Honeywell Acquires ActivEye, Inc.

Provider of Video Analytics Software Added to Security Portfolio; Improves Video System Effectiveness and Productivity

LOUISVILLE, Ky., February 28, 2007 – Honeywell (NYSE: HON) today announced the acquisition of ActivEye, Inc. of Briarcliff Manor, N.Y., a provider of video analytics software and technology for security and surveillance applications. The terms of the transaction were not disclosed.

“Video analytics is an area of intense interest today and ActivEye’s technology is very impressive,” said John Lorenty, president of the Honeywell Systems Group. “We look forward to working with ActivEye’s existing customers and introducing the software to many new customers by integrating it with current Honeywell products, and an array of new digital solutions and products to come.”

Video analytics software reviews vast amounts of raw video in real-time, using rules-based object detection, classification and tracking to distinguish suspicious activity from normal activity – and generating alerts that focus on customer-specified important events. By making it possible to concentrate on meaningful activity, video analytics improves safety and security, as it enables better decision-making and a faster reaction to events. It can also improve productivity by facilitating the indexing, searching and rapid retrieval of stored video. The technology is important in numerous applications, including retail, education, financial, gaming, traffic, and government, and it can also be used to analyze retailing merchandising strategies and perform market research.

The range of ActivEye video analytics solutions includes: Active Alert, a suite of products for manned and unmanned video surveillance systems, which uses video content analysis software and forensic tools to provide real-time alarms based on actionable events and behaviors; ActivEye Smart Impressions, which analyzes individual customer and vehicular activity, and traffic patterns for facilities management and merchandising applications and ActivEye Forensics, which enables the rapid review and filtering of pre-recorded video up to 50 indexed parameters.

“Being part of Honeywell is very exciting,” said Carolyn Ramsey, CEO of ActivEye, Inc. “We’re thrilled that our innovative software solutions will be deployed and further developed by Honeywell, a world leader in security. The next generation of our software will surely benefit from Honeywell’s substantial investment and research capabilities.”

Honeywell International is a $31 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.

Events	Want Ads
Our Sponsors	Resources