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Claroty Commended by Frost & Sullivan for Dominating the OT Network Protection Market with Its Holistic Security Platform

SANTA CLARA, Calif., May 29, 2018 -- Based on its recent analysis of the North American operational technology (OT) network protection platform market, Frost & Sullivan recognizes Claroty with the 2018 North American Entrepreneurial Company of the Year Award for consolidating its position in the industrial cybersecurity market. Claroty delivers unmatched product value through its holistic enterprise-class OT security platform, which supports the open and proprietary protocols of all major industrial control systems (ICS) equipment vendors. It offers engineers, operators, and cybersecurity professionals the deepest visibility into their OT networks and full protection of their ICS, supervisory control and data acquisition (SCADA), and Industrial Internet of Things (IIoT) assets.

 

Click here for the full multimedia experience of this release - http://bit.ly/2x8L2Sj

"Claroty's platform performs continuous, real-time monitoring to deliver a range of benefits including context-rich alerts, non-intrusive monitoring, access policy enforcement and control, and agentless deployment to a central management console," said Sankara Narayanan Senior Industry Analyst. "Its continuous threat detection software, installed on a server or run as a virtual machine (VM), connects to a SPAN port on a switch. The solution then views the traffic and makes a copy of it, rather than asking network assets any questions."

Because the solution uses deep packet inspection (DPI), Claroty does not leave a footprint on the industrial network. Instead, it safely monitors ICS network traffic from the outside. This also means that there is zero impact on existing critical ICS or OT systems.

Significantly, Claroty's continuous threat detection software automatically discovers, classifies, and profiles the assets according to IP address, appropriate asset category, and type of communication. It builds an active inventory of assets prior to the threat detection stage, creates a deep profile of the network communication patterns, and uses this information to generate a high-fidelity behavioral baseline model that characterizes legitimate traffic. As soon as an attacker tries to gain a foothold on a server or perform reconnaissance on the network, Claroty will detect the activity as anomalous traffic and provide the system and organization control (SOC) with context-rich alerts.

Another major value proposition from Claroty is risk assessment. It analyzes the risk levels of certain assets and connections on the network and highlights the high-risk elements so customers can quickly secure them. Although competing solutions may be able to find an anomaly and send numerous alerts for every anomaly found, Claroty's solutions pull out far more granular and actionable information. For instance, the product can discern the kind of OT industrial conversations taking place as opposed to only checking the identity of the IP addresses engaged in conversations and the frequency of conversations.

"Claroty's strategic partners include two of the largest industrial control vendors—Rockwell Automation and Schneider Electric—and one of the world's largest networking companies—Cisco. Unlike other vendors, Claroty's platform is the fulcrum of its partners' new managed security services business," noted Sankara Narayanan. "For enhancing the value proposition of its customers and partners, Claroty richly deserves Frost & Sullivan's Entrepreneurial Company of the Year Award."

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. The award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Claroty
Headquartered in New York and launched as the second startup from the famed Team8 foundry, Claroty combines elite management and research teams and deep technical expertise from both IT and OT disciplines, with backing from premier investors such as Bessemer Venture Partners and Innovation Endeavors. With an unmatched understanding of ICS, SCADA and other essential OT/IIoT systems, the Claroty team is building an unparalleled suite of integrated products addressing the full spectrum of cybersecurity protection, control, detection and response requirements. For more information, visit www.claroty.com.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

Contact:

Ana Arriaga
P: 210.247.3823
F: 210.348.1003
E: [email protected]

 

SOURCE Frost & Sullivan

 

Nuctech participated in the Second Technical Meeting on Radiation Detection Instruments for Nuclear Security of IAEA

Lead by Li Yuanjing the Senior Vice President of Nuctech, Nuctech participated in the Second Technical Meeting on Radiation Detection Instruments for Nuclear Security of IAEA held in Vienna the capital of Austria from 16th to 20th, April, 2018. The topic was: Trends, Challenges and Opportunities. The conference is aimed at gathering the professionals, users, and manufacturers to discuss the emerging threats and the development trend in the field of radiation detecting.

During the conference, Mr.Li communicated thoroughly with the leaders of the bureau of radiation security of IAEA on deepen the cooperation of system maintenance and staff training, as well as to participate in the global project of IAEA, and other topics. On behalf of Nuctech, Li Yulan the engineer delivered a speech in which she introduced Nuctech briefly, and introduced the characteristics and application prospects of different types of products of Nuctech in detail.

