ITT Industries and Honeywell Alliance to Deliver Asset Optimization Solutions Integrated with PumpSmart Flow Control Systems
Integrated Offering for Process Industries Will Provide Lower Lifecycle Cost, Improved Process Control, and Real-time Asset Management
SENECA FALLS, N.Y. and PHOENIX, June 5 /PRNewswire/ -- The Industrial Pump
Group of ITT Industries, Inc. (NYSE: ITT), the world's largest pump producer,
and the Hi-Spec Solutions business of Honeywell (NYSE: HON) Industrial Control
have formed an alliance to jointly develop and market new integrated solutions
that will enable improved flow control, reduced energy consumption, lower
maintenance costs, and real-time asset management of industrial rotating
machinery.
Under terms of the alliance, the two companies will integrate ITT
Industries' PumpSmart(R), part of the Goulds Pumps line of flow control
products with Honeywell's @sset.MAX(TM) asset optimization technologies. The
new solutions will deliver combined asset management and intelligent flow
control capabilities for the process industries -- including integration of
the first intelligent flow control system with asset management software for
on-line monitoring and optimization of critical plant assets.
"It has never been more clear that our industrial customers must embrace
energy efficiency and optimize asset utilization to remain competitive," said
Ken Napolitano, General Manager of ITT Industries' PumpSmart Control
Solutions. "We are excited about the opportunities created by merging the
complementary expertise of Honeywell and ITT Industries in the areas of
process automation and rotating machinery optimization. "
Virginia Burnell, Vice President and General Manager of Honeywell Hi-Spec
Solutions, said, "We are pleased to be able to work with ITT Industries to
bring together our respective technologies for the benefit of our customers.
We expect our solution offerings will open new avenues for companies to
improve manufacturing performance and profitability."
About ITT Industries
PumpSmart Control Solutions (http://www.pumpsmart.net) is a division of
the Industrial Pump Group of ITT Industries.
ITT Industries, Inc. (http://www.itt.com) supplies advanced technology
products and services in key markets including: electronic interconnects and
switches; defense communications, opto-electronics, information technology and
services; fluid and water management and specialty products. Headquartered in
White Plains, New York, the company generated $4.8 billion in 2000 sales, and
employs approximately 42,000 people around the world. In addition to the New
York Stock Exchange, ITT Industries stock is traded on the Midwest, Pacific,
London, Paris and Frankfurt exchanges.
About Honeywell
Honeywell Hi-Spec Solutions provides value-based solutions that maximize
revenue and profitability and enhance cash flow of production-centric
companies. As a premiere provider of supply chain optimization, Hi-Spec
Solutions helps companies maximize their profitability through an integrated
approach to improving manufacturing performance, expanding asset capability,
and enabling improved decision making across the supply chain. Hi-Spec
Solutions is the advanced applications business group of Honeywell Industrial
Control.
Honeywell Industrial Control, headquartered in Phoenix, Arizona, is a
$3 billion global leader in the supply of automation systems, advanced
software solutions and value-added services used in a variety of industries
including refining, petrochemicals, chemicals, oil and gas, pulp and paper,
pharmaceutical, consumer packaged goods, and power generation. Industrial
Control is also a leading global supplier of sensors, switches and control
products for automotive, information technology, consumer, aviation and
industrial applications. For inquiries, call 1-800-288-7491 or access
http://www.iac.honeywell.com or http://www.honeywell.com/sensing.
Source: ITT Inc.
