Honeywell Expands Building Automation Portfolio with Acquisition of Li-ion Tamer for Enhanced Fire Detection Solutions

Honeywell Strengthens Fire Detection Technologies with Acquisition of Li-ion Tamer

Honeywell has made a strategic acquisition of Li-ion Tamer, a leading off-gas detection solution for lithium-ion batteries, from Nexceris. This move is set to enhance Honeywell’s fire life safety portfolio within its Building Automation segment and is a result of a five-year partnership focused on improving lithium-ion battery system safety.

The acquisition is anticipated to positively impact Honeywell’s financial performance immediately. With the demand for lithium-ion batteries projected to increase by over 30% annually through 2030, reaching more than $400 billion, the need for effective battery safety solutions is becoming critical across various sectors, including renewable energy and cloud computing. Early monitoring and detection are essential for preventing or minimizing the consequences of thermal runaway, a dangerous condition that can lead to catastrophic fires. Li-ion Tamer’s advanced technology detects off-gassing from batteries, usually occurring before thermal runaway, allowing facilities crucial time to respond before a fire can ignite. Its detection system provides warnings up to 30 minutes in advance, making it a trusted choice for leading battery manufacturers worldwide.

Billal Hammoud, President and CEO of Honeywell’s Building Automation segment, remarked, “As the use of lithium-ion batteries expands rapidly in data centers, EV infrastructure, and grid-scale energy storage, the associated fire risks are increasing as well. Li-ion Tamer’s early warning capabilities have been transformative for our customers and partners over the last five years. This acquisition will further establish Honeywell as a leader in early gas detection and battery fire prevention, driving growth in our fire detection business.”

The Li-ion Tamer product line, which boasts more than 30 global patents, will be integrated into Honeywell’s Building Automation division. This integration will allow Honeywell to offer a comprehensive range of fire detection products that complement its existing advanced smoke detection and life safety solutions, including VESDA—a top solution for detecting early signs of potential fires—and Connected Life Safety Services, utilizing the Honeywell Forge IoT Platform for enhanced fire system management.

This acquisition follows Honeywell’s announcement regarding the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials businesses, aimed at creating three publicly listed industry leaders with distinct strategies. Since December 2023, Honeywell has undertaken several strategic initiatives to drive organic growth and streamline its portfolio, including $13.5 billion in accretive acquisitions. These include the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products, Sundyne, and Johnson Matthey’s Catalyst Technologies Business. Recently, Honeywell also completed the sale of its Personal Protective Equipment business to Protective Industrial Products.

### About Honeywell

Honeywell is a diversified operating company serving a wide range of industries globally. Our business aligns with three major megatrends—automation, the future of aviation, and energy transition—supported by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we assist organizations in tackling the world’s most complex challenges, delivering actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions segments. Our mission is to create a smarter, safer, and more sustainable world.

For further news and information about Honeywell, please visit [www.honeywell.com/newsroom](http://www.honeywell.com/newsroom).

*Note: This release contains forward-looking statements based on management’s assumptions and assessments, which are subject to risks and uncertainties that may cause actual results to differ. For more detailed information, please refer to our Form 10-K and other filings with the Securities and Exchange Commission.*