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Honeywell to Provide Comprehensive Automation Solution to Repsol YPF; Spanish Refinery to Increase Control and Monitoring Capabilities.

Business Editors

PHOENIX--(BUSINESS WIRE)--Oct. 23, 2003

Honeywell (NYSE:HON) Process Solutions today announced a contract with Repsol YPF to upgrade its refinery at A Coruna, Spain. The contract includes Honeywell's TotalPlant(R) Solution (TPS) system with Icon operator consoles, High-Performance Process Managers, a Fail-Safe Control (FSC(R)) system, as well as engineering, on-site services and project management.

The Honeywell automation solution will enable the Repsol YPF refinery to more accurately monitor and control performance to meet European Union clean fuels standards that will be introduced in 2005. System delivery is scheduled for the first quarter of 2004.

"We chose Honeywell because we knew its technology and service would help our refinery meet the EU's new environmental requirements. But more importantly, we know that we can count on Honeywell to remain a trusted partner for all of our ongoing automation needs," said a Repsol YPF spokesperson.

The project incorporates a complete revamp of the refinery's existing TDC2000 Hiway automation solution, which will be migrated to Honeywell High-performance Process Managers. Honeywell Spain's Project Engineering group will perform the engineering and implementation services for the project.

Honeywell Process Solutions has worked with Repsol YPF since 1978 to automate its five refineries in Spain, all of which are connected and controlled by Honeywell TPS systems.

"Our 25-year history with Repsol YPF has proven a valuable one," said Jerry Walker, Honeywell Process Solutions' Vice President of Europe, Middle East and Africa. "Our combined knowledge, experience and skills will no doubt provide the basis for yet another successful project at A Coruna."

Honeywell International is a diversified technology and manufacturing leader based in Morris Township, N.J. With 2002 revenues of $22 billion, the company serves customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. The company's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. Honeywell is one of the 30 stocks that comprise the Dow Jones Industrial Average; it 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 http://www.acs.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.

TotalPlant(R) and FSC(R) are registered trademarks of Honeywell International Inc.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 23, 2003
Words:468
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