Honeywell Launches MyFacilities.com — An Internet Community For Facility Management Professionals, Service Providers And Material Suppliers

Business Wire, June 26, 2000

Businesss Editors

MORRISTOWN, NJ--(BUSINESS WIRE)--June 26, 2000

E-Hub To Serve As A Single Resource In Helping Users Enhance

Productivity, Streamline Processes And Reduce Operating Costs

Honeywell (NYSE: HON) today launched MyFacilities.com, a comprehensive, open electronic community offering services, tools and resources to help facility management professionals enhance productivity and drive down operating costs.

MyFacilities.com will initially offer resources and in-demand information to help facility managers keep abreast of the latest facility-management techniques, technologies and trends. These include access to codes and standards, case studies and white papers, links to industry organizations and publications, and others.

By the fourth quarter, the site will feature electronic commerce capabilities linking facility managers and suppliers. It also will offer industry-leading, web-enabled software applications. One of the first available tools will be Sense and Respond(TM), a powerful born-for-the-Web application that puts a facility manager's operations data online in near real-time.

With these features, MyFacilities.com is designed to deliver the full benefits of the Internet to facility managers, solutions providers, service contractors, distributors and material suppliers. Facility managers currently participate in about $1.2 trillion in transactions with suppliers annually worldwide.

"MyFacilities.com joins MyPlant.com and MyAircraft.com (joint venture with United Technologies and i2 Technologies) as a third e-hub in which Honeywell is a major player or sponsor. All three are dedicated to improving the productivity of technical professional managers in core markets that Honeywell serves," said Michael R. Bonsignore, Honeywell Chairman and CEO. "MyFacilities.com creates important new ways for solutions providers and service contractors to help facility managers significantly improve the efficiency of their enterprise, by improving the management and operating performance of their buildings and facilities."

Unlike other facility management sites, or those dedicated to one particular proposition such as energy audits, MyFacilities.com will grow to provide an unparalleled breadth of facility management resources not available from any other resource. To add additional value to MyFacilities.com users, Honeywell is actively seeking other leading companies to share sponsorship, and to provide additional offerings to the facility professional through the site.

"MyFacilities.com is committed to becoming the online resource for facility managers, their service providers and their material suppliers," said Jeffrey Bakken, President of MyFacilities.com. "By giving users the leading-edge resources they need to save time, enhance their effectiveness and cut expenses, MyFacilities.com will help reshape the industry. MyFacilities.com is responding to the transformation of how facility managers want to perform their jobs."

Facility managers can immediately put MyFacilities.com to work by visiting the site at www.myfacilities.com. Visitors are encouraged to register at the site, so they receive automatic notification as new features and capabilities are added. For more information about company participation in the site, call Patti Bowes at (612) 951-3995 or send an e-mail to info@myfacilities.com.

Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials. The company is a leading provider of software and solutions, and Internet e-hubs including MyPlant.com, MyFacilities.com and MyAircraft.com (joint venture with United Technologies and i2 Technologies). Honeywell employs approximately 120,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available on the Internet at www.honeywell.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts.