Honeywell International, Inc. - HON STOCK NEWS

Honeywell (Nasdaq: HON) announced an expansion of its strategic alliance with Nexceris to enhance electric vehicle safety. The collaboration aims to develop sensor-based solutions to prevent thermal runaway in lithium-ion batteries, a major safety risk that can lead to fires. As global EV sales reached nearly 7 million in 2021, automakers are increasingly focused on battery safety. By integrating advanced gas detection technology, the partnership seeks to improve early intervention capabilities, potentially minimizing safety risks and property damage.

Chemours (NYSE: CC) and Honeywell (NASDAQ: HON) have launched a pilot program for recycling R-448A and R-449A refrigerants in the EU and UK. This initiative aims to support environmental goals by enabling the reclamation of patented HFO refrigerants. Qualified companies can participate under stringent criteria to ensure safety and quality. Chemours emphasizes the program's role in promoting sustainable practices, while Honeywell highlights its commitment to providing eco-friendly solutions. Both companies are positioned to lead in the circular economy of refrigerants.

Honeywell (NASDAQ: HON) is playing a crucial role in NASA's Artemis missions, including the Artemis I launch, providing essential navigation and guidance technology. The company supplies the full navigation system for the launch vehicle, ensuring safe travel and return. Honeywell's technology will support multiple Artemis missions with 14 product types, including guidance systems, data handling products, and core flight software. CEO Mike Madsen expressed pride in the company's legacy with NASA, emphasizing its ongoing impact on human space exploration.

Honeywell has launched the Honeywell Forge Performance+ for Industrials Asset Performance solution, aimed at enhancing operational productivity and reducing costs through advanced asset monitoring and predictive analytics. This announcement was made during the Honeywell Connect 2022 event on November 3, 2022, where the company also unveiled enhancements across various software solutions to support digital transformation. The new offerings are designed to ensure greater visibility and efficiency for customers across industrial and smart building sectors.

Honeywell has unveiled its new Advanced Monitoring and Incident Response (AMIR) dashboard, enhancing 24/7 security monitoring and incident response for industrial control systems. This service strengthens organizations' cybersecurity capabilities through intelligent threat detection and incident management. Additionally, the Cyber App Control solution, designed for both Honeywell and non-Honeywell assets, helps prevent malware attacks by allowing only trusted applications to run. These offerings align with cybersecurity frameworks like NIST, aiming to mitigate the increasing threats in operational technology.

Honeywell has launched Honeywell Smart Pay, a new contactless payment software solution that transforms mobile computers into secure payment terminals. This service allows businesses to accept payments on-the-spot, enhancing customer experience in retail, parcel delivery, and public transit. Smart Pay eliminates the need for traditional mPOS hardware, significantly reducing costs while maintaining security. Supported by major credit cards covering 85% of global transaction volume, the platform was developed in collaboration with Amadis, ensuring high-level security compliance for payments.

Honeywell (NASDAQ: HON) is set to participate in key investor events in November 2022. CEO Doug Wright will present at the Baird Global Industrial Conference on November 8 in Chicago. A leadership webcast featuring Darius Adamczyk and other executives will occur on November 18. Additionally, CFO Greg Lewis will present at the Credit Suisse 10th Annual Global Industrials Conference on November 30 in Palm Beach, Florida. Audio webcasts will be accessible on Honeywell's Investor Relations website.

Honeywell and Aramco have established a joint venture (JV) to provide business process automation solutions under the Aramco Namaat Industrial Investments Program. This JV aims to enhance productivity, sustainability, and operational excellence for industrial sectors. Utilizing Aramco's Plant.Digital platform and Honeywell's technology, the JV is expected to create over 300 jobs in Saudi Arabia within five years. The collaboration supports Saudi Vision 2030, focusing on economic growth through digital transformation in the industry.