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HONEYWELL INTERNATIONAL INC.

(HON)
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Honeywell International : Globalworth Chooses Honeywell Forge SaaS Solution To Drive Sustainability And Improve Energy Efficiency In Buildings Portfolio

08/03/2021 | 06:33am EDT

ATLANTA, July 28, 2021 -- Honeywell (NASDAQ: HON) announced today that Globalworth, a leading office investor in Central and Eastern Europe, will implement Honeywell Forge enterprise performance management software-as-a-service to drive digital transformation at two of its buildings in Bucharest, Romania.

The company will first implement Honeywell Forge Energy Optimization and Predictive Maintenance to improve sustainability and deliver operational efficiencies. The deployment of Honeywell Forge will support Globalworth's goal to create high quality and energy efficient real estate spaces in which people and business can flourish. Globalworth continues to invest in sustainable technology and buildings with enhanced energy efficiency, having recently grown its green-certified property portfolio to 48 buildings in both Poland and Romania.

'We see technology as a differentiator in the commercial real estate industry, and in the current landscape, we're looking for ways to not only improve energy savings and maintenance but also enhance the overall occupant experience and support our tenant's well-being,' said Valentin Neagu, head of property and facility management, Globalworth. 'Honeywell Forge can do those things and help us to achieve our sustainability goals, without sacrificing occupant comfort.'

Honeywell Forge Energy Optimization autonomously and continually optimizes a building's internal set points across hundreds of integrated assets. It constantly evaluates weather, occupancy levels, time of day and other data, and makes adjustments every 15 minutes to improve a building's HVAC system for peak efficiency without compromising occupant comfort. This improved efficiency can generate significant energy cost savings.

Honeywell Forge Predictive Maintenance will help Globalworth improve how its buildings and assets are maintained through a proactive maintenance process of curated recommendations. Using sensors and system integration to analyze building controllers and mechanical assets, Honeywell Forge's intuitive dashboards will provide near real-time insights to track building performance. This data will enable Globalworth to address potential issues earlier, which will reduce unplanned maintenance work on building systems.

Globalworth also recently deployed Honeywell's Healthy Buildings Solutions in its latest development to improve indoor air quality and energy efficiency to help reassure occupants that its buildings are safer, healthier and more efficient.

'Globalworth is a forward-looking company with an enviable portfolio of buildings that understands how digital transformation can maximize efficiencies,' said Usman Shuja, vice president and general manager of Connected Buildings, Honeywell. 'Honeywell Forge will further help Globalworth achieve sustainability, operational improvements and occupant experience goals by providing actionable data to help the company make smarter decisions in managing its buildings.'

Honeywell Forge is a purpose-built SaaS solution on a native edge-to-cloud, data-driven architecture designed to accelerate digital transformation of operations. Learn more at https://www.honeywell.com/us/en/honeywell-forge.

About Globalworth

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth invests, acquires, develops and directly manages high-quality office real estate assets and industrial and logistics parks in prime locations, generating rental income from high-quality tenants from around the globe. Honeywell is a long-time technology partner of Globalworth in providing building management systems, fire and life safety systems, and security systems that help make its buildings more comfortable and operate more efficiently.

About Honeywell

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Disclaimer

Honeywell International Inc. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 10:32:08 UTC.


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Sales 2021 35 073 M - -
Net income 2021 5 720 M - -
Net Debt 2021 8 507 M - -
P/E ratio 2021 26,9x
Yield 2021 1,77%
Capitalization 151 B 151 B -
EV / Sales 2021 4,56x
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Nbr of Employees 103 000
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