in the
oil and gas, petrochemical and power industries.
Rebellion offers the industry's only real-time monitoring
platform that visually identifies and quantifies gas releases to
quickly detect and analyze leaks and keep workers safe. The
intelligent monitoring system incorporates a sophisticated
AI-driven software platform that automatically alerts plant
operators if a gas leak, fire or security issue is detected and
provides detailed analytics.
Rebellion's self-calibrating technology offers a cost-effective
monitoring solution by reducing the need to install, maintain and
calibrate sensors throughout a site. Its customers include some of
the world's largest oil and gas, petrochemical and power companies,
and its solutions are deployed at refineries, oil rigs, offshore
platforms, pipelines and power plants.
The acquisition will become part of Honeywell's Safety and
Productivity Solutions business, which provides a wide range of gas
detection technologies, safety gear, mobility solutions and
software to help workers stay safe and productive. Rebellion's
technology will also be deployed through Honeywell's Performance
Materials and Technologies business to help process manufacturing
customers improve safety and compliance.
"To rapidly respond to a gas leak and keep their facilities
safe, oil and gas, petrochemical and power companies are deploying
Rebellion Photonics' next generation visual monitoring technology
powered by machine learning," said John
Waldron, president and CEO of Honeywell Safety and
Productivity Solutions. "This acquisition complements Honeywell's
strong portfolio of process technologies, automation and gas
detection solutions and accelerates our transformation to a
software-industrial company. Rebellion's employees share our
mission of helping keep workers healthy and safe on the job while
reducing the environmental impacts of gas emissions."
"Honeywell is an amazing company and a recognized leader in our
industry. We are excited to be part of their world-class family,"
said Robert Kester, CEO of Rebellion
Photonics. "Automated visual monitoring is the future of gas leak
detection. Combining our products with Honeywell's platform will
make this the new industry standard for safety and environmental
monitoring globally."
Founded in 2009, Rebellion provides a patented gas cloud imaging
system that incorporates cameras and proprietary hyperspectral
imaging technology to pinpoint the source of a leak and measure the
volume and concentration of gases. The company also provides
real-time fire detection and intrusion and surveillance monitoring
solutions to keep plants and facilities safe.
Honeywell has more than 60 years of experience in delivering
fixed and portable gas detection solutions for industrial,
commercial and governmental applications where people can be
exposed to toxic or flammable gases. These gas detection solutions
can be deployed where workers enter confined spaces or in
challenging environments, such as cold storage plants and offshore
oil production facilities.
Terms of the deal were not disclosed, and there is no change to
the company's 2019 financial guidance as a result of the
acquisition.
Honeywell Safety and Productivity Solutions (SPS) provides
products, software and connected solutions that improve
productivity, workplace safety and asset performance for our
customers across the globe. We deliver on this promise through
industry-leading mobile devices, software, cloud technology and
automation solutions, the broadest range of personal protective
equipment and gas detection technology, and custom-engineered
sensors, switches and controls.
Honeywell (http://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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Eric
Krantz
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Mark
Bendza
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(803)
835-8230
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(704)
627-6200
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eric.krantz@honeywell.com
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mark.bendza@honeywell.com
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SOURCE Honeywell