Honeywell Licenses Patent-Protected LCD Technology To Optrex

Increases Brightness, Image Quality for Display Screens on Mobile Telephones, PDAs, MP3 Players, Other Performance Products

PHOENIX -- Honeywell (NYSE: HON) announced today that it has granted Optrex Corporation (Optrex) a license for patented technology that increases the brightness and image quality on liquid crystal display (LCD) products.

The agreement provides Optrex rights to Honeywell’s LCD technology, protected by U.S. patent titled “Directional Diffuser for a Liquid Crystal Display” (5,280,371) in the design and manufacture of performance LCD products.

“We are pleased that Optrex can now fully benefit from our patented LCD technology that provides high quality images in key electronics products such as cell phones, personal digital assistants and MP3 players,” said Loria Yeadon, Vice President & General Manager, Honeywell Intellectual Property International. “Optrex continues to expand its capabilities for advanced LCD products and Honeywell is pleased that Optrex and their customers will be able to take advantage of our technology.”

Honeywell previously entered into similar agreements with Sharp, Samsung Electronics, LG.Philips, Sony Corporation, Toshiba, Toshiba Matsushita Display, Sanyo Electric, Sanyo Epson Imaging Devices, Chunghwa Picture Tubes, NEC LCD Technologies, Chi Mei Optoelectronics, AU Optronics, HannStar Display, Quanta Display, International Display Technology, Casio Computer, Philips, Arima Display, TPO Displays, Seiko Epson, Hitachi and Wintek among others.

Since 2004, Honeywell has filed lawsuits against 65 electronics companies for infringement of patent 5,280,371. The litigation against non-licensees is pending.

Honeywell International is a $38 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit www.honeywell.com.

Based in Phoenix, AZ, Honeywell Intellectual Property International (HIPI) globally manages Honeywell’s intellectual property portfolio and licenses companies worldwide under patents, trademarks, proven technologies and other Honeywell intellectual property to help accelerate business growth. Additional information is available on the internet at www.honeywell.com/licensing.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.