Honeywell Wins Two Contracts Worth $28.5 Million To Upgrade Controls At Two Egyptian Power Generation Plants.Business Editors PHOENIX--(BUSINESS WIRE)--Aug. 11, 2000 Abu Qir And Abu Sultan To Receive Innovative, Value-Based Power Generation Solutions And Services Honeywell (NYSE NYSE See: New York Stock Exchange :HON) and the Egyptian Electricity Authority (EEA EEA European Economic Area EEA European Environment Agency EEA Employment Equity Act (Canada) EEA Een En Ander (Dutch) EEA Erick van Egeraat Associated Architects EEA Energy and Environmental Analysis ) signed contracts for the total automation renovation by Honeywell of two EEA power generation plants in Egypt. The value of the two contracts is US$28.5 million. The contracts, won by the Honeywell Global Solutions Business team supported by Honeywell Egypt, cover the upgrade of the controls at the Abu Qir and Abu Sultan 600 Mwe power generation plants. The scope of the contracts includes distributed control systems, emergency shutdown, burner management, field instrumentation, engineering, configuration, power generation applications, installation and commissioning. "Honeywell is committed to growing its presence in the global power generation industry, and the Egyptian energy sector represents an excellent opportunity for us," said Giannantonio Ferrari, Honeywell's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Honeywell is a leading provider of automation solutions and power generation equipment for the growing global power generation and industrial energy market. The company focuses on delivering innovative, value-based power generation solutions and services for superior economic benefits. The solution portfolio covers the range of products and services included in the Egypt projects and also encompasses industrial gas turbines and the new Parallon 75 TurboGenerator for the emerging distributed power generation market. The two EEA projects are financed by a grant from the U.S. Agency for International Development (USAID USAID United States Agency for International Development USAID Agencia de los Estados Unidos para el Desarrollo Internacional (Spanish) ) and are managed by PSSG PSSG Financial ratio defined as stock price divided by sales over sales growth. Often used in the valuation of Internet stocks. Related: PREG. Parsons. USAID has provided an average of $815 million annually to Egypt. Since 1979, this money has successfully provided the resources necessary to improve life all across Egypt. The signing ceremony in Ismalia was attended by His Excellency HIS EXCELLENCY. A title given by the constitution of Massachusetts to the governor of that commonwealth. Const. part 2, c. 2, s. 1, art. 1. This title is customarily given to the governors of the other states, whether it be the official designation in their constitutions and laws or not. Dr. Ali El-Seaidi, Minister of Electricity and Energy; Mr. Daniel C. Kurtzer Daniel Charles Kurtzer (born in June 1949 in Elizabeth, New Jersey in the United States) served as the United States ambassador to Israel from 2001 to 2005. Immediately prior to his appointment by President George W. , US Ambassador to Egypt; Mr. Raouf Yousseff, Chief of the USAID Mission; and Mr. T. Mustafa Swedan, EEA Chairman. Honeywell representatives present included Mr. Giannantonio Ferrari, Honeywell Chief Operating Officer, Mr. Lammert Hielema, Honeywell Middle East Vice President, Mr. Gamal Edwar, Honeywell Egypt General Manager and Doug Frater Fra´ter n. 1. (Eccl.) A monk; also, a frater house. Frater house an apartament in a convent used as an eating room; a refectory; - called also a fratery ltname>. , Honeywell General Manager Global Solutions Business. Honeywell Industrial Control, headquartered in Phoenix, Arizona, comprises two industrial leaders: Honeywell Industrial Automation and Control (IAC (1) (InterApplication Communications) The interprocess communications capability in the Macintosh starting with System 7.0. Many IAC events take place behind the scenes. ), the leading world-wide supplier of industrial automation solutions for industries such as refining, petrochemicals, chemicals, oil and gas, pulp and paper, pharmaceuticals and power generation; and Sensing and Control, a global supplier of sensors, switches and control products that are used in the automotive, information technology, consumer, aviation and industrial markets. For IAC inquiries, access http://www.iac.honeywell.com 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 New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. 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 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. 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. |
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