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Visit us at ISC West In Las Vegas | April 5-7, 2017 Booth #23089 Visit us at ISC West In Las Vegas | April 5-7, 2016 Booth #23089 SECURITY SYSTEMS NEWS NOVEMBER 2017 www.securitysystemsnews.com suppliers 33 Honeywell spins off resi security business We make your company more valuable. 877.725.1114 • DMP.com Keep updated on our new products and features: @dmpalarms Up Your Installation Game A smart-breakthrough-technology app for technicians uses Automated Panel Programming to cut install times and save you money. With complete panel programming, instant access to documentation, troubleshooting information, zone statuses, Wi-Fi signal strength, cellular-device activation and more, techies will have a dynamic resource on hand for painless installs. Learn more at www.DMP.com/TechAPP. "The spun businesses will be better positioned to maximize shareowner value through focused strategic decision making and capital allocation tailored for their end markets," Adamczyk said. "At Honeywell, we will continue our track record of execution, deliver- ing growth, margin expansion, and aggressive capital allocation for our shareowners." The new Homes and Global Distribution business is expected to have annual revenue of approxi- mately $4.5 billion, a high-yield credit rating, approximately 13,000 employees, and financial responsi- bility for certain Honeywell legacy liabilities, according to the press release. Effective immediately, Gary Michel will serve as president and CEO of Honeywell's Home and Building Technologies (HBT) stra- tegic business group. Michel will report to Adamczyk and serve as a company officer. Michel succeeds Terrence Hahn, who will move to a leadership role reporting to Adamczyk, helping prepare for the business spin. Michel joins Honeywell from Ingersoll-Rand Company, where he has held a series of large leader- ship roles over the past 32 years. Most recently, he served as senior vice president and president, Residential HVAC and Supply, which he transformed to deliver substantial improvements in rev- enue and market share, operating income, commercialization pro- cesses, and technology platforms. "Gary has proven himself to be an innovative and energetic leader with a deep understanding of his customers and end markets and the ability to translate this knowledge into technology-differentiated offerings that bring value to cus- Solutions unit within Honeywell P e rf o r m a n c e M a t e r i a l s a n d Technologies. In the announcement the com- pany noted that the planned separa- tions will not require a shareowner vote. "Each spin-off will be subject to finalization of the contours of the spun-off business, assurance that the separation will be tax-free to Honeywell shareowners for U.S. federal income tax purposes, finalization of the capital structure of the three corporations, the effec- tiveness of appropriate filings with the U.S. Securities and Exchange Commission, final approval of the Honeywell Board of Directors, and other customary matters," the press release read. SSN tomers," Adamczyk said. "Gary is a welcome addition to our team and will help Honeywell continue to be a leader in connected technologies, building on our great positions in growing industries." In addition, Honeywell's Smart Energy business unit, previously part of HBT, will immediately be integrated into the Process dahua rent and recent products, many benefits of these initiatives are available in the form of firm- ware and/or software updates, which will be distributed using software update processes to ensure the enhancements are implemented smoothly. The updated cybersecurity features were designed and validated in partnership with independent experts including DBAPP Security and Synopsys Technology to ensure the high- est security and quality. " C y b e rc r i m i n a l s h a v e evolved into a major source of disruption for individuals, businesses and governments worldwide," explained Fenner. "By investing in the devel- opment of improved cyber- security initiatives and new systems, products with higher resistance to cyber-attacks, Dahua's efforts will help to better protect their customers against cyber attacks and help further harden protection for the entire global networked community." SSN Continued from page 32 Continued from page 1