Feeling the Heat: Schools Look to Reduce Energy Costs Through Facility Improvements

MINNEAPOLIS, Dec. 16 /PRNewswire-FirstCall/ — With the official start of
winter on the horizon, schools across the country are firing up boilers to
keep their buildings warm and comfortable. However, according to the U.S.
Department of Energy, 25 percent of the energy used in schools is wasted due
to inefficient buildings, equipment and operations. This drains an estimated
$1.5 billion annually from the nation’s schools, enough money to hire 30,000
teachers.

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After salaries, utility costs are typically the second-largest budget
item, and the most controllable expense, confronting schools. That’s why
administrators are trying to reduce energy consumption and better predict
future needs. At the same time, a growing awareness about the effects of
global warming has many schools looking for ways to reduce carbon emissions
and serve as models of energy conservation.

As a global energy services provider, Honeywell (NYSE: HON) is helping on
both fronts, providing a broad range of services and technology designed to
shrink schools’ utility bills and environmental footprint. This is possible
through infrastructure upgrades — including new, high-efficiency
boilers — and more innovative solutions like wind turbines and solar panels.

Since 2006, Honeywell has helped dozens of U.S. school districts beat the
budget crunch with energy and operational savings expected to total more than
$153 million. The savings are primarily achieved through energy performance
contracts, which allow schools to fund facility improvements through the
energy and operating savings the upgrades produce over a specified timeframe,
typically 10 to 20 years. Honeywell guarantees the results so the work usually
doesn’t impact budgets or require additional taxpayer dollars. Combining all
active performance contracts, the company is helping hundreds of districts
save nearly $372 million.

“Energy and operating costs drain money from budgets — money that would
otherwise go directly toward the classroom,” said Paul Orzeske, president of
Honeywell Building Solutions. “However, districts rarely have the capital to
overhaul their facilities. Our programs help schools boost efficiency without
a significant up-front investment.”

Honeywell works closely with schools to develop strategic plans to cut
energy costs and emissions, and increase the comfort of classrooms. The
company employs a mix of traditional and renewable conservation measures to
that end. Examples include:

— Perkins Local School District in Ohio is erecting three 20-kilowatt
wind turbines to complement a variety of conventional energy-efficiency
measures. The turbines will provide more than 10 percent of the electricity
for the middle and high schools. And the overall program is expected to reduce
expenses by more than $190,000 each year. The district used the Honeywell
Renewable Energy Scorecard, a first-of-its-kind selection tool that helps
pinpoint the technology with the most significant environmental and economic
drivers, to identify the right green solution for their needs.

— Honeywell has installed solar arrays for school districts in Dixon,
Pleasanton, Poway and Riverdale, Calif. These projects are expected to save
the districts millions in energy costs. They also will cut annual carbon
dioxide emissions by an estimated 4.3 million pounds and nitrous oxide
emissions by almost 4,000 pounds. According to figures from the U.S.
Environmental Protection Agency, this is equivalent to removing more than 460
cars from the road or planting 575 acres of trees.

“The fact that going green also provided a financial advantage was very
attractive to us,” said Elaine Cash, superintendent of Riverdale Joint Unified
School District. “Our solar project with Honeywell will maximize our budget
resources while maintaining clean, sustainable schools.”

Along with tapping renewable resources, typical improvements include
replacing and upgrading heating, ventilation and cooling (HVAC) equipment,
installing centralized building automation systems, replacing outdated
fixtures with energy-efficient lighting, tightening building envelopes through
new windows and doors, and upgrading electrical systems.

For more information on Honeywell energy services, please visit:
http://www.honeywell.com/buildingsolutions/energy.

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 http://www.honeywell.com.
Honeywell Building Solutions is part of the Honeywell Automation and Control
Solutions business group, a global leader in providing product and service
solutions that improve efficiency and profitability, support regulatory
compliance, and maintain safe, comfortable environments in homes, buildings
and industry. For more information about Building Solutions, access
http://www.honeywell.com/buildingsolutions.

This release contains “forward-looking statements” within the meaning of
Section 21E of the Securities Exchange Act of 1934. All statements, other than
statements of fact, that address activities, events or developments that we or
our management intend, expect, project, believe or anticipate will or may
occur in the future are forward-looking statements. Forward-looking statements
are based on management’s assumptions and assessments in light of past
experience and trends, current conditions, expected future developments and
other relevant factors. They are not guarantees of future performance, and
actual results, developments and business decisions may differ from those
envisaged by our forward-looking statements. Our forward-looking statements
are also subject to risks and uncertainties, which can affect our performance
in both the near- and long-term. We identify the principal risks and
uncertainties that affect our performance in our Form 10-K and other filings
with the Securities and Exchange Commission.

[Via http://www.prnewswire.com]

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