Honeywell to Acquire Genesis Cable Systems LLC; Provides the Bandwidth for Honeywell's Connected Home

SYOSSET, N.Y.--June 3, 2004--Honeywell today announced that it will acquire the remaining 70% interest of Genesis Cable Systems, LLC that it did not previously own. Genesis Cable is a leading manufacturer of low-voltage wire and cable. Terms were not disclosed, and the transaction close is conditional on regulatory and other customary approvals.

Genesis Cable manufactures a full range of low-voltage cable for voice, video, data, access control, alarm and security, home theater, sound and thermostat applications. The company also is a leading provider of structured wiring for the fast-growing home networking industry.

"This is a strong fit for us because wire and cable plays an integral role in so many Honeywell systems," said Ben Cornett, president of Honeywell Security. "It's also the glue behind the connected home, so this nicely complements our recent acquisition of FutureSmart Systems. In its industry segment, Genesis is recognized as an innovator and has an exceptional reputation for providing quality and value."

Genesis Cable has 270 employees at its office and factory in Pleasant Prairie, WI. The organization will be part of the Honeywell Security & Custom Electronics unit, which is a leading manufacturer of professional alarm systems and structured wiring products.

"We're very excited to be part of Honeywell," said Jim Coleman, president of Genesis Cable. "Our products provide the bandwidth that makes integration possible in homes and businesses. This will advance Honeywell's strategy of bringing together security, fire, sound, home theater, voice, data and energy management."

Honeywell International is a $23 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, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. Honeywell Security is a business unit of Honeywell Automation and Control Solutions (ACS), 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 Honeywell ACS, access http://www.acs.honeywell.com/.

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.