 

During the exhibition, the high purity germanium detector attracted a great attention from the professionals of IAEA members and of the industry with its background of independent R&D and the leading capability of radiation detecting. The booth of Nuctech welcomed the professionals from France, Malaysia, Austria, Egypt, Bangladesh, and other countries and regions.

Michele Evans Named Aeronautics Deputy Executive Vice President

BETHESDA, Md.May 21, 2018 -- Today Lockheed Martin (NYSE:  LMT) announced Michele Evans has been named Deputy Executive Vice President for its Aeronautics business area, effective June 4. Evans will report to the business area's Executive Vice President, Orlando Carvalho, and will be based at the Aeronautics headquarters in Fort Worth, Texas

 

Evans will be responsible for all programs, including F-35, F-16, C-130 and Advanced Development Programs, and will partner with Carvalho to ensure Lockheed Martin Aeronautics continues to meet customer commitments and grow the business. 

Evans was most recently Vice President and General Manager for Integrated Warfare Systems and Sensors in Lockheed Martin's Rotary and Mission Systems business area. In this role, she oversaw the strategy and execution of the Littoral Combat Ship program, Aegis Combat Systems and sea-based missile defense, as well as a host of other systems. The programs she led in this role supported all branches of the U.S. Armed Forces, and more than 40 countries. She also was Vice President of Modernization and Sustainment, where she was responsible for the A-10 weapons system, and avionics programs on the C-130 and F-35.

"The variety of her experiences make Michele uniquely qualified to take on this new role," Carvalho said. "Aligning program leadership to her will enable us to maintain and enhance best practices; and further build a cohesive, strategic operating rhythm for our programs."

Evans holds a bachelor's degree in Mechanical Engineering from Clarkson University. She serves on the corporate boards for Lockheed Martin Australia and the United Kingdom, and is a member of Clarkson University's Coulter School of Engineering Advisory Board.

With her appointment, Paul Lemmo has been named Vice President and General Manager for Integrated Warfare Systems and Sensors in the Rotary and Mission Systems business area. Paul most recently served as Vice President of Fire Control/SOF GLSS line-of-business which provides a wide range of logistics support services.

About Lockheed Martin 

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

SOURCE Lockheed Martin

Related Links

http://www.lockheedmartin.com

Honeywell Appoints Olivier Rabiller To Continue As President And CEO Of Transportation Systems Business After It Spins

MORRIS PLAINS, N.J. -- Honeywell (NYSE: HON) today announced that Olivier Rabiller has been appointed to continue to lead Transportation Systems as President and CEO after it spins into a standalone, publicly traded company between now and the end of the third quarter. Olivier has led Transportation Systems since July 2016, capping a series of increasingly large leadership roles he has held since joining Honeywell in 2002.

 

"Olivier is a highly effective leader who is well-respected in the automotive industry and has played a key role in the sustained outperformance of his business within Honeywell. We are excited about what Transportation Systems will accomplish as an independent company under Olivier's leadership," said Honeywell Chairman and CEO Darius Adamczyk. "Transportation Systems is a global leader in turbocharger technologies, and it is rapidly expanding its range of technologies to meet the needs of vehicles with electrified powertrains – these include eBoosting solutions, and high-performance electric compressors for hydrogen fuel cell vehicles. The business is also introducing leading software solutions that monitor vehicle performance and health, and offer state-of-the-art cybersecurity."

 

Prior to Rabiller's current role, he served as Vice President and General Manager of Transportation Systems for High Growth Regions, Business Development, and Aftermarket, for two years. Prior to that, he served two years as Vice President and General Manager, Transportation Systems Aftermarket. Earlier positions within Honeywell included roles as the Vice President of Sourcing for Transportation Systems for three years; Vice President of Customer Management for Passenger Vehicles at Honeywell Turbo Technologies; Vice President, European Sales and Customer Management; and Director of Marketing and Business Development for the European region. Rabiller joined Honeywell in 2002 as Senior Program Manager and Business Development Manager for Turbo Technologies EMEA. He also served for seven years at Renault in Customer Services, Engine Project Management and Purchasing. He holds an engineering degree from Ecole Centrale Nantes and an MBA from INSEAD. He is fluent in French, English and Portuguese.

 

"It is an honor to have this opportunity to lead our business with its extremely talent workforce and world-class technology portfolio into the post-spin era," Rabiller said. "We look forward to continuing to work with our customers and suppliers to advance the state of the art in the vehicle industry, all for the benefit of drivers who are seeking the utmost in performance and efficiency."

