Honeywell And Analog Devices Team Up To Drive Transformative Innovation, Beginning With Building Automation
Digital connectivity technologies in building management systems will
help reduce cost, waste, and downtime
Mumbai, India,
January 17th , 2024: Honeywell (Nasdaq: HON) and Analog Devices, Inc. (Nasdaq: ADI) announced today at CES 2024 that they have entered into a
Memorandum of Understanding to explore the digitization of commercial buildings
by upgrading to digital connectivity technologies without replacing existing
wiring, which will help reduce cost, waste, and downtime. The strategic
alliance would bring this new technology to building management systems for the
first time.
Many of the commercial buildings in the United States are outdated and
inefficient and, according to the U.S. Energy Information Administration (EIA), the majority of them were built before the year 2000.
Additionally, organizations are relying on networking technology to transmit
ever-greater volumes of data, causing a surge in demand for cloud storage and
processing speed. Digitizing building management systems will allow managers to
reduce energy consumption through real-time decisions, while it will upgrade a
building's network performance and security to current Internet-protocol
networks without extensive costs and remodeling.
"For more than a decade, ADI and Honeywell have
collaborated on driving the next waves of innovation," said Martin
Cotter, senior vice president, Industrial and Multi Markets
and president of ADI EMEA region. "In this next phase of our work
together, we are thrilled to see these ADI technologies move beyond factory
automation and into Honeywell's building management system to help customers
reduce building energy consumption, which can save money, improve resiliency,
and help meet emissions reductions goals."
"Honeywell is revolutionizing building management
systems to help building owners tackle today's biggest
challenges," said Suresh Venkatarayalu, Honeywell's chief technology
officer. "This collaboration with ADI would offer building owners the
ability to upgrade and enhance their wiring without a significant upfront
investment, and with less labor and environmental impact."
Honeywell plans to adopt ADI's single-pair Ethernet (T1L) and
software configurable input/output (SWIO) solutions in its building management
systems. ADI's single-pair Ethernet enables long-reach Ethernet connectivity
with the possibility of reusing a building's existing wiring, reducing
installation time and cost, and reducing waste. Single-pair Ethernet
complements existing Ethernet connectivity in building management systems,
bringing enhanced connectivity from the edge to the cloud, helping eliminate data
islands and better utilizing assets.
ADI's offering would also reduce product complexities by
enabling Honeywell to build a single version of the product for different
needs, allowing more future-proofed control and automation for when a building
is remodeled, or requirements change. This helps increase the speed of product
installation, reduces inventory needs, and enables easier and more affordable
changes.
About Honeywell
Honeywell is an integrated operating company serving a broad
range of industries and geographies around the world. Our business is
aligned with three powerful megatrends – automation, the future of
aviation and energy transition – underpinned by our Honeywell
Accelerator operating system and Honeywell Connected Enterprise integrated
software platform. As a trusted partner, we help organizations solve the
world's toughest, most complex challenges, providing actionable solutions and
innovations through our Aerospace Technologies, Industrial Automation, Building
Automation and Energy and Sustainability Solutions business segments that help
make the world smarter, safer and more sustainable. For more news and
information on Honeywell, please visit www.honeywell.com/newsroom.
About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and
digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines
analog, digital, and software technologies into solutions that help drive
advancements in digitized factories, mobility, and digital healthcare, combat
climate change, and reliably connect humans and the world. With revenue of more
than $12 billion in FY23 and
approximately 26,000 people globally working alongside 125,000 global
customers, ADI ensures today's innovators stay Ahead of What's Possible. Learn
more at www.analog.com and
on LinkedIn and Twitter (X).