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NEW JERSEY SPORTS & EXPOSITION AUTHORITY SIGNS AGREEMENT WITH HONEYWELL; Meadowlands Retrofit is Largest in Home & Building Control History.

MINNEAPOLIS--(BUSINESS WIRE)-- March 8, 1996-- The Meadowlands Sports Complex, the premier sports and entertainment facility in New Jersey, recently signed an energy retrofit agreement with Honeywell worth nearly $45 million, the largest in Honeywell Home and Building Control history. The contract extends 15 years and provides for updating and retrofitting the facilities' heating, cooling, and lighting systems, as well as upgrading the existing building management systems.

The Meadowlands is operated by the New Jersey Sports & Exposition Authority (NJSEA). "This precedent setting agreement between Honeywell and the New Jersey Sports and Exposition Authority should serve as the national model for a cost saving public-private partnership providing maximum bang for the energy dollar," stated Dennis Robinson, executive vice president of the NJSEA. "This is a win-win proposition for the Authority, its 8 million customers and the taxpayers of New Jersey."

"We are proud to enter into this partnership with NJSEA," said Susan Engeleiter, vice president and manager of government markets for Honeywell Home and Building Control. "Honeywell's leadership in the controls industry and our experience with energy retrofits at thousands of buildings worldwide will help the NJSEA maximize their energy conservation efforts, as well as improve comfort for all who use and work at the complex."

The Meadowlands sports complex is a 750-acre site consisting of three major facilities:

o Giants Stadium, with 76,000 seats, opened in 1976 and is home to the National Football League's Giants and Jets and other outdoor events;

o Meadowlands Racetrack, with a 40,000-patron capacity, opened in 1976 and showcases harness and thoroughbred racing; and

o Continental Airlines Arena, with 21,000 seats, opened in 1981 and is home to the National Hockey League's New Jersey Devils, the National Basketball Association's New Jersey Nets, the Big East Conference's Seton Hall University and other indoor events.

In addition to the three major facilities, the complex also has an indoor football practice field and a Backstretch Area of the racing complex which comprises seven dormitories, 16 barns, an administration building, a recreation hall and a fire house.

As part of the comprehensive energy retrofit agreement, Honeywell will convert the facilities' electric heating and cooling systems to less expensive natural gas, garnering incentives for NJSEA from Public Service Electric and Gas (PSE&G), the local utility. The PSE&G's incentive program, called the Standard Offer, provides users with incentives to implement fuel conversion and other energy conservation measures. The incentives paid by PSE&G to the NJSEA will, in effect, create an annual revenue stream for up to 15 years.

In another energy saving measure, Honeywell will install thousands of more efficient lamps and ballasts in the administrative and common areas of the Meadowlands Complex.

The existing building management systems will be upgraded to the Honeywell EXCEL 5000(R) direct digital control system. The system will include local area network (LAN) architecture to enable NJSEA personnel to monitor and manage energy consumption throughout the complex.

The NJSEA management team was looking specifically to maximize PSE&G Standard Offer Program incentives, as well as the complex's energy savings, improve the physical plant's infrastructure, find a single source supplier with a proven track record of delivery, improve the comfort of employees and patrons, while at the same time establishing a self-funding program. Honeywell has been on site since the Meadowlands was built 20 years ago to maintain the building control and fire systems. When the opportunity arose to present qualifications for services, Honeywell assembled a strong team.

"Honeywell, in combination with DLB Associates, a large mechanical and electrical engineering firm, and Coccaro Torres Energy Alternatives, a utility incentive specialist, formed the best team in the industry, and together we provided the best solution to meet the customer's needs," said Tom Hamilton, Honeywell Home and Building Control branch manager in Parsippany, New Jersey.

"The scope of this project is the result of more than 100 computer simulations of the complex and an intensive site investigation by 25 engineers," explained Donald L. Beaty, P.E., president of DLB Associates. "The project will include about 7,000 tons of air conditioning, about 14.8 megawatts of electric heating and domestic hot water, conversion to natural gas and upgrading more than 12,000 lighting fixtures. Implementation planning will be crucial since the complex typically operates night and day, seven days a week."

"The Honeywell team, including DLB Associates and Coccaro Torres, provided us with an expert energy game plan for the retrofitting of a sports and entertainment complex that hosts 600 events a year in three major facilities," said Robinson. "They made our strategic energy planning for the future a present day affordable reality."

Honeywell Home and Building Control is a leader in the controls industry and provides products and services to create efficient, safe, comfortable environments to thousands of educational, government, health care, and industrial facilities around the world. Honeywell offers controls for heating, ventilating, humidification and air conditioning; security and fire alarm systems; home automation systems; energy efficient light controls; and building management systems and services.

Honeywell was named Green Lights Manufacturer of the Year in 1995 by the Environmental Protection Agency (EPA) and has helped four customers also achieve top EPA honors. Honeywell was the first company to enroll its 31 US buildings in the Energy Star(TM) Buildings program, cutting energy consumption at some buildings by 20 to 30 percent.

Honeywell is a global controls company focused on creating value through technology that enhances comfort, improves productivity, saves energy, protects the environment and increases safety. The company serves customers worldwide in homes and buildings, industrial, and aviation and space markets. Honeywell employs 50,000 people in 95 countries and had 1995 sales of $6.7 billion.

CONTACT: Lisa Billingham

Honeywell Inc.

Home and Building Control

Honeywell Plaza

Minneapolis MN 55408

612/951-3997

or

Lynda Nordeen

Honeywell Inc.

Honeywell Plaza

Minneapolis, MN 55408

612/951-0070
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Date:Mar 8, 1996
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