Honeywell Recognized by Frost & Sullivan for Customer Value Enhancement in the Oil and Gas Automation Solutions Markets.

BOSTON -- Frost & Sullivan will present Honeywell, Inc. (NYSE:HON) with the 2005 Customer Value Enhancement Award at tonight's third annual Customer Value Enhancement Awards Banquet. Honeywell offers profit-impacting business solutions, which provide regulatory controls and a fresh approach to integrating years of process expertise with advanced technology and better business practices.

"Honeywell's Experion(TM) Process Knowledge System (PKS) is a robust solution that provides innovative approaches for solving real-world problems," says Frost & Sullivan research manager Sath Rao. "The ability to provide seamless migration not just from legacy Honeywell systems but also from competing platforms without any process disruption has endeared Honeywell to oil and gas, refining, and chemicals segments."

Honeywell has also demonstrated the successful hallmarks of a leading major automation contractor (MAC) by taking on the risks of a complicated global project and delivering on critical parameters, such as costs and on-time deliveries. While several global customers, including major engineering, procurement, and construction companies have placed their trust in Honeywell time and again, the company's pioneering work with the Abnormal Situation Management (ASM(R)) consortium has helped its customers adopt better business practices to improve operator compliance and eradicate avoidable plant downtime.

Honeywell's Experion technology platform helps its oil and gas customers with applications that include basic regulatory control, fire and gas, safety systems, security systems, advanced process control, and process optimization. Honeywell has adopted a pragmatic combination of providing technology upgrades under the Experion PKS umbrella with continuous life-cycle support, providing superlative value to its customers.

Experion R300, the recently introduced automation and control platform of the Experion PKS, is testimony to the fact that Honeywell takes innovation seriously. The platform has all the hallmarks of a best-in-class system, packaged in a compact design with the promise of providing users a platform for the future and this platform is set to continue to deliver value for customers in the process industry.

Further, its business integration solutions offer a new approach, bridging the gap between supply chain planning (SCP), supply chain execution (SCE), and process automation. Central to this solution in oil and gas is the production control center, an innovative tool that provides company-wide access to data, knowledge, and critical applications over a secure network infrastructure.

"Customers in the oil and gas industry have found this to be an excellent tool that helps improve business process efficiency," says Rao. "Customers' high esteem for Honeywell's oil and gas solutions is reflected in Honeywell's growing business in this important market segment."

In recognition of its ongoing commitment to innovation, outstanding customer support, and customer value, Frost & Sullivan is pleased to present Honeywell with its 2005 Oil & Gas Solutions Customer Value Enhancement Award.

Frost & Sullivan presents the Client Value Enhancement Award to a company that has demonstrated the ability to expand its customer base, while maintaining its existing installed base, with more innovative value creation and enhancement strategies than competitors within its industry. The Award lauds successful sales entry, customer acquisition and service strategies, and the degree to which they have met customers' stated needs and requirements.

Held in Boston, Frost & Sullivan's Customer Value Enhancement Awards Banquet honors world-class companies for their outstanding performance and achievements in customer care. An annual event, the banquet recognizes innovative developments that will significantly improve customer interaction and contribute to customer satisfaction.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.