Business
Honeywell To Acquire Majority Stake In Fiplex, Expanding Its Public Safety Wireless Communications Portfolio For Buildings
Fiplex is an in-building communications leader and brings to Honeywell advanced solutions that improve safety for building occupants and first responders
About this update from Honeywell International Inc.
[{"type":"text","content":"Fiplex is an in-building communications leader and brings to Honeywell advanced solutions that improve safety for building occupants and first responders\n\n\n ATLANTA, March 10, 2021 /PRNewswire/ -- Honeywell (NYSE: HON) has signed an agreement to acquire a majority stake in Fiplex Communications, Inc., a Miami-based company that develops in-building communications systems, including bi-directional amplifiers (BDAs) that provide continuous and critical in-building radio coverage in challenging environments to improve the safety of first responders and building occupants.\nHoneywell has signed an agreement to acquire a majority stake in Fiplex Communications, Inc.The acquisition will expand the in-building connectivity and communications solutions that Honeywell provides to its customers. Fiplex's solutions will become a platform of innovation for Honeywell wireless technologies. \nThe building communications industry is a fast-growing segment, largely driven by the adoption of enhanced fire codes. Its growth is expected to accelerate with the adoption of advanced technologies that will continue to change how building data is exchanged with various stakeholders.\n\"We are looking to reshape how communications and connectivity within buildings work. The addition of Fiplex's products and software allows us to move toward creating the next generation of fire and life safety solutions to keep both building occupants and first responders safer,\" said Vimal Kapur, president and chief executive officer, Honeywell Building Technologies. \"The Fiplex team brings superior engineering talent and unique capabilities for wireless communications that will enable us to enhance our in-building communications offerings and complement our innovative, industry-leading solutions.\"\nAccording to a 2017 International Association of Fire Chiefs (IAFC) survey by the Safer Buildings Coalition, 56% of fire departments have experienced a communications failure in a building during an emergency event, leaving firefighters and other first responders virtually stranded in these situations after losing communications. In-building communications systems, like those from Fiplex, enable first responders to stay connected throughout a building that may have a poor cellular signal due to Low-E glass windows, energy-saving cladding or wall composition, and even i...