Honeywell signed a comprehensive cooperation agreement with SF Group to jointly promote digital innovation in logistics

Shanghai, China, November 7, 2021 – Honeywell (NASDAQ: HON) today announced the signing of a cooperation agreement with Shenzhen SF Tyson Holdings (Group) Co., Ltd. (hereinafter referred to as "SF") at the 4th China International Import Expo ("SF") to carry out multi-dimensional, in-depth and all-round cooperation in the fields of supply chain digital innovation, smart logistics, smart warehousing, aerospace and intelligent buildings, so as to achieve complementary advantages and contribute to the high-quality development of China's smart supply chain industry.

Under the agreement, Honeywell will help SF Express achieve smarter, safer and more sustainable logistics services through a series of high-tech products and solutions. Focusing on intelligent warehousing, supply chain software and hardware technologies such as Honeywell's warehouse automation equipment and integrated solutions will deepen the full-scenario empowerment of SF's supply chain. In the aviation field, Honeywell will provide SF Airlines with services such as spare parts supply, spare parts maintenance, and complete aircraft replacement to help SF Airlines improve operational efficiency. In the field of construction, Honeywell will enhance SF Construction's digital operation capabilities with a number of applications of smart building solutions.

At the same time, SF Express will also rely on its own resource advantages to support Honeywell's continuous development in China. SF Express will rely on its advantages in transportation resources to provide Honeywell with efficient domestic and international transportation services; Secondly, SF Express will provide Honeywell with high-quality warehousing services at key nodes through its abundant warehouse network resources. In addition, SF's efficient express network will also serve Honeywell's diversified and differentiated express delivery needs.

On the basis of giving full play to the advantages of both parties' professional technology and service capabilities, Honeywell and SF Express will further expand joint R&D cooperation in digital technology in subdivided scenarios and fields based on their bilateral resource advantages, including robot R&D, algorithm R&D, and logistics technology R&D, so as to jointly promote the in-depth development of cooperation in various fields, jointly build a digital collaborative innovation system, and promote the deep integration of China's real economy and digitalization.

"Honeywell is pleased to leverage the world-class platform of CIIE to join hands with SF Express to jointly promote the multi-dimensional application and innovation of both parties in the field of digitalization. We look forward to continuously expanding the depth and breadth of cooperation with SF, jointly improving the digitalization level of all production factors, and achieving mutual benefit and win-win cooperation." "As a global high-tech enterprise in the digital industry, Honeywell hopes to leverage its rich experience in the digital field and a series of high-tech products and solutions to work with more Chinese partners to help build a digital China," said Chai Xiaozhou, President of Honeywell Security & Productivity Solutions Group China. ”

"SF Express has always been committed to building a smart logistics ecosystem through innovation and digital technology. The rapid development of smart supply chain has created an opportunity for us to cooperate with Honeywell, and we are very pleased to be able to cooperate with a company like Honeywell with excellent digital capabilities, and become an important partner for SF Express to realize its vision of intelligent supply chain." Zhou Haiqiang, Vice President of SF, said, "We look forward to working with Honeywell to promote the organic integration of digital technology and the logistics industry, create more efficient, diversified and comprehensive logistics service capabilities, further activate the digital innovation capabilities of both parties, and promote the digital upgrading of the industry."

Honeywell has been deeply involved in China for more than 80 years, and has always practiced the development strategy of "East for the East" and "East for the World", and is committed to deeply integrating the physical and digital worlds. Under the new development pattern of China's dual circulation, Honeywell will work with Chinese enterprises to achieve high-quality and sustainable future development through aviation technology, building technology, safety and productivity solutions, as well as high-performance materials and technologies, and continue to promote the high-quality and sustainable development of Digital China.

As a leading integrated express logistics service provider in China, SF Express is committed to building a full-network and diversified logistics service capability through the organic integration of technology and logistics, and continuously helping customers reduce costs and improve efficiency in their supply chains. After years of development, it has initially established the ability to provide customers with integrated integrated logistics solutions, not only to provide high-quality logistics services at the distribution end, but also to extend to the production, supply, marketing, distribution and other links at the front end of the value chain, starting from consumer needs, taking data as the traction, using big data analysis and cloud computing technology, to provide customers with a package of solutions such as intelligent warehouse management, sales forecasting, and big data self-service analysis.

Honeywell signed a comprehensive cooperation agreement with SF Group to jointly promote digital innovation in logistics

Honeywell signed a comprehensive cooperation agreement with SF Group to jointly promote digital innovation in logistics

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