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News Releases
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Honeywell Secures Global Rights from Dupont on Replacement for
Ozone-Depleting R-22 Refrigerant
Allows Honeywell to sell R-422D as replacement for R-22 in refrigeration and
air-conditioning systems.
MORRIS TOWNSHIP, N.J., Oct. 15, 2008 - Honeywell (NYSE: HON)
announced today it has secured global rights from DuPont allowing Honeywell to
sell R-422D, a replacement for R-22 in refrigeration and air-conditioning
systems.
R-422D is a non-ozone-depleting hydrofluorocarbon (HFC) refrigerant that is an
efficient and cost-effective retrofit solution for replacing ozone-depleting
R-22 in existing systems. Honeywell will sell R-422D under the Genetron®
refrigerants brand name.
"This global agreement allows Honeywell to provide additional solutions for
its customers all over the world who must meet regulatory requirements to
phase-out ozone-deplete substances," said David Diggs, global business
director for the refrigerants business of Honeywell Fluorine Products.
Under the Montreal Protocol, all signatory nations have agreed to phase-out the
use of ozone-depleting substances, including chlorofluorocarbons (CFCs) and
hydrochlorofluorocarbons (HCFCs). The European Union has aggressively
implemented this change. In 2003, it banned new systems from using R-22, a HCFC
refrigerant. Additionally, in 2010 the production of R-22 for refrigeration and
air-conditioning applications for service of existing equipment will also be
prohibited. Owners of R-22 based equipment will either need to service the
equipment with recycled/reclaimed R-22, use a retro-fit fluid such as R-422D or
replace the equipment. Other countries are also implementing the phase-out of
R-22.
Honeywell's Fluorine Products business is a leader in the manufacture and
supply of zero ozone-depleting refrigerants used by top air-conditioning and
refrigeration makers worldwide and blowing agents for energy-efficient foam
insulation, as well as hydrofluoric acid and precursors for nuclear fuel.
Honeywell Specialty Materials, based in Morristown, N.J., is a $4.9 billion,
global leader in providing customers with high-performance specialty materials,
including fluorine products; specialty films and additives; advanced fibers and
composites; intermediates; specialty chemicals; electronic materials and
chemicals; and technologies and materials for petroleum refining.
Honeywell International is a $38 billion diversified technology and
manufacturing leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry; automotive
products; turbochargers; specialty chemicals; fibers; and electronic and
advanced materials. Based in Morris Township, NJ, Honeywell's shares are traded
on the New York, London, Chicago and Pacific Stock Exchanges. It is a component
of the Standard & Poor's 500 Index. For additional information, please
visit www.honeywell.com.
This report contains "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934. All statements, other than
statements of fact, that address activities, events or developments that we or
our management intend, expect, project, believe or anticipate will or may occur
in the future are forward-looking statements. Forward-looking statements are
based on management's assumptions and assessments in light of past experience
and trends, current conditions, expected future developments and other relevant
factors. They are not guarantees of future performance, and actual results,
developments and business decisions may differ from those envisaged by our
forward-looking statements. Our forward-looking statements are also subject to
risks and uncertainties, which can affect our performance in both the near- and
long-term. We identify the principal risks and uncertainties that affect our
performance in our Form 10-K and other filings with the Securities and Exchange
Commission.
Media Contacts:
U.S.
Peter Dalpe
(973) 455-4908
peter.dalpe@honeywell.com
Europe
Sabine Chmielewski
+49 (0) 5137-999-9411
sabine.chmielewski@honeywell.com
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