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MarketScreener Homepage  >  Equities  >  Nyse  >  Honeywell International Inc.    HON


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Honeywell International : Introduces First Cloud-Based Solution That Provides End-To-End Connectivity And Visibility To Fire Safety Systems

10/21/2020 | 11:52am EST

Honeywell Introduces First Cloud-Based Solution That Provides End-To-End Connectivity And Visibility To Fire Safety Systems.


* New Connected Life Safety Services gives customers remote connectivity and visibility to fire safety system - from any mobile device at anytime, anywhere

* Tools built on Honeywell Forge platform can enhance safety, operational efficiency and compliance with optimized commissioning and maintenance

* Available across multiple Honeywell Fire brands in global markets

ATLANTA-- Honeywell (NYSE: HON), a global leader in fire and life safety, today launched the first tools from its new suite of Connected Life Safety Services (CLSS), its first all-in-one cloud platform for fire safety systems.

Honeywell's CLSS suite of tools, built on the Honeywell Forge platform, enable fire technicians to minimize disruption, prove compliance and reduce time needed for design, installation, commissioning, inspection, maintenance and reporting of life safety systems.

'Today's global environment requires the fire and life safety industry to innovate with solutions that enable facility managers and system integrators to monitor their systems and diagnose issues anytime, from anywhere,' said Sameer Agrawal, general manager, Global Fire Software and Services, Honeywell. 'Many facilities are working to create healthier environments and even limiting occupant density to comply with social distancing. With CLSS, we help system integrators provide their customers with the highest level of safety and service and work more efficiently by giving them insight into the system problem before they even get to the site.'

Especially in today's environment, organizations across the fire safety value chain face multiple challenges:

Achieving more with fewer resources - many facility maintenance teams are working with reduced staff.

Managing challenges of limited access to facilities due to shutdowns.

Dealing effectively with safety incidents, where risks remain the same at any occupancy level.

Honeywell's CLSS platform addresses these challenges by enabling systems integrators and facilities management firms to access the data within a fire system from anywhere, without necessarily being physically be at the control panel.

Firetron, the largest individually owned life safety systems company in Texas, is using the Honeywell CLSS platform to support the development of compliance records for its customers.

'We're always looking for the most technologically advanced reporting so that we can reduce customer time and effort during audits,' said David Maloy, president, Firetron. 'For example, our healthcare facility customers are under increasing pressure to provide accurate compliance records per The Joint Commission reporting requirements. With more than 600,000 devices under our management, CLSS provides us with a scalable tool to meet our customer service aspirations.'

Honeywell's CLSS platform is also being employed by EDSB Group of Companies, a UK-based provider of fire, security, electrical, mechanical and building services, in a 50,000-square-meter logistics center for a freight carrier at East Midlands Airport.

'CLSS offers a level of connectivity that provides invaluable reassurance that the system has been commissioned effectively and is being maintained safely,' said Jonathan Parker, managing director, EDSB Group of Companies. 'We can also see how old every detector is and when it needs to be changed based on prevailing regulations. With CLSS, we can tailor settings based on a customer's requirements and verify weekly testing is carried out according to their specifications while also logging faults and fire activations.'

Improves Fire System Commissioning and Maintenance

Through application of digitization principles and Industrial Internet of Things technology, Honeywell's CLSS tools make it easier to design, install, test and commission fire systems while helping eliminate errors and manual data entry throughout the designing, commissioning and maintenance processes. These tools can also improve the delivery of on-time completions and the handover of a compliant system with the relevant reports, saving channel partners - and end users - time and money. During planned maintenance, CLSS streamlines the verification of compliant fire system testing and automatically generates and archives compliance reports for audit purposes.

Whether using the CLSS mobile app or a PC, facility managers can monitor their systems and easily access compliance reporting. This real-time view also enables technicians to troubleshoot a system remotely, allowing them to arrive on site with the right tools to service a system the first time, truly maximizing efficiency and minimizing disruption. This is even more critical given the industry's talent gap of skilled fire technicians.

Using CLSS tools, Honeywell partners can reassure their end users that they are in full alignment with mandated inspection and maintenance requirements. CLSS automatically captures the testing activity thereby removing any doubt on which device was tested, when and by whom. It also automatically generates suggested corrective actions and planned maintenance recommendations based upon local regulations.

CLSS is protected with extensive built-in cybersecurity provisions. Honeywell is committed to proactively monitoring the cybersecurity landscape, ensuring data is safely stored and securely accessible to permitted system users.

Delivering full backwards compatibility, CLSS safeguards investment in legacy systems, while preparing Honeywell partners and end users for ongoing digital transformation. Honeywell's CLSS platform will continue to integrate the latest smart solutions, enabled by cloud connectivity, to ensure buildings and their occupants are as safe as possible. The CLSS tools are accessible via a mobile app and web browser.

The CLSS tools are available in markets globally via several Honeywell Fire brands, including: Gent, NOTIFIER and ESSER. It will be rolled out to additional portfolios over the next year. For more information, please visit https://hwll.co/ltc8v .

About Honeywell Building Technologies

Honeywell Building Technologies (HBT) is a global business with more than 20,000 employees. HBT creates products, software and technologies found in more than 10 million buildings worldwide. Commercial building owners and occupants use our technologies to ensure their facilities are safe, energy efficient, sustainable and productive. For more news and information on Honeywell Building Technologies, visit http://www.honeywell.com/newsroom.

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.

Megan McGovern

Honeywell Building Technologies

+1 (404) 216-6186

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 32 148 M - -
Net income 2020 4 870 M - -
Net Debt 2020 6 272 M - -
P/E ratio 2020 30,6x
Yield 2020 1,71%
Capitalization 147 B 147 B -
EV / Sales 2020 4,77x
EV / Sales 2021 4,51x
Nbr of Employees 113 000
Free-Float 73,1%
Duration : Period :
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Technical analysis trends HONEYWELL INTERNATIONAL INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 190,00 $
Last Close Price 209,41 $
Spread / Highest target 7,92%
Spread / Average Target -9,27%
Spread / Lowest Target -33,1%
EPS Revisions
Darius Adamczyk Chairman & Chief Executive Officer
Gregory P. Lewis Chief Financial Officer & Senior Vice President
Krishna Mikkilineni SVP-Engineering Operation & Information Technology
Suresh Venkatarayal Chief Technology Officer
Clive Richard Hollick Independent Director
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