Honeywell Hi-Spec Solutions Experiences Stellar Growth in 1998

Hi-Spec Solutions, Honeywell's business unit that delivers software solutions for business optimization in the process industries, recorded a strong 65% growth in sales for 1998 over 1997, while increasing its operating profit contribution to Honeywell Industrial Control by 30%.

"This growth reflects the value to customers captured by our suite of Business Optimization software and its direct impact on their financial results," says Markos Tambakeras, president of Honeywell Industrial Control (Phoenix).

Business Optimization applications can help companies maximize their profitability through a balanced approach to improving process performance, sustaining asset capability, and enabling improved decision making.

According to Honeywell, Hi-Spec Solutions' Business Optimization approach represents a shift from the traditional focus on just process modeling, control and optimization of individual plant process units, to the much broader and balanced enterprise-wide solutions that ensure consistent, superior bottom-line results.

Hi-Spec Solutions is the advanced applications business unit of Honeywell Industrial Automation and Control, a supplier of industrial automation solutions.