Honeywell Developing Low-Global-Warming-Potential Liquid Blowing Agent for Foam Insulation

MAASTRICHT, Netherlands - New blowing agent helps improve environmental performance of foam

Honeywell (NYSE: HON) announced today it is developing a new
low-global-warming-potential blowing agent for energy-efficient polyurethane
foam insulation.

The announcement was made at the UTECH Europe conference and expo held in
Maastricht, The Netherlands, where polyurethane industry leaders gather every
three years to discuss issues and opportunities facing the industry.

“This product is another example of how our expanding low-global-warming
product portfolio is both meeting our customers’ needs and providing superior
environmental performance,” said Rene Mueller, managing director for Europe,
the Middle East and Africa for Honeywell Fluorine Products. “Honeywell is
committed to building on its strong history of innovation to meet new
challenges.”

The new blowing agent being developed is a non-flammable liquid that will
assist customers in reducing the overall environmental impact of foam.
Honeywell expects the blowing agent will offer performance benefits
comparable to those of other fluorocarbons, but with a low global-
warming-potential that is less than 15. In addition, the blowing agent will
have an atmospheric lifetime of just a few days. These properties are
expected to result in lower greenhouse gas emissions impact on the
environment while also providing the foam’s high insulation performance,
dimensional stability and compressive strength.

The non-flammable liquid blowing agent will provide customers with an
alternative to hydrocarbons and traditional hydrofluorocarbons (HFCs).

Honeywell expects the product will be available in limited sample
quantities for customers later this year.

Polyurethane foam is primarily used as a cost-effective and highly
energy-efficient insulation for appliances and homes, as well as for
commercial roofing systems. Blowing agents allow foam to expand and provide
many of the foam’s key performance characteristics, including its high
R-value, which is the measure of insulating capability. Fluorinated blowing
agents provide the highest degree of thermal insulation for polyurethane
foams.

Honeywell is a recognized innovator in high-performance blowing agent
technology for closed-cell foam insulation and advanced energy-efficiency
refrigerants for heating, ventilation and air conditioning, as well as other
heat transfer fluid applications. Honeywell has consistently helped
manufacturers replace ozone-depleting and global warming substances,
improving the energy efficiency of stationary air conditioning systems.
Honeywell has ongoing research and development efforts to develop
environmentally superior solutions for customers around the world.

In 2006, Honeywell introduced its low-GWP portfolio, which is based on
hydrofluoroolefin (HFO) technology. Last year, Honeywell commercialized
HFO-1234ze, a low-GWP gaseous blowing agent for one-component foam in Europe.
Honeywell has also announced a low-GWP refrigerant for mobile
air-conditioning.

For more information about Honeywell’s low-GWP blowing agent, please
visit www51.honeywell.com/sm/lgwp-uk.

Honeywell Specialty Materials, based in Morristown, N.J., is a US$5.3
billion global leader in providing customers with high-performance specialty
materials, including fluorine products; specialty films and additives;
advanced fibers and composites; intermediates; specialty chemicals;
electronic materials and chemicals; and technologies and materials for
petroleum refining.

Honeywell International is a US$37 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. For additional information, please visit www.honeywell.com.

This report 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.

Source: Honeywell

U.S., Nina Krauss, +1-973-455-4253, nina.krauss at honeywell.com, or Europe, Sabine Chmielewski, +49(0)5137-999-9411, sabine.chmielewski at honeywell.com, both of Honeywell