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Honeywell To Upgrade First Ice-Class Offshore Stationary Platform On Sakhalin Shelf

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Honeywell Process Solutions will upgrade process control and alarm management systems at the Molikpaq platform on the Sakhalin shelf, Russia, to improve safety, reliability and operational efficiency. The platform produces 48,000 barrels of crude oil per day.

“Offshore production is associated with a number of risks to workers, the environment and efficient processes, and demands systems that meet the highest reliability, safety and durability standards,” said Frank Whitsura, vice president, Honeywell Process Solutions. “Our solutions are designed to meet the requirements needed to operate in harsh environmental conditions and help our partners to improve their operational and cost efficiencies.”

To modernize the process control system and improve safety at the facility, Honeywell will implement the latest version of its Experion® Process Knowledge System (PKS) and DynAMo Alarm Suite (pictured above). By enabling unified access to process control, production management and asset management, the distributed control system will help to improve efficiency and profitability, reduce total cost of ownership while helping the facility achieve optimum production of oil.

For more information, read the press release.

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Satellite-based Instrument Landing System Introduced at Sydney Airport

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The SmartPath technology (otherwise known as a Ground Based Augmentation System, GBAS), is a precision approach and landing system allowing suitably equipped aircraft to land within one meter of the runway center line in low visibility conditions.

Honeywell's SmartPath® technology has been brought into service at Sydney Airport in Australia. It is the first of its type in the southern hemisphere. 

The SmartPath technology (otherwise known as a Ground Based Augmentation System, GBAS), is a precision approach and landing system allowing suitably equipped aircraft to land within one meter of the runway center line in low visibility conditions. 

“The air travel industry in Australia has grown exponentially over the years driven by both outbound travel and local domestic demand and Sydney Airport remains the busiest in the country,” said Brian Davis, vice president, Airlines, Asia Pacific, Honeywell Aerospace. “Honeywell’s GBAS is a cost-effective and easy-to-install solution that has a number of potential benefits.” 

Read more in the official press release from Airservices Australia. 

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Honeywell Declares Quarterly Dividend

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Honeywell's Board of Directors has declared a regular quarterly dividend of $0.45 per share on the company’s outstanding common stock. The dividend is payable on September 10, 2014 to shareowners of record at the close of business on August 21, 2014.  

 

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Teachers Step Outside the Classroom For a Greener Future

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At a time when most of their students are enjoying summer vacation, 70 middle school teachers from across the globe gathered in San Diego to participate in Honeywell Green Boot Camp. The program educates teachers about environmental science through hands-on sustainability lessons that they can bring back to their classrooms. 

This year, teachers built model wind turbines and solar powered cars, performed water testing, and learned how to use watt meters to measure electric power. Participants left with more than 80 lesson plans designed by fellow teachers to help bring STEM education to life in their classrooms as well as a new network of educators that they can continue to collaborate with in the future. 

“As a science educator, I’m always looking for development opportunities to advance my knowledge around key science topics,” said Kristy Mar, secondary science teacher at J.H. Hull Middle School in Torrance, Calif. “It’s my professional obligation to continuously grow, and Honeywell’s Green Boot Camp provides an ideal forum to learn and collaborate with my peers. I can’t wait to bring these lessons back to my students.”

Learn more about the program.

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Teachers & Students Research to Improve Chesapeake Bay Health in Honeywell Ecosystem Program

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More than 70 gifted middle school and high school students recently worked alongside top scientists and researchers collecting and analyzing data on the health of the Chesapeake Bay as part of the Honeywell Institute for Ecosystems Education.  The two week summer science and environmental program for students in grades 6 through 10 ran from July 6 to July 19 at the University of Maryland Center for Environmental Science’s Horn Point Laboratory in Cambridge, Maryland.

The Honeywell Institute for Ecosystems Education, started in 2010, is coordinated through the Maryland State Department of Education’s Gifted and Talented Summer Center.  Its goal is to increase students’ awareness of environment issues in ways that will inspire them to contribute to changes in their community, work with local scientists, influence local politicians and pursue careers in environmental science, math, technology and engineering (STEM) education. 

Maryland Delegate Adelaide “Addie” Eckhart, a longtime advocate for education and the environment, praised the 73 students and 15 teachers for their active participation in local conservation efforts. “The Chesapeake Bay is an integral part of our community's well being, and we thank Honeywell for their ongoing commitment to our students, teachers and community,” she said.  “By engaging students in the issues and sciences that are of critical importance to our state, the Honeywell Institute for Ecosystems Education program ensures that we have both local and global stewards to safeguard our environment for years to come.”

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Dave Cote Discusses Strong 2nd Quarter Performance on CNBC’s Mad Money

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Honeywell Chairman and CEO Dave Cote appeared on CNBC’s Mad Money with Jim Cramer on July 21 to discuss Honeywell’s strong Q2 earnings and how the company will continue to drive its strategy for growth.  

Cote emphasized the importance of Great Positions in Good Industries, high-quality earnings and strong cash flow as keys to the company’s continued outperformance.  He highlighted Honeywell’s leading solutions in the oil industry that work to get the most out of every barrel of oil, and viable biofuel technology that produces fuel from natural, renewable sources like algae and camelina.  Additionally, Cote discussed the company’s continued focus on cash, driving strong free cash flow through high quality earnings and working capital, and generating great returns through CAPEX investments. 

“Our cash flow has been very good, and it is going to continue to be good,” he said.    

Watch the full interview.  

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