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Honeywell's (HON) Refrigerant Selected for R&D 100 Awards

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Diversified technology company Honeywell International IncHON recently announced the selection of its new Solstice refrigerant for supermarket refrigeration as a finalist for the R&D 100 Awards. Created to honor the 100 most innovative technologies and services of the past year globally, the prestigious R&D Awards are sponsored by the R&D magazine.

Honeywell's Solstice N40 refrigerant, also known as R-448A, has a global warming potential (GWP), which is 68% lower than the existing refrigerant R-404A. The benefits of the new Solstice refrigerant combined with its low environmental impact and low energy consumption makes it a perfect fit for many companies. Honeywell's Solstice products are already in use by premium manufacturers and refrigeration users globally. This new refrigerant is a part of the growing line of Solstice products for applications ranging from auto air conditioning to highly-energy efficient appliance and building insulation. It offers lower-global-warming impact, addresses climate change concerns and new regulations, giving supermarket owners an added advantage in comparison to other refrigerants available in the market.

Honeywell remains focused on inventing new products to maintain its competitive advantage worldwide. The successful adoption and rise in demand for such products and services is likely to augment its overall revenues.

Honeywell is a global diversified technology and manufacturing company with a wide range of products and services. These include 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 as well as energy efficient products and solutions for homes, business and transportation.

Honeywell currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now include Danaher Corp DHR and ServiceMaster Global Holdings, Inc. SERV and Graham Corporation GHM each carrying a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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