Enhanced machine learning and autonomous
decision-making will help enable more energy efficient, convenient
solutions
LAS
VEGAS, Jan. 11, 2024 /PRNewswire/
-- Honeywell (NASDAQ: HON) and
NXP® Semiconductors N.V. (NASDAQ: NXPI)
announced at CES 2024 that they have signed a Memorandum of
Understanding (MOU) to help optimize the way commercial buildings
sense and securely control energy consumption.
According to the International Energy Agency (IEA), buildings'
operations contribute to 30% of global final energy consumption and
26% of global energy-related emissions, so decisions made today
will significantly impact future energy use and potential savings.
Today's smart energy solutions increasingly leverage machine
learning and data analytics to enhance buildings' autonomy and
energy efficiency.
The collaboration aims to help make buildings operate more
intelligently by integrating NXP Semiconductors' neural
network-enabled, industrial-grade applications processors into
Honeywell's building management systems (BMS). The MOU will
initially focus on the Honeywell Optimizer Suite, which offers a
flexible, more future-proofed building control and automation
platform.
More broadly, the efforts aim to deliver smart energy solutions
powered by AI/machine learning and data analytics to enhance
building autonomy, driving energy efficiency while guiding service
technicians. The goal is to fully leverage NXP's neural
network-enabled i.MX chipset capabilities to further enhance
Honeywell's BMS product offerings.
"Buildings are increasingly relying on data and the ability to
control operations via automation to make them more sustainable
while operating more efficiently," said Suresh Venkatarayalu,
Honeywell's chief technology officer. "NXP's latest machine
learning solutions will help us deliver excellence in building
automation for our customers."
"It has never been more important to increase the sustainability
and comfort of smart buildings," said Lars
Reger, NXP Semiconductors' chief technology officer. "NXP's
advanced portfolio of securely connected processing solutions are
supported by easy-to-use tools for rapid AI model development and
service platform for provisioning and managing IoT devices
throughout the long building management lifecycle. This capability,
combined with Honeywell's expertise as one of the leading building
management solution providers, marks an important milestone in our
shared vision to enable a smarter, more connected world for
all."
Honeywell will build on NXP's scalable semiconductor and
software solutions, such as the i.MX 8M applications processors and i.MX RT crossover
microcontrollers, to help securely observe, learn and adapt in
real time, enhancing analytics and decision-making in the same
on-site BMS equipment that manages critical building systems.
Augmented by cloud-based big data analytics through the Honeywell
Forge analytics solutions, buildings can increasingly leverage
better foresight and insight for energy usage optimization to
enable improved sustainability outcomes.
About Honeywell
Honeywell is an integrated operating company serving a broad range
of industries and geographies around the world. Our business
is aligned with three powerful megatrends – automation,
the future of aviation and energy transition – underpinned
by our Honeywell Accelerator operating system and
Honeywell Connected Enterprise integrated software
platform. As a trusted partner, we help organizations solve
the world's toughest, most complex challenges, providing actionable
solutions and innovations through our Aerospace Technologies,
Industrial Automation, Building Automation and Energy and
Sustainability Solutions business segments that help make the world
smarter, safer and more sustainable. For more news and
information on Honeywell, please
visit www.honeywell.com/newsroom.
About NXP Semiconductors
NXP Semiconductors N.V.
(NASDAQ: NXPI) brings together bright minds to create breakthrough
technologies that make the connected world better, safer and more
secure. As a world leader in secure connectivity solutions for
embedded applications, NXP is pushing boundaries in the automotive,
industrial & IoT, mobile, and communication infrastructure
markets while delivering solutions that advance a more sustainable
future. Built on more than 60 years of combined experience and
expertise, the company has approximately 34,500 team members in
more than 30 countries and posted revenue of $13.21 billion in 2022. Find out more at
www.nxp.com.
NXP and the NXP logo are trademarks of NXP B.V. All other
product or service names are the property of their respective
owners. All rights reserved. © 2023 NXP B.V
Honeywell
|
FINN Partners
|
Dawn
Wotapka
|
Meagan
Meldrim
|
(631)
943-3782
|
(616)
970-2177
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dawn.wotapka@Honeywell.com
|
meagan.meldrim@finnpartners.com
|
|
|
NXP
Semiconductors
|
|
Phoebe
Francis
|
|
(737)
274-8177
|
|
phoebe.francis@nxp.com
|
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SOURCE Honeywell