Shanghai, China, September 14, 2021 – Honeywell (NASDAQ: HON) today announced that it has signed a long-term cooperation agreement with Jiangsu Yuyue Medical Equipment Co., Ltd. (hereinafter referred to as Yuyue Medical) to meet the global oxygen concentrator market demand through joint efforts of both parties, empower the high-quality development of the life sciences field with innovative technology, and contribute to the global epidemic prevention and control and treatment.
Yuyue Medical is an important partner of Honeywell UOP in the field of high-performance oxygen generation molecular sieve technology. According to the long-term cooperation agreement signed this time, the two parties will be committed to serving the global oxygen concentrator market through high-performance molecular sieve solutions and benefiting more users.
"Honeywell's products are becoming more and more popular in growth markets such as life sciences, and the company is continuously increasing product development and capacity building, fully combining its global resources to cooperate with industry leaders such as Yuyue Medical." Lei Xiang, Vice President and General Manager of Honeywell UOP China, said, "We are pleased to sign a long-term cooperation agreement with Yuyue Medical to jointly promote the application of high-performance molecular sieve technology in the oxygen concentrator industry. We look forward to the forward-looking cooperation between the two parties with their respective industry experience and technological advantages, enabling the progress of the life sciences industry and contributing to the global epidemic prevention and control and treatment. ”
"Yuyue Medical has always led the development of the industry with high standards, and we look forward to leveraging the advantages of both parties through the long-term strategic cooperation with Honeywell to meet the global market's demand for high-quality household oxygen and jointly promote the high-quality development of the medical oxygen concentrator industry." Wu Qun, Chairman of Yuyue Medical, said, "Actively fulfilling social responsibilities and focusing on creating value for society is an important mission shared by the two companies. Yuyue Medical and Honeywell are committed to integrating the health needs of people around the world into continuous innovation to protect life and health. ”
Yuyue Medical is one of the world's largest R&D and manufacturers of oxygen concentrators, with more than 20 years of development in the field of life and health, committed to the R&D, innovation and intelligent manufacturing of medical devices, and its respiratory therapy solutions include medical-grade and other types of oxygen concentrators. As one of the major medical device companies in China, Yuyue Medical has always ensured the quality of medical-grade oxygen supply with rigorous, mature and cutting-edge craftsmanship and set an industry benchmark.
Honeywell UOP is one of the pioneers in the field of catalysts and adsorbents, having synthesized and commercialized molecular sieves in the laboratory as early as the early 50s of the last century. Over the course of 70 years of technology, Honeywell has continuously developed and improved the performance of zeolites based on the needs of the application. In addition to product research and development, UOP's R&D center in China is equipped with high-performance pressure swing adsorption (PSA) testing and experimental simulation technology to help customers quickly adjust the most suitable operating parameters, save product debugging time, ensure that the output oxygen production concentration meets the requirements of medical and health care, and better serve consumers.
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