ATLANTA, February 18, 2022 – Honeywell (Nasdaq: HON) today announced that Verdantix has named it to the independent research firm’s Green Quadrant – IoT Platforms for Smart Buildings 2022 report.

The Verdantix report highlights a market that consists of innovation driven by the need to meet expanding customer demand. The report states, “building IoT platform vendors are well-placed to tackle key use cases and generate value across real estate portfolios for the full range of building stakeholders, from C-suite executives and portfolio managers to building occupants.”*

“We are proud to be acknowledged as a leader in the Green Quadrant report from Verdantix, which further recognizes the capabilities of Honeywell Forge to optimize and manage building portfolios with our leading enterprise performance management SaaS solution,” said Usman Shuja, vice president and general manager of Connected Buildings for Honeywell.

Vendors were evaluated based on their capabilities to deliver value and support enterprise-scale architecture. Verdantix analyzed the capabilities of the 17 most prominent IoT platforms for smart buildings to provide prospective buyers of IoT platforms with analysis to support vendor selection decisions.

According to the report, the decreasing costs of IoT sensors and solutions are driving the adoption of IoT for new building applications. Verdantix research indicates that 44% of firms expect to increase their spending on IoT platforms for buildings in 2022.

Honeywell Forge is a purpose-built SaaS solution on a native edge-to-cloud, data-driven architecture designed to accelerate digital transformation of operations. The Honeywell Forge connected buildings solution creates a single system of record to maximize building health while driving real-world improvements in sustainability, operations and the occupant experience.

Learn more about the Honeywell Forge suite for connected buildings, request a demo and follow Honeywell Forge on LinkedIn for the latest news.

*Source: Verdantix, “Green Quadrant: IoT Platforms For Smart Buildings 2022,” January 18, 2022.

About Honeywell:

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, 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.