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Honeywell and Haier Sign Memorandum of Understanding for Global Strategic Cooperation

MORRISTOWN, N.J. QINGDAO, China Jan. 21, 2011

Hu Jintao State

Under terms of the MOU, Honeywell and Haier will work collaboratively on new technology that will make household appliances, intelligent home systems, residential heating, building automation, and mass transit more efficient and cleaner.


"This memorandum of understanding sets a solid foundation for collaboration between Honeywell and Haier and is a demonstration of Honeywell’s confidence and commitment to applying our technology and experience in cooperation with Chinese enterprises," said Tedjarati.

Shariff Kan


China China

Additionally, Honeywell Technology Solutions China will cooperate with Haier’s research and development organization on Haier’s intelligent home program. Morris Township, N.J. New York London


This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

SOURCE Honeywell

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