- Digital connectivity technologies in building management
systems will help reduce cost, waste, and downtime
ATLANTA and WILMINGTON, Mass., Jan. 9, 2024
/PRNewswire/
-- 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Many of the commercial buildings in the United States are outdated and inefficient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).
All trademarks and registered trademarks are the property of
their respective owners.
(ADI-WEB)
Honeywell:
Dawn
Wotapka
Director, External Communications
(631) 943-3782
dawn.wotapka@Honeywell.com
Analog Devices:
Ferda Millan
Global PR and External Communications
Analog Devices
Ferda.Millan@analog.com
Michael Lucarelli
Vice President, Investor Relations and FP&A
Analog Devices
Investor.Relations@analog.com
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SOURCE Honeywell