October 11, 2016

Honeywell Launches New Low-Global-Warming Refrigerant For Plug-In And Condensing Unit Applications

Contact: Europe Sabine Knaak +49 174-217-7336 sabine.knaak@honeywell.com Solstice® L40X, provides superior energy efficiency compared to currently used refrigerant that is being phased out by regulations BRUSSELS, Belgium, Oct. 11, 2016 — Honeywell (NYSE: HON) announced today the availability of Solstice® L40X, a refrigerant suitable for medium- and low-temperature standalone applications such as hermetically sealed systems in refrigerated plug-in type-cabinets. Solstice L40X provides up to 3 percent higher capacity and up to 6 percent better efficiency at low temperature than the current, widely used refrigerant R-404A. By 2022, the European Union’s F-gas regulations will ban the use of refrigerants with global-warming-potential (GWP) greater than 150 in airtight container applications such as plug-in and refrigeration condensing units. Solstice L40X has a GWP of 146, which is more than 96 percent lower than R-404A. Solstice L40X also has a lower risk of flammability compared to other refrigerant options such as propane, whose usage in such applications is limited to small amounts and can incur extra costs. “The EU’s F-gas regulations set strict quotas on the total GWP of product that can be placed on the market,” said Julien Soulet, managing director for Honeywell Fluorine Products in Europe, Middle East, Africa and India. “Solstice L40X is available now and meets the demands of these regulations, while providing similar or even better performance compared to solutions that are being phased out. As companies evaluate the range of options that are available for medium- and low-temperature standalone applications, we expect that Solstice L40X will be an ideal solution that helps them meet environmental targets to reduce greenhouse gas emissions.” Solstice L40X (R-455A) is rated A2L by ASHRAE. Leading hermetic compressor manufacturers have validated the performance of Solstice L40X in tests over the last 18 months and have found similar capacity and discharge temperature, but with improved efficiency, when compared to R404A. Solstice L40X can be used across many segments of the HVACR industry, including small charge, plug-in type cabinets, condensing units and monoblocks for cold rooms and freezer rooms, small chillers, heat pumps, and chillers. Honeywell is a world leader in the development, manufacture and supply of refrigerants that are sold worldwide under the Solstice® and Genetron® brand names for a range of applications, including refrigeration, and building and automobile air conditioning. Honeywell and its suppliers are in the middle of a $900 million investment program in R&D and new capacity to produce next-generation materials with GWPs equal to or better than carbon dioxide, and at least 99 percent lower than most technologies used today. Honeywell has a diversified global supply network that includes commercial partnerships with manufacturers in India, China and Japan. Honeywell’s family of Solstice-branded products includes refrigerants for stationary, commercial refrigeration and mobile refrigerants, liquid and gaseous blowing agents, solvents and propellants—all based on Honeywell’s hydrofluoro-olefin (HFO) technology that helps customers lower their carbon footprint without sacrificing end-product performance. Worldwide adoption of Solstice products has resulted in the reduction of more than 31 million metric tons of greenhouse gases to date, equal to eliminating emissions from more than 6 million cars. For more information on Solstice L40X, visit www.honeywell-refrigerants.com/europe. Honeywell (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; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom. This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. 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.
###