 

On October 10, 2017, Honeywell announced its intention to separately spin off the Transportation Systems business, as well as its Honeywell Homes product portfolio and ADI global distribution business, into two standalone, publicly traded companies. The planned Transportation Systems spin is expected to be completed by the end of the third quarter of 2018. The planned Homes spin is expected to be completed by the end of 2018.

 

The new Transportation Systems business will be a global leader in turbocharger technologies with best-in-class engineering capabilities for a broad range of engine types across global automobile, truck and other vehicle markets. The business is expected to have annualized revenue of approximately $3 billion, a high-yield credit rating, and approximately 6,500 employees. Transportation Systems currently serves more than 150 countries and develops more than 100 new applications each year.

 

Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Magal Acquires Control of ESC BAZ

Magal Security Systems, Ltd. (NASDAQGM: MAGS) today announced the closing of the acquisition of control of ESC BAZ Ltd. ("BAZ") following receipt of approval by the Israeli anti-trust authority and fulfillment of all the various other conditions for closing.

BAZ is an Israeli-based company focused on the development and manufacturing of military-grade smart Security Video Observation and Surveillance systems.

It is anticipated that BAZ's operation coupled with the expected synergies will positively contribute to Magal's revenues and will be accretive to earnings.

The BAZ product portfolio includes a wide range of modular and customizable medium and long range surveillance systems for distances from 500m up to 25km. BAZ systems have been used successfully for over twenty years, are operational and field proven with customers including the Israeli Defense Forces, Police and Security Services, as well as numerous other government and civilian customers worldwide.

Saar Koursh, CEO of Magal, commented, "Accomplishing the conditions required for closing and the materialization of the BAZ acquisition serve our vision to lead the perimeter security market by offering a one stop shop for all cutting edge perimeter intrusion detection systems (PIDS) Security Solutions. The BAZ acquisition will enable us to add smart thermal cameras with embedded video analytics to our product portfolio, strengthening and broadening our state of the art video management systems and video analytics offerings. We look forward to realizing the strong potential synergies between our companies."

Benny Zviran, General Manager of BAZ, commented, "We are proud to join the Magal team, contributing our smart Video Observation and Surveillance solutions to an industry leading portfolio of perimeter security products. We look forward to better tapping this important market and growing together over the coming years."

ABOUT MAGAL 

Magal is a leading international provider of solutions and products for physical and video security solutions, as well as site management. Over the past 45 years, Magal has delivered its products as well as tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries - under some of the most challenging conditions.

Magal offers comprehensive integrated solutions for critical sites, managed by Fortis4G - our 4th generation, cutting-edge physical security information management system (PSIM). The solutions leverage our broad portfolio of home-grown PIDS (Perimeter Intrusion Detection Systems), Symphony - our advanced VMS (Video Management Software) with native IVA (Intelligent Video Analytics) security solutions.

Forward Looking Statements

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in Magal's reports filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 20-F and Current Reports on Form 6-K.

 

For more information: 
Magal Security Systems Ltd.
Saar Koursh, CEO
Tel: +972-3-539-1421
E-mail: [email protected]
Web: http://www.magalsecurity.com
 
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559
E-mail: [email protected]

SOURCE Magal Security Systems, Ltd.

Netwrix Sustains Momentum as the Fastest-Growing Company Honored by Inc 5000 and Deloitte

IRVINE, Calif. -- Netwrix Corporation, provider of a visibility platform for user behavior analysis and risk mitigation in hybrid environments, today announced strong 2017 results, including 35% revenue growth in Q4 2017 and substantial revenue increase in multiple industries, such as finance, healthcare, and energy & utilities. Named one of the fastest-growing companies in North America, Netwrix reported considerable growth across Asia Pacific, France, Belgium and other regions, as well as substantial upgrades to the Netwrix Auditor platform and new partnerships.

Market momentum
"2017 was remarkable for the global rise in ransomware, as well as several headline-making breaches that resulted in tremendous damage to sensitive data, such as Equifax case. Growing cyber threats and increasing complexity of IT environments are forcing organizations to revise their IT security practices and become more vigilant about what's going on in their IT environments. We expect a rise in demand for products that enable companies to keep user activity under control and evaluate risks to their systems and data, so they can spot and fix security gaps before hackers take advantage of them
," said Michael Fimin, CEO and co-founder of Netwrix.

