​Intergovernmental Panel on Climate Change report concludes that Solstice® Propellant has a global warming potential of less than 1

MORRIS TOWNSHIP, N.J., May 28, 2014 – Honeywell (NYSE: HON) announced today that the Intergovernmental Panel on Climate Change (IPCC), a scientific body established by the United Nations, has confirmed that Honeywell’s new low-global-warming propellant, Solstice® Propellant, also known as HFO-1234ze, has a global warming potential (GWP) of less than 1, which is less than carbon dioxide.

The IPCC is the international body that assesses the science related to climate change. Their assessments are widely accepted by governments around the world and provide a basis for those governments to develop climate-related policies.

Propellants like Solstice Propellant can be used in a variety of aerosol applications, including those commonly found in the personal care, automotive, electronics and household care industries. These include cosmetic sprays, dusters, air horns, industrial cleaners and novelty aerosol products.

“Manufacturers of aerosol products are looking to balance product and environmental performance, and Solstice Propellant delivers,” said David Cooper, global business director for Honeywell’s Fluorine Products business. “It offers outstanding performance in aerosol products and, combined with its IPCC-confirmed GWP of less than 1 and its VOC exemption, is a great choice for those seeking a propellant they can use in the long term.”
Solstice Propellant is nonflammable per ASTM E681 testing and is non-ozone depleting. It is considered a replacement for HFC-134a, a propellant with a GWP of 1,430.

IPCC has accepted the findings of an independent, peer-reviewed paper, published last year in volume 51 of Reviews of Geophysics by several leading chemists and environmental scientists from Europe and the U.S. That study was the first to calculate the GWPs of fluorocarbon-based molecules using all available atmospheric data, taking into account local atmospheric patterns.

The study found Solstice Propellant to have a GWP of less than 1. CO2 is considered the baseline with a GWP equal to 1.

In addition to Solstice Propellant, Honeywell’s family of Solstice-branded products includes stationary and mobile refrigerants, liquid and gaseous blowing agents, and solvents based on Honeywell’s new hydrofluoro-olefin technology that helps customers lower their carbon footprint without sacrificing end-product performance. The products have been developed and are being commercialized by Honeywell’s Fluorine Products business, a leader in the manufacture and supply of non-ozone-depleting refrigerants used by top air conditioning and refrigeration makers worldwide, blowing agents for energy-efficient foam insulation, and environmentally-preferable solvents.

For more information, please visit www.honeywell-solstice-propellants.com.

Honeywell Performance Materials and Technologies (PMT) is a global leader in developing advanced materials, process technologies and automation solutions. PMT’s Advanced Materials businesses manufacture a wide variety of high-performance products, including environmentally friendlier refrigerants and materials used to manufacture end products such as bullet-resistant armor, nylon, computer chips and pharmaceutical packaging. Process technologies developed by PMT’s UOP business (www.uop.com) form the foundation for most of the world’s refiners, efficiently producing gasoline, diesel, jet fuel, petrochemicals and renewable fuels. PMT’s Process Solutions business (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, and metals, minerals and mining industries.

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.

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