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Honeywell Recognized for Superior Market Share-boosting Solutions and Customer Service - Frost & Sullivan recently named Honeywell Process Solutions as the recipient of the 2007 Frost & Sullivan Award for Market Leadership for its automation and software solutions in the oil and gas industry
Honeywell Recognized for Superior Market Share-boosting Solutions and Customer Service

 

PRZOOM - /newswire/ - Palo Alto, CA, United States, 2007/04/26 - Frost & Sullivan recently named Honeywell Process Solutions as the recipient of the 2007 Frost & Sullivan Award for Market Leadership for its automation and software solutions in the oil and gas industry.

   
 
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The oil and gas production automation market has changed significantly in the past several years, with producers competing to bring assets into production earlier and squeeze more out of existing fields. Honeywell has led the market in delivering automation solutions to meet these needs. Through product quality, innovation and global services delivery capability, Honeywell is helping their customers meet these challenges. Honeywell’s expanded solutions footprint in safety, security and operational excellence are clear evidence that Honeywell is able to react quickly to changing market needs and deliver solutions that drive business results.

Honeywell has gained the lead over its competitors with its global manufacturing capabilities, better business initiatives and close customer relationships. It has provided solutions to help customers improve asset performance through better and faster decision making.

The company’s wide product portfolio and integration capabilities have given it unparalleled capacity to mix and match its offerings and provide exceptional products as both complete solutions as well as high quality product offerings. Honeywell is helping oil and gas producers around the world to bring mega-projects on-line faster and is delivering solutions to existing field operators that allow them to increase existing production levels using advanced applications including advanced control, simulation and operations excellence. Its superior ability to translate customer requirements into an integrated solution that solves all oil and gas industry business problems has held it in good stead.

Honeywell has capitalized on growth opportunities in emerging markets and offers unmatched performance on a global scale. Its excellent local services and support teams have backed up the outstanding quality of its products. The company has also consistently helped customers address specific issues pertaining to enhanced security requirements and legacy systems interface, while maximizing process efficiency.

Honeywell’s Experion® R300 has helped customers achieve significant savings through reduction in the required number of cabinet installations due to its small footprint. Another important offering is the easy-to-use backup and restore facilities for Windows®-based control systems, which have also been acknowledged as a well-defined and purpose-based backup system that reduces unplanned downtime and protects the system processes against failures.

"Customers can now provide backup for the entire system including Experion or TPS system, operating systems, applications, service packs and configurations in a single PC while the controller is online," says Frost & Sullivan team leader Shibu S.L. "The backup and restore function provides speedy recovery from disastrous failures in less than an hour and has enabled customers to increase uptime without having to deal with re-installation and configuration issues."

A key advantage of R300 is its backward integration and compatibility with existing legacy controllers. Honeywell’s emphasis on safety and security of the processes has resulted in the embedding of control firewalls into the R300 controller. These security features have eliminated the issues of message flooding and service denials. The patented fault tolerant Ethernet (FTE) network topology ensures process uptime in case of a network component failure by routing the communication through alternate channels.

Honeywell also offers advanced solutions to enhance production and operational efficiencies. The company has an integrated suite of Manufacturing Execution System (MES) solutions specifically designed to help oil and gas producers optimize their entire supply chain. This integrated suite of MES applications addresses the needs of liquefied natural gas, gas to liquid, conventional and heavy oil production and processing facilities. Honeywell is a clear leader in providing these types of solutions to the oil and gas business.

These features have made Honeywell the preferred automation solutions provider in the oil and gas industries.

"Honeywell has also taken a giant leap over its competitors with its initiatives in the wireless domain by improving its wireless networking product line," notes Shibu. "This was done to extend its market leadership as the wireless revolution penetrates process manufacturing."

Each year Frost & Sullivan presents this Award to the company that has demonstrated market share leadership through the implementation of market engineering strategy. The recipient has displayed excellence in all areas of the market leadership process, including the identification of industry challenges, market drivers, and market restraints, as well as strategy development and methods of addressing market dynamics.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Honeywell

Honeywell International (honeywell.com) is a $33 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 and Chicago 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. Honeywell Process Solutions is part of Honeywell’s Automation and Control Solutions 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.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Honeywell Recognized for Superior Market Share-boosting Solutions and Customer Service

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