PHOENIX, Oct. 15, 2020 /PRNewswire/ -- Honeywell (NYSE:
HON) has acquired assets from privately held Ballard Unmanned
Systems, a wholly owned subsidiary of Southborough, Mass.-based Ballard Power
Systems Inc. Ballard Unmanned Systems designs and produces
industry-leading, stored-hydrogen proton exchange membrane fuel
cell systems that power unmanned aerial systems (UAS), particularly
those used for energy inspection, cargo delivery, and other
commercial and defense applications where demand for UAS services
is growing.
Honeywell is acquiring the key intellectual property, inventory
and equipment of Ballard Unmanned Systems. Ballard's team of
fuel-cell experts will also join Honeywell as part of the
acquisition.
"Adding Ballard Unmanned Systems to the Honeywell family is
another example of our commitment to invest in the growing UAS
segment," said Mike Madsen,
president and chief executive officer, Honeywell Aerospace. "We can
now begin producing top-quality, scalable power systems for our UAS
customers and eventually adapt these systems for other future
aerospace, defense and adjacent segment applications."
Fuel cells function much like traditional batteries but with a
key difference: They don't run out of power or need to be
recharged. A fuel cell uses the chemical energy of hydrogen or
another fuel to cleanly and efficiently produce
electricity. Unmanned aerial systems powered by fuel cells can
fly longer distances, are quiet and have zero greenhouse gas
emissions.
Ballard Unmanned Systems' fuel cell power systems can run
up to three times longer than batteries and are five times more
reliable than small engines. Furthermore, unlike traditional gas
engines that have carbon emissions, they utilize hydrogen, a clean
source of energy.
With the added capabilities of Ballard Unmanned Systems,
Honeywell intends to introduce a family of fuel cell power systems
for a variety of UAS vehicles. Honeywell will also collaborate with
Ballard Power Systems on broader aviation applications.
Honeywell offers certification expertise as well as a full line
of avionics, propulsion and operational systems for unmanned
aircraft and UAM vehicles. In June, the company launched a business
dedicated to UAS and Urban Air Mobility. Additionally, in
September Honeywell opened a new
research and development lab to demonstrate the company's
technological capabilities in both hardware and software for the
UAS and UAM markets.
Terms of the deal were not disclosed, and there is no change to
Honeywell's third-quarter 2020 outlook as a result of the
acquisition.
About Honeywell
Honeywell Aerospace products and services are found on virtually
every commercial, defense and space aircraft. The Aerospace
business unit builds aircraft engines, cockpit and cabin
electronics, wireless connectivity systems, mechanical components
and more. Its hardware and software solutions create more
fuel-efficient aircraft, more direct and on-time flights and safer
skies and airports. For more information, visit
www.honeywell.com or follow us at @Honeywell_Aero.
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.
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SOURCE Honeywell