Nanotechnology Now - Press Release: Honeywell Invests in Albany Nanotech

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Abstract:
Investment focused on Atomic Layer Deposition materials to build on current Honeywell Electronic Materials expertise

Honeywell Joins Albany Nanotech to Focus on Materials for the Semiconductor Industry

Sunnyvale, CA | July 11, 2005

Honeywell (NYSE: HON) announced today that it intends to invest at least $5 million during the next five years into laboratory equipment and research activities at Albany NanoTech, one of the largest centers for nanotechnology research in the United States. Honeywell also will locate laboratories and researchers at the center to work on next generation materials for the semiconductor industry.

“Honeywell Electronic Materials has long been a leader in innovative materials which are the critical building blocks for integrated circuit chip production,” said Dr. Saket Chadda, chief technology officer for Honeywell Electronic Materials. “This investment will allow us to continue to develop new materials critical to continuing the relentless pace of circuit miniaturization.”

Honeywell intends to focus its work at Albany NanoTech on the development of metal precursors and other materials related to Atomic Layer Deposition (ALD), a semiconductor manufacturing technique that deposits a single layer on a chip that is only one atom or one molecule thick. ALD technology is essential as elements on a chip decrease below 100 nanometers as chips become increasingly smaller. Honeywell is also specifically focused on next-generation high-k dielectrics. Honeywell Electronic Materials is already a leader in dielectric materials. “The investment in Albany NanoTech allows us to work alongside leading computer technology companies,” said Chadda, “and builds on our research and development work being conducted throughout Honeywell Electronic Materials.”

Albany NanoTech is home to the College of Nanoscale Science and Engineering (CNSE) and the New York State Center of Excellence in Nanoelectronics (NYSCEN) of the University at Albany, State University of New York.

The 450,000-square-foot complex houses the only non-proprietary 200 mm/300 mm wafer facilities in the academic world, and encompasses nanoelectronics, system-on-a-chip technologies, biochips, optoelectronics and photonics devices, closed-loop sensors and ultra-high-speed communication components.

With over 65,000 square feet of Class 1 capable 300 mm wafer clean rooms, as well as on-site faculty and student researchers, Albany NanoTech provides corporate partners with a unique environment to pioneer, develop, and test new nanoscience and nanoengineering innovations. More information can be found at www.albanynanotech.org/

Honeywell Electronic Materials is one of the top materials suppliers to the semiconductor industry. The business supplies electronic chemicals, spin-on dielectrics, and other advanced spin-on materials that enable the integration of cutting edge processes at customer sites. Honeywell also maintains extensive product offerings under its metals business segment, including physical vapor deposition (PVD) targets and coil sets, precious metal thermocouples and materials used during back-end packaging processes for thermal management and electrical interconnect. More information can be found at www.honeywell.com/em/

Honeywell International is a $26 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 Specialty Materials, based in Morristown, N.J., is a global leader in providing customers with high-performance specialty materials, including fluorocarbons, specialty films and additives, advanced fibers and composites, customized research chemicals, and electronic materials and chemicals.

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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.

Contact:
Peter Dalpe
(973) 455-4908
peter.dalpe@honeywell.com

Lance Chapman
(408) 962-2098
lance.chapman@honeywell.com

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