We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Honeywell International Inc | NASDAQ:HON | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.37 | 0.71% | 195.011 | 195.01 | 196.98 | 196.24 | 193.54 | 194.77 | 2,251,383 | 01:00:00 |
RALEIGH, N.C., Feb. 9, 2016 /PRNewswire/ -- Honeywell (NYSE:HON) announced today that it has been selected by Memphis Light, Gas and Water (MLGW) for a five-year project worth more than $200 million to fully deploy Honeywell's Elster EnergyAxis® AMI advanced metering technology throughout MLGW's service territory. MLGW is the largest three-service public utility in the United States, with more than 1 million utility meters.
Under the project, which expands on an earlier, smaller smart meter installation project for the utility by Elster, Honeywell will install a fully integrated smart energy solution that includes about 1 million electric, gas and water smart meters. The project includes communications modules to facilitate automated meter reading and software solutions to analyze and manage the data. The rollout is expected to be completed by the end of 2020. Elster was acquired by Honeywell in December 2015.
The solution will provide operational and cost efficiencies for MLGW through integrated metering of electric, water and gas in its service territory and the automated collection of meter data. Customers will benefit by having access to more data about their energy consumption and resources to help them better manage their usage.
"Memphis and Shelby County joins communities across Tennessee and the nation who are using smart meters and benefiting from efficient utility service delivery, enhanced payment options and increased customer savings. This is an exciting time in MLGW's 77-year history and we are delighted to work with such a respected company as Honeywell in this endeavor," said Jerry Collins Jr., president and CEO of MLGW.
MLGW began its transition to smart grid technology in 2013 with a first phase deployment of the EnergyAxis AMI solution, consisting of approximately 60,000 electric, water and gas smart meters, communications and software.
"We are committed to working closely with MLGW to continue to strengthen the reliability and security of its utility services," said Jeff Tolnar, vice president and general manager of Honeywell's Elster Smart Energy Electricity Americas (formerly Elster Solutions). "As part of Honeywell, we now have access to its extensive technology portfolio, and will contribute to the company's growth in home and building connectivity around the world."
Honeywell provides complete Smart Grid and Energy Management Solutions that drive energy efficiency, operational improvements and cost savings for utilities, commercial and industrial customers and consumers. It has more than 120 active EnergyAxis deployments worldwide, including 77 in the United States, 16 of which are in the Tennessee Valley.
About Honeywell
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.honeywellnow.com.
Contacts:
Mark Hamel |
Tracy Sciacca |
Honeywell |
Weber Shandwick |
(952) 334-4337 (mobile) |
(651) 983-4346 |
Mark.hamel@honeywell.com |
tsciacca@webershandwick.com |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honeywell-selected-by-memphis-light-gas-and-water-to-deploy-cutting-edge-smart-grid-technology-300217156.html
SOURCE Honeywell
Copyright 2016 PR Newswire
1 Year Honeywell Chart |
1 Month Honeywell Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions