Business
Honeywell Makes Significant Investment in Trinity Mobility, with Path to Full Ownership, Accelerating Smart Cities Leadership
- Investment focuses on management of a connected infrastructure, which can help make cities safer, more sustainable and more livable for citizens ATLANTA,
About this update from Honeywell International Inc.
[{"type":"text","content":"- Investment focuses on management of a connected infrastructure, which can help make cities safer, more sustainable and more livable for citizens\n\n\nATLANTA, Nov. 16, 2020 /PRNewswire/ -- Honeywell (NYSE: HON), a global leader in connected buildings, announced today a strategic investment in Trinity Mobility Private Limited, an India-based software company and provider of the leading internet of things (IoT) Smart Cities platform and software applications. This strategic investment will allow Honeywell to expand its smart cities capabilities by providing access to Trinity's Smart City solutions, which integrate information from various systems across a city in a common interface and allow operators to better assess, operate and manage the city's connected infrastructure. Together, Honeywell's and Trinity's smart cities solutions help make cities safer and more livable for citizens while helping customers manage and reduce their emissions.\n\n \n \n \n \n \n \n\n \nThis strategic investment, which is structured to provide Honeywell with a path to full ownership of Trinity, will allow Honeywell to more fully partner with cities that are expanding their smart city deployments or integrating new systems. Trinity's capabilities complement Honeywell's technologies for smart cities and global expertise in delivering integrated solutions for mission critical systems. \nThe Smart Cities IoT solution, called the Honeywell City Suite, can seamlessly aggregate information from traffic, environment, parking, emergency services, safety and security, and utilities – among other areas – in a single, unified view. In addition to enhancing the efficiency of cities, these solutions can also be applied to retirement communities, large planned residential communities, university campuses and large industrial communities that want to provide a more connected living experience. \n\"Many of the world's cities are facing significant operational and sustainability challenges stemming from urbanization, including unexpected crises, infrastructure issues, environmental and safety concerns, and the expanding needs of citizens,\" said Vimal Kapur, president and chief executive officer, Honeywell Building Technologies. \"The combined capabilities of Honeywell and Trinity can allow cities of all sizes to improve services and provide a better experience for ...