Low-Global-Warming Blowing Agent for Closed Cell Foam Insulation to Help Leading Chinese Appliance Manufacturer Meet Current and Future Energy and Environmental Regulations

MORRIS TOWNSHIP, N.J., Nov. 6, 2013 -- Honeywell (NYSE: HON) announced today that Midea, a leading Chinese appliance manufacturer, will adopt Honeywell's next-generation Solstice™ Liquid Blowing Agent (LBA) to insulate Midea refrigerators and freezers.


Use of the lower-global-warming potential blowing agent will allow Midea to meet current and future energy efficiency and environmental regulations. Blowing agents are integral materials for energy efficient closed-cell foam used to insulate refrigerators.


"Honeywell is committed to developing technologies that help our customers produce energy-efficient appliances that are great for consumers and better for the environment," said Sanjeev Rastogi, business director for Honeywell Fluorine Products. "We are delighted to help Midea manufacture products that benefit from our expertise in developing and supplying high-performance, energy-efficient, and low-environmental-impact solutions."


Midea is currently transitioning from the use of a cyclopentane, a hydrocarbon blowing agent, to blends of cyclopentane and Enovate® 245fa, Honeywell's current generation blowing agent, to improve the energy efficiency of its appliances. Subject to the terms of a pending final agreement between the two companies, Midea will continue to increase its use of Enovate 245a, but will also adopt Solstice LBA beginning in 2014 to insulate refrigerators and freezers to be manufactured in China.


"Midea is committed being a leader in the manufacture of energy-efficient appliances," said Eric Wang, president of Midea's refrigerator and freezer division. "Midea's planned use of Enovate 245fa and Solstice LBA will provide them with the lowest-cost route to meet current and future energy standards."


Blowing agents from Honeywell allow closed-cell polyurethane foam insulation to expand, and provide the majority of the foam's excellent insulating properties. These blowing agents can be used in a wide range of applications, including spray foam insulation, insulated architectural panels, and refrigerated shipping containers.


Enovate is a non-flammable hydrofluorocarbon (HFC) blowing agent that does not deplete the ozone layer. Honeywell introduced Enovate 245fa in 2002 and supplies it to a range of industries, from appliance insulation to spray foam.


Solstice LBA is a next-generation blowing agent with a global warming potential (GWP) of 1 that is listed under the EPA's Significant New Alternatives Policy (SNAP) Program. Solstice LBA is nonflammable and is not a volatile organic compound. Honeywell is currently building world-scale production capacity for Solstice LBA that is expected to come on line in early 2014.


In addition to Solstice LBA, Honeywell's family of Solstice-branded products includes stationary and mobile refrigerants, gaseous blowing agents, propellants, and solvents based on Honeywell's new hydrofluoro-olefin technology that helps customers lower their carbon footprint without sacrificing end-product performance.


The Solstice products have been developed and are being commercialized by Honeywell's Fluorine Products business, 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 Fluorine Products is part of Honeywell Performance Materials and Technologies is a global leader in developing and manufacturing advanced materials and process technologies. These materials and technologies are used by people every day in a wide range of industries and applications, from petroleum refining to environmentally friendlier refrigerants to bullet-resistant vests. Our advanced materials are critical in the manufacture of products ranging from nylon to computer chips to pharmaceutical packaging. Process technologies developed by our UOP business form the foundation for most of the world's refiners, efficiently producing gasoline, diesel, jet fuel and petrochemicals. UOP is now pioneering technology to produce real fuels from renewable energy sources.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. 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.

Contact:
U.S.

Peter Dalpe

973-455-4908

peter.dalpe@honeywell.com



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