  • The company demonstrated 27% year-to-year growth, thanks to rapid expansion both in the U.S. and globally. Revenue increased by 35% in Q4 2017.
  • Netwrix showed substantial growth in Asia Pacific (124%) and Australia (81%) compared to Q4 2016. Netwrix also reported huge quarter-over-quarter revenue increases in France (392%), Belgium (506%) and Australia (101%).
  • The growing market demand for solutions that mitigate security risks enabled Netwrix to demonstrate growth across multiple industries in Q4 2017, including finance (93%), energy & utilities (80%), healthcare (58%) and consumer goods (55%). Netwrix also showed remarkable year-to-year growth in the healthcare (51%), technology (50%) and financial (32%) sectors.
  • Netwrix increased its customer base by 37% over the year by adding more than 1,500 customers, including Lima Memorial Health System, Miller Johnson, World Travel Holdings, Tax Defense Network and Linearizer Technology, Inc.
  • In February 2017, Netwrix received a Series A funding round from Updata Partners, a leading technology growth equity firm. This partnership with Updata empowered Netwrix to accelerate global expansion and support product development.

Product releases

  • In May 2017, the company launched Netwrix Auditor 9.0, which enables organizations to respond to ransomware and aberrant insider activity faster. The new capabilities include alerts on threat patterns, an add-on for Cisco devices, role-based access control (RBAC), and new compliance reports for GDPR, CJIS, GLBA, FERPA and NERC CIP.
  • In November 2017, Netwrix released Netwrix Auditor 9.5. Its risk assessment, behavior anomaly discovery and permissions analysis capabilities enable companies to proactively reduce risks and spot attackers in their IT environment.

New partnerships and appointments

  • In October 2017, Netwrix became an Oracle PartnerNetwork Silver Level Partner. This partnership enables Netwrix to receive assistance from Oracle experts to help customers mitigate security risks to their structured data.

Research

Industry recognition

  • Netwrix was mentioned in industry analyst reports by Gartner, Ovum, IDC and Juniper.
  • In November 2017, Netwrix was recognized as one of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America on Deloitte's Technology Fast 500™ list.
  • Netwrix was included in the Inc. 5000 list of the fastest-growing companies in America for the sixth time in a row.
  • Netwrix was named to the Software 500 list of the 500 largest software and service providers in the world for the fourth time in a row.  
  • Netwrix was named a finalist for the SC Awards U.S. in two categories — Best Database Security Solution and Best Regulatory Compliance solution — for the second consecutive year.
  • Netwrix exhibited at major industry events, including the RSA Conference in the US and Asia Pacific, and Microsoft Ignite in the US and Australia.

About Netwrix Corporation

Netwrix Corporation was the first vendor to introduce a visibility and governance platform for hybrid cloud security. More than 160,000 IT departments worldwide rely on Netwrix to detect insider threats on premises and in the cloud, pass compliance audits with less effort and expense, and increase productivity of IT security and operations teams. Founded in 2006, Netwrix has earned more than 100 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visit www.netwrix.com

CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: [email protected]

SOURCE Netwrix Corporation

Related Links

http://www.netwrix.com

StereoVision Imaging Acquires Digital Signal Corporation

PASADENA, Calif., March 12, 2018 -- StereoVision Imaging, Inc., (SVI), the global leader of man-portable mid-range 3D facial recognition systems, announced that it has closed on a financing package with a leading provider of structured debt products to technology and life science companies.  This deal represents a major step in SVI's effort to accelerate and diversify its current product slate, through a major acquisition and an injection of working capital.

A portion of the financing will be used by SVI to acquire the assets of Digital Signal Corporation, a leading developer of LIDAR-based facial recognition technology.  "We are thrilled to have access to Digital Signal's ground-breaking LIDAR technology which will enable us to expand our Identity Intelligence solutions for law enforcement, homeland security, military and other public safety applications," said Greg Steinthal, Founder and President of SVI.  "The LIDAR-based 3D facial recognition technology which we have acquired from Digital Signal provides extremely accurate, real time facial recognition, capable of identifying non-cooperative individuals or 'faces-in-a-crowd' at extended ranges."  This capability will complement SVI's hand-held 3D Facial Recognition Binocular System (FRBS), which is currently being delivered to the US Army under a sole-source contract.

Digital Signal Corporation has been a leader in human identification technology, having developed revolutionary facial intelligence solutions, incorporating LIDAR-based sensors, proprietary software and systems, which provide full-cycle Identity Intelligence, including enrollment, monitoring and identity analytics. Through this acquisition SVI is acquiring a significant portfolio of U.S. and International patents related to the use of LIDAR technology for 3D facial recognition and other potential applications.  

