Honeywell Supplies Enovate(R) Blowing Agent to Major Chinese Appliance Manufacturer to Help Make Refrigerators More Energy Efficient

MORRIS TOWNSHIP, N.J., Sept. 27 /PRNewswire/ -- Honeywell (NYSE:HON) announced today a multi-year agreement with Hisense Kelon, a leading home appliance manufacturer based in Guangdong Province, China, to supply Enovate(R) blowing agent used in energy-efficient rigid polyurethane foam to insulate refrigerators. Financial terms of the agreement were not disclosed.

Honeywell's blowing agent, a hydrofluorocarbon (HFC), is a non-flammable zero ozone-depleting liquid that allows insulating foam to expand and helps provide many of the foam's key performance characteristics.

"Our new agreement with Hisense Kelon marks the first time that Enovate will be used in refrigerators made in China," said Ken Gayer, global business director for Honeywell's foam insulation blowing agents business. "It also demonstrates our commitment and ability to help the world's leading appliance makers stay ahead of demanding environmental and energy standards."

Honeywell supplies Enovate to a number of major appliance makers and in August announced that Whirlpool extended its long-term supply agreement. Major appliance makers use rigid polyurethane foam with Honeywell Enovate to insulate refrigerator and freezer cabinets and doors 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.

"Equipment manufacturers here in China are increasingly turning to proven technologies that will help them meet energy-efficiency and environmental standards in markets they serve around the world," said David Lu, Asia commercial director for Honeywell's Fluorine Products business.

"Standards like the U.S. Department of Energy's ENERGY STAR(R) program continue to raise the bar for efficiency worldwide."

The U.S. DOE recently increased the energy-efficiency criteria required for refrigerators to gain the ENERGY STAR rating. Effective April 28, 2008, full-size refrigerators must be a minimum 20 percent more efficient than required by the current federal standard to gain this rating. The previous criteria called for a minimum 15 percent more efficiency.

Industry experts estimate that since 2000 the energy efficiency of an average refrigerator has improved by 35 percent.

Honeywell's blowing agent technology, used for many years to help appliances achieve ENERGY STAR ratings, is rapidly 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 commercial buildings like 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 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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