Honeywell Announces Strategic Alliance with FibrLINK to Improve Power Plant Efficiency in China; Honeywell's Unified Energy Solutions Help Plants Reduce Emissions and Improve Reliability in Meeting China's Surging Power Needs.PHOENIX -- Honeywell (NYSE NYSE See: New York Stock Exchange :HON) today announced a five-year strategic alliance with power industry network and services provider FibrLINK Communications Co., Ltd. The agreement will help China's power plants improve their energy efficiency and reduce emissions amid intensified interest in improving the industry's ability to meet China's escalating energy needs and environmental policies. Honeywell will provide its portfolio of energy solutions used to optimize efficiency of utility plants. To meet increasing electricity demands, China -- the second-largest consumer of energy in the world -- is constructing new power generation plants and modernizing existing ones. The country is also examining environmentally preferable and more efficient ways to generate power amid its strong economic growth. "China's rapid economic growth is a big contributor to the country's increased energy consumption, and the government has made it clear that steps need to be taken to conserve as much energy as possible," said Ji-Ye Wang, FibrLINK executive director and general manager. "Honeywell's applications, in combination with our power industry service network technology, will provide China's power plants a state-of-the-art solution that will help them meet the global benchmark for energy efficiency and environmental quality." Power plant operators will be able to easily access Honeywell applications through FibrLINK's power industry service networks. Honeywell will monitor power generation in real time to predict future requirements, allocate loads across multiple steam turbine Steam turbine A machine for generating mechanical power in rotary motion from the energy of steam at temperature and pressure above that of an available sink. By far the most widely used and most powerful turbines are those driven by steam. generators and heat amongst boilers, safeguard stable steam production while maintaining steam header pressure and deliver optimal combustion efficiency. Additional benefits include reduced heat and power production costs, optimized flue gas Flue gas is gas that exits to the atmosphere via a flue, which is a pipe or channel for conveying exhaust gases from a fireplace, oven, furnace, boiler or steam generator. Quite often, it refers to the combustion exhaust gas produced at power plants. emissions, higher production capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. and reduced maintenance. "This agreement will allow China's power industry to be a key contributor to the country's goal of building a resource-saving and environmentally preferable society," said Jack Bolick, president of Honeywell Process Solutions. "The ever-growing demand for energy is one of the hottest issues around the world and no one feels that pressure more than the companies that produce energy. By optimizing their operations, China's power plants can better meet demand, and do so in a manner that will have less impact on the environment." FibrLINK Communications Co., Ltd. (an SGCC SGCC Serangoon Gardens Country Club (Singapore) SGCC Saujana Golf & Country Club (Malaysia) SGCC Sabah Golf & Country Club (Malaysia) Company) is an integrated provider of networking solutions and services that support the Internet and other public and private data, voice, and multimedia communications networks The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. . Honeywell International is a $30 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 There are several places named Morris Township in the United States:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywell.com/ps. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act. |
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