About StereoVision Imaging

StereoVision Imaging is a privately-held corporation based in Pasadena, California.  The Company has developed and deployed with the U.S. Military a revolutionary mid-range, hand-held 3D facial recognition technology that integrates traditional binocular optics with proprietary image enhancement facial analytic algorithms.  This technology enables the identification of non-cooperative "persons-of-interest" under challenging uncontrolled environmental conditions with very high levels of accuracy.  Additional information about SVI can be found at www.stereovisioninc.com.

Media Contact:
Frank Grossman
[email protected]
847-722-7288

SOURCE StereoVision Imaging, Inc.

Related Links

http://www.stereovisioninc.com/

CNC Technologies Deploys Custom Airborne Mission Suite for Ontario Police Department

 

LOS ANGELES -- CNC Technologies, an aviation technology and wireless communications company serving the law enforcement, military and government markets, announced today its selection by the Ontario Police Department to deploy an airborne mission suite for the Department's Air Support Unit.  Custom developed to support the Ontario PD's multi-faceted mission profile, the new solution enables real time transmission of HD video and data to fixed and mobile receive sites across the Southern California region.

CNC is leading all aspects of the project, which includes design, integration, officer training and ongoing 24/7 service and support.  The new system incorporates state of the art image capture, transmission and receive technologies while also providing full interoperability with existing infrastructure and with the technology assets of regional partners.  Additional functionality comes via an augmented reality-equipped moving map system, which enables air crews to overlay critical information such as street names and addresses on top of live video feeds.

"CNC Technologies brings unparalleled expertise developing and supporting robust airborne law enforcement and counterterrorism solutions for major metropolitan operators," said Sergeant Steve Valvo at the Ontario PD.  "We are pleased to partner with them on this new solution, which brings additional performance and capability to our airborne law enforcement and public safety efforts.  CNC's always-on support structure will also help ensure we're operating the system at maximum efficiency."  

"The Ontario Police Department is crucial to the Southern California law enforcement community and we are honored to assist them in their public safety mission," said Ron Magocsi, managing partner at CNC.  "The new mission suite's flexible configuration is designed to provide best-in-class-functionality and user experience along with the ability to easily upgrade the system when new technologies become available."

CNC Technologies can deploy any level of solution from implementing a real-time microwave downlink capability to building out a nationwide counterterrorism network encompassing aircraft, ground-based receive sites, imaging platforms and encrypted communications systems for sovereign state clients.  The CNC Technologies team also has extensive experience supporting Urban Area Security Initiative (UASI) projects funded by the U.S. Department of Homeland Security.

About CNC Technologies

CNC Technologies is an aviation technology and wireless communications company serving the law enforcement, government and military markets. Providing custom aerial surveillance, data transmission and counterterrorism solutions, the CNC team brings decades of experience deploying local, national and global communications networks for the world's most demanding operators. CNC works with clients around the globe, delivering customized mission suite solutions tailored to match each organization's specific mission requirements and backed by unparalleled 24/7 service and support.  The company is online at www.cnctechnologies.com.

Babette Schrank
CNC Technologies
[email protected]
530-559-4919

 

SOURCE CNC Technologies

LRAD® Corporation Receives $1.0 Million International Defense Order

LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”), advanced mass notification systems, and distributed recipient solutions today announced a $1.0 million order for LRAD 100X and LRAD 450XL AHDs from an international defense department. The man-portable and vehicle-mounted communication systems will be used for both training and operational deployments.

“LRAD was selected after a competitive tender and extensive testing, due to its superior intelligibility, proven performance, and exceptional broadcast range,” noted Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “This order continues the trend of significant LRAD procurements by U.S. and international defense forces.”

LRAD systems broadcast audible, voice messages and warning tones with incomparable clarity from close range out to 5.5 kilometers. LRAD’s advanced driver and waveguide technology ensures every broadcast is clearly heard and understood over background noise. From the rugged, lightweight LRAD 100X to larger systems temporarily or permanently mounted on vehicles, vessels, and helicopters, LRAD systems increase the communication capabilities and operational effectiveness of defense forces.

About LRAD Corporation

The Company’s proprietary Long Range Acoustic Devices®, advanced ONE VOICE® mass notification systems, and innovative Genasys™ mass messaging solutions are designed to enable users to safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, resolve uncertain situations, and save lives. LRAD systems are in service in more than 70 countries around the world in diverse applications including mass notification and public address, fixed and mobile defense deployments, homeland, border, critical infrastructure, maritime, oil & gas, and port security, public safety, law enforcement and emergency responder communications, asset protection, and wildlife control and preservation. For more information, please visit www.LRAD.com.

