Security Dealer & Integrator

AUG 2018

Find news and information for the executive corporate security director, CSO, facility manager and assets protection manager on issues of policy, products, incidents, risk management, threat assessments and preparedness.

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New Honeywell Homes CEO Mike Nefkens has revealed the name of the soon-to-be spun off Honeywell Homes product portfolio and ADI distribution business: Resideo. "When we thought about a name for the new company, we knew we had to reflect our strong her- itage, the promise of connected technology and the deep devo- tion people feel about protecting what they hold most dear," Nefkens explained on a video message announcing the name change. "Resideo combines the words 'res- idence' – your home – and 'presi- dio' – your fortress," he added in a written note on the company's new landing page, www.resideo.com. Resideo will become a stand- alone, publicly-traded company following completion of the spin- off, which is expected by the end of 2018. The company "will continue to sell products branded Honeywell, under the Honeywell Home sub- brand," explained Nefkens, who was appointed President & CEO of Honeywell Home in May. "We have a license to use the Honeywell Home brand for many years to come, and the Honeywell Home-branded prod- ucts will integrate the Resideo 'R.'" As far as ADI, the press announce- ment reiterated that "ADI Global Distribution will retain its name and remain as a free-standing distribu- tion business of Resideo, allowing 10 Security Dealer & Integrator / www.SecurityInfoWatch.com August 2018 SECURITY WATCH Top News BY PAUL ROTHMAN, EDITOR-IN-CHIEF heating, ventilation and air condition- ing (HVAC) controls and security mar- kets, and a leading global distributor of security and fire protection products." While this announcement directly affects Honeywell residential dealers and residential/commercial dealers who work with ADI, it will have an impact on the various dealer pro- grams as well – including the shutter- ing of the Lyric dealer program. "Honeywell values its dealers and the engagement we have with them through our dealer programs," the company said in a statement to SD&I. "The Honeywell Authorized Dealer (HAD) program will be divided into two separate programs as the Homes business spins off in 2018. The HAD program will remain with Honeywell and continue to be supported. Resideo will introduce a new dealer loyalty program later this year as we get closer to the spin. Customers have been notified of the program changes, and any impact to them. The Honeywell Integrated Security (HIS) program will not be impacted, and will remain with Honeywell." Honeywell also clarified in the statement that its commercial security and fire safety businesses will continue to remain a part of Honeywell Building Technologies. ■ "Resideo" Revealed as New Honeywell Home Business Name Company will continue to use Honeywell brand name for products; ADI to keep its name as well ■ All Honeywell Home- branded products will now include the Resideo name as well. its global low-voltage contractors to access the products and technolo- gies they need to meet the needs of their customers." Resideo (Honeywell at the time) soft-launched its as-yet unnamed total home security and automation system at ESX in June. It included dif- ferent touch panels, a hub, keypads and sensors that will replace the Lyric line and integrate with TotalConnect and AlarmNet. "Over time, this will be our entire residential security offer- ing," VP Scott Harkins said. According to the announcement, more than 4.7 million of Resideo's customers use connected devices. After the spin, the company will have approximately 30 million installed sensors generating more than 250 billion data transmissions annually. When Honeywell announced the spin-off in October, it said "the new Homes and Global Distribution busi- ness will be a leader in the home "We have a license to use the Honeywell Home brand for many years to come, and the Honeywell Home-branded products will integrate the Resideo 'R.'" – Mike Nefkens, President & CEO of Honeywell Home

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