Honeywell and Conoco sign three-year agreement

The Industrial Automation and Control business of Honeywell has signed a three-year plus, global alliance agreement with Conoco Inc valued at $20M annually

The Industrial Automation and Control business of Honeywell has signed a three-year plus, global alliance agreement with Conoco Inc.

valued at $20 million annually.

The alliance, which expands the existing business relationship between the two companies, calls for Honeywell to be Conoco's first-choice automation supplier, leveraging Honeywell's core competencies throughout all business segments.

The alliance represents the first global agreement signed by Conoco since its separation from DuPont in August 1999.

"Our objective is to substantially elevate our competitive position, which includes building cohesive relationships with leading service and technology suppliers such as Honeywell," said Richard Severance, Conoco's President of North American Refining, Marketing and Transportation.

"This global alliance will provide us with cost-effective, advanced solutions to attain this goal within our refining business." "We are delighted to be taking the next step toward advancing our already successful business relationship with Conoco," said Don Schwanz, President of Honeywell Industrial Control.

"Our joint mission is to produce business value that is best in class by maximising the synergies between our two world-class companies." Conoco will take advantage of Honeywell's entire portfolio of TotalPlant automation solutions, including Business Optimisation applications software and services.

Honeywell will support Conoco in its goal to globally expand its presence, with an emphasis on upstream and power business segments.

Conoco has been a longstanding customer of Honeywell and is a major user of Profit Suite, a unified family of state-of-the-art advanced control and optimisation applications from Honeywell Hi-Spec Solutions.

A fully integrated energy company, Conoco is active in 40 countries and is involved in every aspect of the oil and gas industry, including exploration, production, transportation, marketing, refining and power.

Honeywell Hi-Spec Solutions is the leading supplier of Unified Manufacturing(tm) Solutions for Business Optimisation in the process industries.

These solutions help companies maximise their profitability through a balanced approach to improving manufacturing performance, expanding asset capability, and enabling improved decision making.

Hi-Spec Solutions is the advanced applications business unit of Honeywell Industrial Control, the leading world-wide supplier of industrial automation solutions.

The Hi-Spec Solutions Web site is at http://www.hispec.com.

Honeywell Industrial Control, headquartered in Phoenix, Arizona, comprises two industrial leaders.

Honeywell Industrial Automation and Control (IAC) is 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.

Sensing and Control is a global supplier of sensors, switches and control products that are used in the automotive, information technology, consumer, aviation and industrial markets.

Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers world-wide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems, speciality chemicals; fibres; plastics; and electronic and advanced materials.

The company employs approximately 120,000 people in 95 countries.

Honeywell is traded on the New York Stock Exchange under the ticker 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 and is also a component of the Standard and Poor's 500 Index.

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