Honeywell Awarded More Than $10 Million in Contracts To Supply Automation And Control Solutions For Q-Chem Project In Qatar.

Business Editors & Technology Writers

PHOENIX--(BUSINESS WIRE)--Jan. 3, 2001

The Industrial Control (IC) business of Honeywell (NYSE:HON) has been awarded contracts totaling more than $10 million from joint venture Kellog Brown & Root of Houston, Texas and Technip of Paris (KBRT) to provide automation and control solutions for the Q-Chem project in Qatar.

Q-Chem is a joint venture petrochemical complex owned by Qatar General Petroleum Company (QGPC) and Chevron Phillips Chemical Company. As a result of these awards, Honeywell will provide field instrumentation, process control and advanced process control solutions for the complex.

"We are pleased that, both technically and commercially, Honeywell has been successful in the highly competitive Qatari market. The award is the first step in a long relationship that will benefit both Q-Chem and Honeywell for years to come," said Ahmed Ibrahim Al-Emadi, Deputy General Manager of the Qatar Chemical Company.

"Honeywell is excited about the opportunity to work with QGPC and Chevron Phillips Chemical Company to provide a full automation solution for this facility," said Jerry Walker, Vice President of Strategic Corporate Accounts for Honeywell IC. "We have an excellent history and working relationship with both companies and are pleased with the confidence they have shown in Honeywell by selecting us for this strategic investment."

Honeywell Industrial Control, headquartered in Phoenix, Arizona, is a $3 billion global leader in the supply of automation systems, advanced software solutions and value-added services used in a variety of industries including refining, petrochemicals, chemicals, oil and gas, pulp and paper, pharmaceutical, consumer packaged goods, and power generation. Industrial Control is also a leading global supplier of sensors, switches and control products for automotive, information technology, consumer, aviation and industrial applications. For inquiries, call 1-800-288-7491 or access http://www.iac.honeywell.com or www.honeywell.com/sensing.

Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials. The company is a leading provider of software and solutions, and Internet e-hubs including MyPlant.com, MyFacilities.com and MyAircraft.com (joint venture with United Technologies and i2 Technologies). Honeywell employs approximately 120,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific 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. Additional information on the company is available on the Internet at www.honeywell.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, 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.