Honeywell Delivers Long-Term Comfort and Security to 10 New LEED Schools in
Alberta

    
    Public-Private Partnership for Schools Adds to Previous Agreement to Help
    the Province Lower Construction and Operating Costs




    
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<p><span class="xn-location">MINNEAPOLIS</span>, <span class="xn-chron">April 30</span> /CNW/ -- Honeywell (NYSE: HON) today announced a <span class="xn-money">$78-million</span> (CAD) contract with B2L Partnership, which is contracted to the province of Alberta, <span class="xn-location">Canada</span>, to deliver a Total Asset Management program for 10 new kindergarten through 9th-grade schools in <span class="xn-location">Calgary</span> and <span class="xn-location">Edmonton</span>. Honeywell will be responsible for the performance and maintenance of all the facilities over the next 30 years, as well as design support and installation of climate control, fire and security systems in the schools, which will be built to Leadership in Energy and Environmental Design® (LEED) Silver certification requirements.</p>
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<p>The new contract builds on a previous Total Asset Management agreement for the construction and upkeep of 18 new LEED Silver-certified schools -- the first-ever social infrastructure Public-Private Partnership (P3) in Alberta. Honeywell has started to assume maintenance responsibility for several schools, which have been completed ahead of schedule.</p>
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<p>The Honeywell program and overarching partnership will provide the <span class="xn-location">Calgary</span> and <span class="xn-location">Edmonton</span> districts 10 additional facilities at a guaranteed cost below what it would take the province to build the schools and maintain them for 30 years. The end result is an affordable, safe and comfortable environment for students and staff.</p>
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<p>"The P3 model allows us to focus on our core mission of educational excellence," said <span class="xn-person">John Gibson</span>, project director for the Government of Alberta. "We're able to leverage the facilities expertise of partners like Honeywell, and provide value for money to the province and taxpayers. We look forward to bringing these green, energy-efficient schools online, knowing they will be well-maintained for decades to come and have no deferred maintenance at the end."</p>
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<p>Honeywell is part of a consortium responsible for the P3 agreement that includes financier B2L Partnership and builders Bird-Graham Schools A Joint Venture. Up front, Honeywell will help design and install the heating, ventilation and air-conditioning (HVAC), fire and security systems in each school. The company will tie these systems together with its Enterprise Buildings Integrator (EBI) platform, which will help achieve the buildings' LEED Silver certification through sophisticated monitoring of comfort, air quality and energy consumption.</p>
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<p>Once the new schools are complete, Honeywell will be responsible for comprehensive facility management over the next three decades. This includes service for all mechanical and automation equipment, building envelope repairs, infrastructure upgrades and replacement, and grounds work. The company will also look for opportunities to improve energy efficiency and reduce related costs. Custodial work and utility expenses are not included.</p>
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<p>By having a monthly fixed-price contract for facility services, the province will lower its typical operating costs for schools. In addition, Honeywell guarantees its work through performance indicators outlined in the agreement, including standards for temperature, safety and response times.</p>
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<p>"This agreement builds on our long standing record of taking care of buildings in Alberta," said Paul Orzeske, president of Honeywell Building Solutions. "Through Honeywell's ongoing maintenance and building systems optimization, we expect these schools to operate as well after 30 years as they did on day one."</p>
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<p>Construction of the schools is expected to be complete by <span class="xn-chron">June 2012</span>, and Honeywell will start upkeep and maintenance immediately afterward.</p>
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<p>Honeywell International (<a href="http://www.honeywell.com">www.honeywell.com</a>) is a Fortune 100 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, <span class="xn-location">London</span>, and <span class="xn-location">Chicago</span> Stock Exchanges. For more news and information on Honeywell, please visit <a href="http://www.honeywellnow.com">www.honeywellnow.com</a>. Honeywell Building Solutions is part of the Honeywell Automation and Control Solutions business 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 Building Solutions: <a href="http://www.honeywell.com/buildingsolutions">www.honeywell.com/buildingsolutions</a>.</p>
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<p>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.</p>
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For further information: Aaron Parker of Honeywell, [phone], [email protected] Web Site: http://www.honeywell.com