MOSCOW, Russia, December 3, 2012. – Honeywell (NYSE:HON) today announced it has signed an agreement with Alliance Oil Company, a leading independent oil operator in Russia and Kazakhstan, to supply Honeywell Experion® Process Knowledge System (PKS) at Alliance Oil Company’s Khabarovsk Refinery in far east Russia. The agreement will also include upgrading the plant’s security with the latest Honeywell security solutions, Radar Video Surveillance (RVS) perimeter security and OptaSense pipelines security.
The five-year agreement to use Experion PKS will allow the refinery to integrate data from all critical process subsystems to improve decision-making, reduce on-going maintenance costs by enabling operators to more easily monitor and manage all aspects of the production process and improve the productivity and profitability of the production process.
Security at the refinery will be substantially increased by the installation of RVS perimeter security, a Waterside Security System that integrates radar, Automatic Identification System (AIS), video and thermal sensor data to provide the highest value wide area surveillance system available. The refinery will also benefit from OptaSense pipeline security to provide early warning of any threats to the refinery’s pipeline.
“By installing a complete range of Honeywell technology we hope to vastly improve our competitive advantage by optimizing our process efficiencies.” said Eugene Vorobeichik, general director Alliance Oil Company. “We chose Honeywell technology as it’s designed to provide a complete solution for not only improving our control systems, but also ensuring the security of staff and our facilities.”
As part of the agreement, Honeywell experts will also be on-hand to provide specialist training and support to operators at the Khabarovsk Refinery throughout the five-year period.
“All Honeywell technology is designed to help our clients meet their core business objectives through streamlining and enhancing their processes.” said Leonid Sorkin, general director Honeywell Russia. “We’re excited to be working with the Alliance Oil Company, and extent of our collaboration underlines Honeywell’s commitment to providing the most innovative and useful technologies for our customers.”
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Honeywell International (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; 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. For more news and information on Honeywell, please visit www.honeywellnow.com. 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. For more information about Process Solutions, access www.honeywellprocess.com.
This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. 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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