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06.10.2004 Parker and Honeywell Create Alliance |
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Two trusted names in the process control industry have joined forces to provide customers with a single-system solution that meets analytical needs. The Instrumentation Products Division of Parker Hannifin Corporation and Honeywell announced they are teaming to deliver next-generation solutions for process sampling, sensing and analysis.
"Our teaming agreement with Honeywell will allow our customers the ability to close the loop on process control with pressure, temperature and flow sensing that will relay the health of the system to technicians," explains Parker Instrumentation Group President Roger Sherrard. "Honeywell and Parker technologies are extremely complementary, and we've created a seamless channel that will make it simple for customers to realize that benefit." An early user of the system, Michelle Cohn, senior manager of the advanced characterization area in exploratory and fundamental research for UOP LLC, agrees. "The modular flow system from Parker and Honeywell improved the productivity of our skilled staff responsible for developing and delivering new technologies in our labs and pilot plants," she explains. "Total project time to install this system was reduced by two-thirds compared to conventional systems and only required half the normal amount of time by our professional staff." Under the agreement, leading-edge sample system design and fabrication will be available to customers through an innovative channel to market. For design, customers will have access to Parker IntraFlow Design Pro Software via the Internet. Upon completion of design work, which may include Honeywell and Parker application engineering support, the Parker global distribution network will be the customer's focal point for order placement. "We are very excited by the power this agreement with Parker brings to our mutual customers," said Brad Kautzer, vice president and general manager of the Honeywell Sensing and Control industrial business. "Two trusted names in the industry are making a joint commitment to help customers transition to next-generation process sampling systems." About Honeywell Honeywell International is a $23 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. The Honeywell Automation and Control Solutions (ACS) business group is 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 the Honeywell Sensing and Control business, access www.honeywell.com/sensing. About Parker With annual sales exceeding $7 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 48,000 people in 46 countries around the world. Parker has increased its annual dividends paid to shareholders for 48 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. The Parker Hannifin Instrumentation Products Division is a leading global designer, manufacturer and distributor of premium quality critical flow components such as tube fittings, valves and custom engineered products for worldwide process instrumentation, ultra-high purity and analytical applications. For more information about our process products and systems, visit www.parker.com/intraflow. This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in Honeywell's filings under the Securities Exchange Act. Parker Hannifin |
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