PHOENIX, Oct. 13, 2005 - Honeywell (NYSE:HON) today announced the approval of its membership in the CAPE-OPEN Laboratories Network (Co-LaN). Co-LaN is a neutral industry and academic association promoting open interface standards in process simulation software. CAPE-OPEN compliant interface is an industry standard for software developers. Products that meet this standard are "CO Compliant" and can integrate seamlessly with other "CO Compliant" applications.
"This membership enhances Honeywell's UniSim(tm) simulation solution because our design, operator training and optimization solutions will allow our customers access to technologies from other providers, as well enabling them to integrate their own technologies into a comprehensive simulation solution" said Rob Eastick, UniSim Product Manager, Honeywell Process Solutions. The UniSim solution lets process manufacturers design, test new processes offline, and train employees prior to implementing the process. Once the new process is online, the UniSim solution supports process control and optimization, performance monitoring and business planning.
Being a CO-LaN member puts Honeywell at the "learning edge," acquiring the ability to create business and technology architectures that take full advantage of transparent access to CAPE resources. Through CO-LaN membership, Honeywell and its customers will benefit in the following ways:
- Decreased Time to Market.
- Influencing the Technology Adoption Process.
- Networking with Industry Experts.
- Increased Return On Investment.
- Implementing New Business Models.
CAPE software providers share thecost of foundation technology (the interface definition), decreasing product time-to-market and lengthening the period for their product life cycles.
CAPE softwareproviders and users, through well-proven collaboration mechanisms, jointly shape CAPE standards that better meet needs, hence enabling suppliers and users to make sound and timely business and technology development decisions based on known and quantified requirements.
CO-LaN allows softwareproviders and users to develop a convenient means to discuss CAPE issues in an informed manner and solve shared problems.
Market participants canassure that investments made in building the foundation for CAPE interoperability meets their product planning and operational needs.
The innovative componenttechnology behind the CO standard will facilitate new business models for simulation software vendors who will be able to act as application service providers.
Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.
Based in Morris Township, N.J., Honeywell's shares are traded on the New York, 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 & Poor's 500 Index.
For additional information, please visit www.honeywell.com .
Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry.
For more information about Process Solutions, access www.honeywell.com/ps .
