Honeywell Turbo Technologies will boost the engines of the Scuderia Ferrari Formula 1 car in 2014. Formula 1 is adopting a new rules package that requires cars to be turbocharged marking a new technical era for the pinnacle of global motorsport racing.
Honeywell will support the Scuderia Ferrari team with the unique technical challenge of moving to an all-new turbocharged 1.6L V6 engine from a 2.4L naturally-aspirated V8 configuration used from 2006 through 2013. This downsized 1.6L engine will produce the equivalent power of a production Honeywell turbocharged 16L commercial vehicle engine. The new downsized turbo engines are also designed with the latest in energy recovery technology to support other systems in the race car.
“To win in Formula 1, our powertrain system must have no weak links,” said Luca Marmorini, Scuderia Ferrari Engine and Electronics Director. “To ensure that, we choose partners with impeccable reputations and experience in delivering innovative, high quality products and services. Honeywell’s turbochargers helped us find the downsizing solutions we needed to meet the new rules without compromising the performance.”
The European Commission’s top scientific and technical body has concluded that Honeywell’s new low-global-warming-potential mobile air conditioning refrigerant, HFO-1234yf, is safe for use in automobiles, marking the final word in a thorough and inclusive evaluation process.
“A scientific review of the research regarding the safety aspects of the use of refrigerant R1234yf in Mobile Air Conditioning (MAC) systems, published today by the European Commission, concludes that there is no evidence of a serious risk in the use of this refrigerant in MAC systems under normal and foreseeable conditions of use,” the European Commission said in statement following an extensive evaluation by the Commission’s Joint Research Centre (JRC). “The review reinforces the conclusions by the German market surveillance authorities, the KBA (Kraftfahrt Bundesamt), which stated that there is no sufficient supporting evidence of a serious risk that would entail the intervention of the authorities.”
JRC issued a 17-page report supporting its conclusions after a three-month evaluation during which it thoroughly reviewed the extensive testing done by a range of leading automakers as well as the world’s foremost automotive engineering body, SAE International, and independent test agencies.
Honeywell will be working with East Valley Water District (EVWD) of Highland, Calif., to improve water distribution systems and reduce utility costs through a combined energy conservation and automated demand response (ADR) program. The project is the first of its kind among municipal water authorities nationwide and, when complete, is expected to reduce annual energy costs by $523,000.
The project will be financed through a 10-year, $4-million energy performance contract with Honeywell, allowing the water district to pay for the upgrades through the anticipated savings, which the company guarantees. As a result, the program should provide the needed improvements without requiring EVWD to invest upfront capital.
The local electric company, Southern California Edison (SCE), will also provide a $500,000 rebate for the district’s involvement in the ADR program, which requires EVWD to trim energy use on days when the call for electricity puts significant stress on the utility grid.
Don Bateman (center), corporate fellow and chief engineer technologist for Flight Safety Systems and Technology at Honeywell Aerospace, has been recognized with the 2013 Elmer A. Sperry Award for Enhancing the Art of Transportation by developing life-saving technology that has eliminated accidents and saved thousands of lives.
The Elmer A. Sperry board recognized Bateman for his development of Honeywell’s Ground Proximity Warning System (GPWS), a terrain awareness and warning system, which has been responsible for reducing Controlled Flight Into Terrain (CFIT) accident risk. Bateman and his team continued to develop GPWS, which evolved into Honeywell’s Enhanced Ground Proximity Warning System (EGPWS) that has reduced CFIT accidents from about one in every 3 million flights to less than one in every 20 million flights. Bateman received the award on March 3, 2014, at the Institute of Electrical and Electronics Engineers Aerospace Conference in Big Sky, Mont.
Learn more about Bateman’s career and Honeywell’s life-saving technology.
Honeywell Chairman and CEO Dave Cote reaffirmed the company's first quarter and full-year 2014 outlook in a CNBC Squawk Box interview on Wednesday, ahead of the company's annual investor conference. Cote also discussed his perspective on the need for America to stay globally competitive and outlined the components of Honeywell’s newly released five-year plan.
“There’s this global economic phenomenon going on now and it’s called China,” said Cote. “You have high-growth regions – think of it as what people used to think of as emerging markets. Today, it’s about a third of the global economy. In the next twenty years, it’s going to become half. We’re in this economic Olympics, feeling like we’re competing with the other Americans as opposed to competing with all these other countries. We need to start changing how we think about this stuff.”
“There’s a lot of excitement about this year’s five-year plan, which you’ll see is double-digit growth in a continued slow-growth economy,” Cote explained. “You’ll continue to see us drive high-growth regions and you’ll see us focus even more on software. At Honeywell we have about 22,000 engineers and more than half of them do software. So even when you think about turbochargers and jet engines – there’s a big software component to it. As a result of that, along with the cash deployment we’ve built up, we’re going to generate about $30 billion worth of cash over the next five years. When you deploy that cash – a lot of it hopefully into M&A – it could generate some very good returns.”
Honeywell held its annual investor conference in New York City to outline its new five year targets (2014-2018) and discuss its continued outperformance and growth strategy. The company expects 2018 sales to increase organically $7-$12 billion to $46-$51 billion and segment margins to increase 220-370 bps over 2013 levels to 18.5-20.0%. It also expects to deliver on its previous five-year targets ending this year.
Honeywell User Experience (HUE), a new approach to the design and development of new products and services, was also introduced at the investor conference. HUE starts with the customer experience and deploys rapid prototyping and other design principles that enable faster cycle time and lead to increased customer value and loyalty.
"HUE is another tool for the company to drive higher organic growth, leverage Honeywell's process enablers and build on the 'One Honeywell' culture,” Cote explained. “HUE makes Honeywell's products and services easier to use, more intuitive, more efficient, and more productive. As we continue to embed more software into our products and services and use software to improve our product development process, we also continue to expand our capabilities."
"We're very proud of what we've been able to accomplish and even more excited about where all the seed planting is going to take us," concluded Cote. "Our expansion in key high growth regions and ability to localize our capabilities is another great example of how we'll drive accelerated growth over the next 5 years. The maturity of our key process enablers – Honeywell Operating System, Velocity Product Development™, Functional Transformation, and now the Honeywell User Experience – makes the 'machinery' work better every day, enabling growth and margin expansion well into the future.”