Forward Looking Statements

Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements. These risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management’s expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the “Risk Factors” section of the Company’s Form 10-K for the fiscal year ended September 30, 2017. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

Company Contact

E. Brian Harvey
Director, Investor Relations and Capital Markets
858.753.8974
[email protected]

Predictive Maintenance From Anywhere: Honeywell Enables The Connected Helicopter

PHOENIX, Feb. 26, 2018 -- Whether it's for a military mission or a supply delivery to an oil rig, Honeywell's (NYSE: HON) latest Health and Usage Monitoring Systems (HUMS) technology will help civil and defense helicopter operators ensure aircraft availability while increasing safety and reducing operational and maintenance costs. RECONTM is a new solution built on the legacy of Honeywell's Health and Usage Monitoring Systems, and uses connectivity to share critical aircraft health data in real time. This allows maintenance crews on the ground to track the health of a rotorcraft no matter its location. Combined with other solutions like the Sky Connect® tracking systems and Aspire 200 Satellite Communications System, Honeywell is enabling operators to benefit from the Connected Helicopter.  

"RECON's ability to transfer data in real time is enabling the new age of the Connected Helicopter," said Ben Driggs, president of aftermarket sales, Americas, Honeywell Aerospace. "Using this new system with other connected technologies like Sky Connect and Aspire 200, operators can remain connected wherever they go. This can reduce in-flight cancellations by up to 30 percent, reduce test flights by 20 percent and cut down on scheduled maintenance by up to 10 percent."

Honeywell's HUMS technology enables predictive, condition-based maintenance using sensors on rotating parts, such as the main rotor, tail rotor and drivetrain, to measure the health and performance of these critical components on an aircraft. The systems collect, analyze and manage this data, helping operators and maintenance crews detect and fix potential mechanical issues before they ground a helicopter.

RECON is the next evolution of Honeywell's HUMS and will be able to acquire and process data eight times faster compared with Honeywell's previous systems, reducing flight-test time and increasing data collection. It also enables in-flight rapid data processing and assessment with alerts that can be transmitted via satellite communication systems. Maintenance crews can stay connected and track the health of a rotorcraft anywhere, at any time. Honeywell's HUMS product family provides a common hardware and software environment, so customers can easily upgrade to the new RECON system.

An eight-year study by the University of South Carolina with the South Carolina Army National Guard found that Honeywell's HUMS saved $2.1 million in parts cost and operation support. In addition, the study found a 75 percent reduction in unscheduled maintenance, a key indicator of mission readiness. According to the study, unscheduled replacements were reduced to less than 4 percent of total maintenance actions.

"RECON is built on Honeywell's successful and field-proven HUMS technologies, which have helped our customers with maintenance needs for more than 30 years," said Driggs. "This next generation of HUMS will help operators in industries like oil and gas, emergency medical services, forestry, and defense be connected and ready for takeoff at any moment."

Honeywell's HUMS technology has a strong track record in commercial and defense markets with more than 2,000 onboard systems and over 20,000 portable systems fielded. In addition to serving the U.S. Department of Defense and militaries around the world, Honeywell's HUMS has been selected by world-class organizations like Sikorsky, Boeing and Bell Helicopter, and has Supplemental Type Certificates for more than 20 platforms. RECON is the latest advancement in a full suite of Honeywell's Connected Helicopter technologies, extending from nose to tail and from the ground to the sky, increasing the safety, efficiency and operational effectiveness for customers worldwide.

Supporting Resources

  • Learn more about RECON
  • Read more about Honeywell Aerospace on the Follow The Aero blog
  • Like Honeywell Aerospace on Facebook
  • Follow @Honeywell_Aero on Twitter

Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft, and its turbochargers are used by nearly every automaker and truck manufacturer around the world. The Aerospace business unit develops innovative solutions for more fuel-efficient automobiles and airplanes, more direct and on-time flights, safer flying and runway traffic, along with aircraft engines, cockpit and cabin electronics, wireless connectivity services, logistics, and more. The business delivers safer, faster, and more efficient and comfortable transportation-related experiences worldwide. For more information, visit www.honeywell.com or follow us at @Honeywell_Aero and @Honeywell_Turbo.

Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

 

SOURCE Honeywell

Related Links

http://www.honeywell.com

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