Honeywell Extends Agreement With Whirlpool to Supply Enovate(R) Blowing Agent for Appliances

MORRIS TOWNSHIP, N.J., Aug. 6 /PRNewswire/ -- Honeywell (NYSE:HON) announced today an extended agreement with Whirlpool Corp., a leading global manufacturer and marketer of major home appliances, to supply its Enovate(R) blowing agent used in energy-efficient rigid polyurethane insulating foam.

Honeywell's blowing agent is a zero ozone-depleting hydrofluorocarbon (HFC) that allows insulating foam to expand and provides the majority of the foam's performance characteristics. Terms of the agreement were not disclosed.

"This agreement further demonstrates our commitment to helping the world's leading appliance manufacturers get ahead of demanding environmental and energy standards," said Ken Gayer, global business director for Honeywell's foam insulation blowing agents business.

Major appliance manufacturers use rigid polyurethane foam with Enovate to insulate the cabinet to boost energy efficiency. This insulating foam helps meet strict energy-consumption standards without increasing wall thickness, which would reduce storage capacity or require a larger exterior cabinet design.

Whirlpool received the inaugural ENERGY STAR(R) Sustained Excellence 2006 Award from the U.S. Department of Energy and the U.S. Environmental Protection Agency. Industry experts estimate that since 2000 the energy efficiency of an average refrigerator has improved by 35 percent.

Whirlpool is based in Benton Harbor, Mich., and sells Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Bauknecht and other major brands to consumers worldwide through notable retail channels. The company acquired Maytag Corp. in March 2006.

Honeywell has supplied blowing agents to Whirlpool since the 1980s. This energy efficient technology, used for many years to help appliances achieve ENERGY STAR(R) ratings, is being adopted to insulate homes, especially walls, basements and attics, and for novel applications such as solar water heaters in China and hurricane-resistant roofing for the Louisiana Superdome.

Honeywell is a leading innovator in high-performance foam insulation blowing agent technology and advanced energy-efficient refrigerants. The company continues to innovate through its ongoing materials development programs, which include a low global warming potential (GWP) solution for one- component foam insulation used to seal around windows and doors in Europe. Additionally, Honeywell is working jointly with DuPont to develop a low-GWP refrigerant solution for the global automobile industry.

Honeywell International is a $34 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, and Chicago 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 Specialty Materials, based in Morristown, N.J., is a $4.7 billion, global leader in providing customers with high-performance specialty materials, including fluorine products; specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; electronic materials and chemicals; and technologies and materials for petroleum refining.

This report 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.

Source: Honeywell

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