Honeywell International Inc
) recently completed a $2-million renovation of a New York
building named Spring Creek Towers to facilitate effective
management of energy usage and increase safety and security
requirements of the complex.
In order to improve efficiency and cut costs, a centralized
building management system (BMS) and local area network (LAN)
have been installed, giving the community owners the
opportunity to improve energy needs and react more prudently to
accidents. The new technological upgradations will also help the
complex owners to optimize the onsite utility plant and trim its
Additionally, Honeywell replaced Spring Creek Towers' old alarm
system with new sensors in various areas for security concerns.
It also made adequate arrangements to offset concerns relating to
elevators among others. The company also introduced Enterprise
Building Integrator (EBI) that will deliver energy reports for
the apartment towers along with providing in-depth detail on
Honeywell is a global diversified technology and manufacturing
company with a wide range of aerospace products and services,
control, sensing and security technologies for buildings, homes
and industry, turbochargers, automotive products, specialty
chemicals, electronic and advanced materials, process technology
for refining and petrochemicals and energy efficient products and
solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Buy). Other stocks
that look promising and are worth a look are
Hutchison Whampoa Ltd.
), carrying a Zacks Rank #1 (Strong Buy), and
Federal Signal Corp
), both carrying a Zacks Rank #2 (Buy)
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