Honeywell Makes Significant Investment in Trinity Mobility, with Path to Full Ownership, Accelerating Smart Cities Leadership
Summary
"Many of the worlds cities are facing significant operational and sustainability challenges stemming from urbanization, including unexpected crises, infrastructure issues, environmental and safety concerns, and the expanding needs of citizens," said Vimal Kapur, president and chief executive officer, Honeywell Building Technologies. "We look forward to expanding our relationship with Honeywell to offer customers a complete technology solution for the complex integrations that are needed to create a truly smart city," said M Ashok Kumar (Mak), founder and chief executive officer, Trinity. Overcrowding, traffic congestion, security concerns, as well as rising water and demand for utilities, are driving the market for intelligent solutions and investment in smart city technologies. The companys solutions help create actionable insights that city authorities and municipalities can use to improve their situational awareness, economic development and quality of life for residents. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate.
