Honeywell’s Trinity investment for expanding smart cities portfolio

Honeywell, a global leader in connected buildings, announced today a strategic investment in Trinity Mobility Private Limited, an India-based software company and provider of the leading internet of things (IoT) Smart Cities platform and software applications, for expanding its smart cities portfolio

This strategic investment will allow Honeywell to expand its smart cities capabilities by providing access to Trinity’s Smart City solutions, which integrate information from various systems across a city in a common interface and allow operators to better assess, operate and manage the city’s connected infrastructure. Together, Honeywell’s and Trinity’s smart cities solutions help make cities safer and more livable for citizens while helping customers manage and reduce their emissions.

Trinity’s capabilities complement Honeywell’s technologies for smart cities and global expertise in delivering integrated solutions for mission critical systems.

The Smart Cities IoT solution, called the Honeywell City Suite, can seamlessly aggregate information from traffic, environment, parking, emergency services, safety and security and utilities – among other areas – in a single, unified view. In addition to enhancing the efficiency of cities, these solutions can also be applied to retirement communities, large planned residential communities, university campuses and large industrial communities that want to provide a more connected living experience.

Vimal Kapur, president and chief executive officer, Honeywell Building Technologies said, “The combined capabilities of Honeywell and Trinity can allow cities of all sizes to improve services and provide a better experience for their citizens. In addition, the data generated from these technologies can help improve cities’ ability to plan, helping create a more hospitable and livable environment for its citizens.”

Honeywell and Trinity have worked together for more than five years to deploy multiple smart city projects, including Faridabad in Haryana and the New Administrative Capital of Egypt. Honeywell’s strategic investment will allow it to expand the reach of its smart cities capabilities to additional international markets.

“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.

“Our combined expertise and Smart Cities IoT platform provide tremendous connected opportunities for smart city solutions globally for both existing and emerging cities to meet their sustainability and productivity goals as well as create a more engaging citizen experience,” added Kumar.

The terms of the investment were not disclosed and the investment is pending customary deal closing conditions.

Share and Enjoy !

0 0

Be the first to comment

Leave a Reply