Honeywell PowerShield™ Cool Black, a black laminate film designed to help make black solar panels cooler and more efficient, has been named one of the top 10 most innovative materials at PVTOP50, a solar conference held in Shanghai, China. The product was selected by a combination of consumer votes and assessments from managers at the National Development and Reform Commission of China and experts from China’s photovoltaic industry associations.
"The technology behind PowerShield Cool Black is based on more than three decades of Honeywell innovation in high-barrier films for food packaging, industrial and healthcare applications,” said Xu Huang, Asia general manager for Honeywell Specialty Products. “Collaborative testing by local Chinese component manufacturers and other global leaders has proven the effectiveness of this technology to meet the demanding needs of solar manufacturers. Honeywell is committed to an active and global research and development program for photovoltaic backsheets, with laboratories in the U.S. and Shanghai.”
General Manager of Honeywell Specialty Products for Asia Xu Huang (fifth from left) received the award at a cermeony during the PVTOP50 conference.
Honeywell announced that investments of approximately $300 million will be made by the company and key suppliers to increase production capacity for HFO-1234yf, a new refrigerant for automobiles with a global-warming potential (GWP) of less than 1. This GWP is 99.9 percent lower than that of HFC-134a, the current refrigerant in use, and even lower than that of carbon dioxide.
Among these investments, Honeywell will construct a high-volume manufacturing plant using new process technology at the company’s existing Geismar, Louisiana, refrigerants manufacturing site, which is expected to be fully operational in 2016. The exact size of the plant will depend on supply agreements that Honeywell is putting in place with major customers.
“Demand for HFO-1234yf is increasing around the world in response to concerns about greenhouse gas emissions and the need to comply with the Mobile Air Conditioning (MAC) Directive in Europe and Corporate Average Fuel Economy (CAFE) regulations in the U.S.,” said Andreas Kramvis, president and chief executive officer of Honeywell Performance Materials and Technologies. “After many years of analysis by the automotive industry, policymakers and environmental groups, it is clear that HFO-1234yf is a safe, effective and robust solution to address global warming and fuel efficiency. Honeywell’s investments will ensure adequate supply to meet growing demand.”
Germany’s leading provider of post and parcel services Deutsche Post DHL is equipping its employees with 55,000 Honeywell Dolphin™ 99EX mobile computers. The devices will enable approximately 60,000 employees to track and trace millions of DHL parcels delivered each day across Germany — including more than seven million parcels during the peak holiday season.
More than 2,500 users from Deutsche Post DHL’s parcels division tested 11 different devices before choosing the Dolphin 99EX. It offers the best combination of ergonomics, robustness, capacity, performance and ease of use. The device’s long battery life and ability to quickly photograph items to prove condition at the point of delivery were further factors.
“We wanted a rugged, easy-to-use device and a complete solution that offered a lower total cost of ownership for the next seven years,” said Claudia Allmann, project manager for handscanner operations integration at Deutsche Post DHL. “The performance of the Dolphin 99EX mobile computer and the service level and support provided by the Honeywell team stood out as best in class and they ensured that we have a state-of-the-art solution.”
Briand Greer, President, Asia Pacific at Honeywell Aerospace recently appeared on CNBC’s Squawk Box Asia. During the interview, Greer projected positive growth for Asia, referencing that 50% of all aircraft traffic will be in and to Asia over the next 20 years. He explained how Honeywell technologies can help airports manage the addition of aircraft in a safer, more organized way.
“Honeywell is one of the few companies that has the technology in the cockpit and on the ground,” Greer explained. “Our Smart Path technology takes the GPS signals, refines that, and allows aircraft to fly a much more efficient approach into the airports, which obviously takes care of the bottlenecks and allows more aircraft to be able to land. That’s really key because, as you said, China is building a lot more airports and there are others areas in Asia Pacific where that’s happening also.”
To watch the full interview and hear more statistic on Asia’s growth prospects, click here.
Honeywell’s law department was named as one of the 2013 Most Innovative U.S. Law Firms in the In-house Legal Teams category by the Financial Times (FT). It was listed as “highly commended” for being a multi-faceted legal function that has controlled litigation through analyzing underlying causal behaviors and played a fundamental role in the company's growth.
The 2013 FT ranking is more competitive than ever before. FT received numerous nominations from companies across the U.S. this year. Its research partner, RSG Consulting, conducted interviews with in-house team members and commercial referees to validate nominations and submissions. This year, the seniority of the commercial interviewees was testament to the work that the in-house teams are recognized for, with many CEOs taking the time to talk about their lawyers.
Institutional Investor recently released its annual ranking of U.S. corporate leaders, ranking Honeywell #1 of more than 60 companies across all categories in the electrical and multi-industry sector. Honeywell Chairman & CEO Dave Cote, Honeywell CFO Dave Anderson and Honeywell Vice President of Investor Relations Elena Doom were all ranked first in this sector for the publication's 2014 All-America Executive Team by both the buy-side and sell-side investment professionals. The rankings place Honeywell at the top of Institutional Investors’ list of Honored Companies with equipment manufacturer Cummins.
Cote is quoted in a recent Institutional Investor article titled Cummins, Honeywell Top 2014 All-America Executive Team, which is focused on this year's awards. Cote explains Honeywell’s plan to expand its presence in emerging markets, where he believes the most growth will occur over the next two decades. The article also details Honeywell’s year-over-year profit increase, rise of earnings-per-share, and impressive stock price increase of 46.1 percent in the past 12 months, to $88.51.
Institutional Investor’s annual ranking of U.S. corporate leaders as seen through the eyes of investment professionals reflects the opinion of more than 1,400 buy-side analysts and money managers at 625 firms that collectively manage an estimated $7.2 trillion in U.S. equities and roughly 1,200 analysts at brokerages and independent investment firms.