Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NASDAQ: HON) has appointed Lucian Boldea as President and CEO of its Performance Materials and Technologies (PMT) segment, effective October 3, 2022. He succeeds Vimal Kapur, who became President and COO in July 2022. Boldea previously served as Executive Vice President at Eastman Chemical, holding various leadership roles since 1997. Honeywell's PMT, employing 20,000 staff across over 100 countries, focuses on process technologies and sustainability innovations. Boldea holds a chemistry degree, a doctorate in organic chemistry, and an MBA in finance.

Honeywell (Nasdaq: HON) has launched the VESDA Air, an innovative solution combining aspirating smoke detection and advanced indoor air quality (IAQ) monitoring. This system aims to enhance building safety by detecting potential issues, including smoke and air quality contaminants, before they escalate. The VESDA Air features a unique five-in-one IAQ sensor, measuring total VOCs and particulate matter. It offers a scalable solution for both new and existing buildings, reducing total installation and maintenance costs. This launch aligns with Honeywell's commitment to healthier environments and improved occupant well-being.

Honeywell has launched its Data Center Suite, a new portfolio of software solutions aimed at enhancing operational efficiency, uptime, and sustainability in data centers. Announced on September 13, 2022, the suite leverages a unified data lake to provide actionable insights for facility managers. It includes tools like Data Center Manager, Portfolio View, and Honeywell Forge Digitized Maintenance, which aim to improve visibility in sustainability KPIs and reduce costs. The rising demand for data centers underscores the relevance of this launch in today's economy.

Honeywell (NASDAQ: HON) has appointed Robin Watson, former CEO of John Wood Group, as an independent director on its board. Watson has a robust background in transforming companies toward sustainability, having led Wood's evolution from an oil field services company to an integrated engineering firm. His expertise focuses on sustainable technologies and emissions-reducing solutions, making him a strategic addition to Honeywell's leadership as it seeks to enhance its own sustainability efforts. Watson holds degrees in engineering and an MBA, along with notable industry accolades.

Honeywell (Nasdaq: HON) has partnered with global hair care brand FEKKAI to integrate its Solstice® Propellant in three new products: Volume Lock Hair Spray, Flexible Hold Hair Spray, and Sheer Dry Shampoo. This HFO solution significantly minimizes greenhouse gas emissions by 99% compared to traditional propellants. The collaboration underpins FEKKAI's commitment to sustainable beauty, while Honeywell continues its investment in eco-friendly technologies, contributing to its goal of carbon neutrality by 2035.

Honeywell (NASDAQ: HON) has announced its participation in several upcoming investor conferences scheduled for September 2022. Key executives including Darius Adamczyk, CEO, and Vimal Kapur, COO, will present at the Vertical Research Partners Global Industrials Conference in Westbrook, Connecticut, on September 9, 2022. George Koutsaftes, CEO of Honeywell Safety and Productivity Solutions, will participate in conferences in Las Vegas and Dana Point, California, on September 13 and 14, respectively. Webcasts of the presentations will be available on Honeywell's investor relations website.

Honeywell announced the availability of its new Solstice yf UV, a low-global-warming-potential refrigerant with ultraviolet dye for leak detection, at NAPA Auto Parts stores nationwide. This solution aims to enhance customer satisfaction by reducing service times and costs. By 2022, R-1234yf refrigerant will be in nearly 200 million cars globally, expanding service opportunities for automotive shops. Honeywell has invested a billion dollars in developing lower-GWP solutions, demonstrating its commitment to sustainability, with significant reductions in potential greenhouse gas emissions.

FREYR Battery (NYSE: FREY) has launched its first U.S. technology center in Boston as part of its expansion efforts. This initiative aligns with its joint venture with Koch Strategic Platforms to develop Giga America, a Gigafactory in the U.S. The company aims to establish a robust presence in the American market, enhancing collaboration with partners like 24M Technologies. With conditional agreements in place with Honeywell and Powin Energy, FREYR plans to accelerate its U.S. growth and aims to produce 50 GWh of battery capacity by 2025.

The 2022 Honeywell Industrial Cybersecurity USB Threat Report highlights a significant increase in cybersecurity threats targeting industrial systems, with 52% of threats utilizing removable media, up from 32% in 2021. The report, marking its fourth year, indicates that 81% of malware can disrupt industrial control systems and that Trojans account for 76% of detected malware. As hackers exploit USB devices to breach systems, Honeywell emphasizes the need for robust security measures, including its Secure Media Exchange (SMX) technology for enhanced threat detection and compliance.