Honeywell Helps Pittsburgh Housing Authority Cut Utility Bills and Carbon Emissions

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Thu Oct 23, 2008 10:06am EDT

Honeywell Helps Pittsburgh Housing Authority Cut Utility Bills and Carbon
Emissions
Right Mix of Technology Maximizes Environmental Benefits, Saves Housing
Authority $3.2 Million in Annual Energy Costs

MINNEAPOLIS, Oct. 23 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) today
announced a $25.1-million energy efficiency and conservation program for the
Housing Authority of the City of Pittsburgh (HACP). The program, which
combines traditional facility retrofits with renewable geothermal technology,
will help the housing authority upgrade its communities, reduce its
environmental footprint and save approximately $3.2 million in utility costs
per year.
    HACP will use those savings -- guaranteed through a 12-year performance
contract with Honeywell -- to finance the improvements. As a result, the
project will not impact the authority's capital budget or require additional
taxpayer dollars.
    The work is expected to have a significant environmental impact as well,
cutting annual carbon emissions by nearly 16 million pounds. According to
figures from the U.S. Environmental Protection Agency, this is the same amount
of carbon dioxide generated each year by the energy use of 640 single-family
homes. The reduction is also equivalent to removing more than 1,300 vehicles
from the road.
    "The ability to manage our housing stock in a way that works to save the
environment, reduce costs and increase efficiency is a radical shift," said A.
Fulton Meachem Jr., executive director of HACP, which serves more than 20,000
Pittsburgh-area residents and is the largest public housing authority in
Pennsylvania. "And we're approaching this project and partnership with
Honeywell as just the beginning of our conservation journey. We will all
benefit from this effort and we are energized by the possibilities to come."
    The focal point of the program is the installation of geothermal HVAC
systems that will take advantage of the earth's natural heating and cooling to
improve comfort and reduce energy consumption at the housing authority's
Northview Heights, Homewood North and Arlington Heights mid-rise apartment
buildings.
    The geothermal systems will heat the facilities in the winter by using the
naturally stored energy in the earth's crust and cool the facilities in the
summer by dispersing the building heat via wells drilled more than 300 feet
into the ground. This will significantly reduce natural gas consumption at all
three facilities, resulting in utility savings of more than $800,000 annually.
    "Like many organizations, HACP wanted to cut energy costs and leverage
renewable resources, but didn't have a clear path to that end," said Paul
Orzeske, president of Honeywell Building Solutions. "So we worked with the
housing authority to pinpoint the right mix of technology to maximize the
program's financial and environmental benefits."
    The geothermal installation will replace existing gas-fired furnaces at
the Homewood North and Northview Heights facilities. At Arlington Heights,
Honeywell will reconfigure a central gas-fired boiler plant to incorporate a
geothermal system that leverages the plant's existing piping.
    HACP will also harness energy from the geothermal systems to pre-heat
domestic water supplies in each apartment unit, cutting the amount of natural
gas needed for hot water. In addition, the systems will enable the housing
authority to provide central air conditioning at all three sites and remove
existing window units.
    Along with the geothermal installation, Honeywell will improve traditional
heating, ventilation and air-conditioning (HVAC) systems; install new boilers;
seal buildings to reduce the loss of hot and cool air; retrofit existing
fluorescent lights with energy-efficient fixtures; upgrade plumbing systems
for improved water conservation; and replace refrigerators in several
facilities with high-efficiency Energy Star(R) models.
    Honeywell plans to involve residents of HACP communities through energy
awareness workshops that will provide education on energy conservation
practices. It will also provide employment opportunities to residents as part
of the project. The company expects to install the geothermal systems and
complete the other upgrades by fall of 2009.
    As an energy services leader, Honeywell has implemented similar programs
for more than 35 housing authorities nationwide, including recent projects in
Allegheny and Washington County, Pa., Denver, and Wilmington, Del. The
company's housing authority programs are expected to deliver a combined $22
million in energy savings next year.
    Honeywell International is a $38 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 http://www.honeywell.com.
Honeywell Building Solutions is part of the Honeywell Automation and Control
Solutions business 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 Building Solutions, access
http://www.honeywell.com/buildingsolutions.
    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.
SOURCE  Honeywell

Aaron Parker of Honeywell, +1-763-954-4257, aaron.parker@honeywell.com
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