Latest news with #Honeywell-related
Techday NZ
11-06-2025
- Business
- Techday NZ
Honeywell launches AI building management for Australia, NZ
Honeywell has released a new AI-powered building management system now available in Australia and New Zealand, following pilot tests by Verizon in its global facilities. Platform features The system, called Connected Solutions, is designed to allow building operators and facility managers to control software, systems and devices through a single, integrated interface. It features energy-management tools aimed at supporting decarbonisation, advanced encryption for cybersecurity, and remote monitoring and diagnostics to lower labour requirements and costs. The platform also offers predictive maintenance prompts to help identify and resolve issues before they escalate. The launch of Connected Solutions comes as building owners contend with several industry challenges, including ageing facilities, increased costs from system downtime, shortages of skilled labour and tightening cybersecurity regulations. Honeywell says the new platform is intended to address these matters by bringing disparate building systems together under one interface. "From aging buildings and rising downtime costs to skilled labour shortages and growing cyber guidelines, building owners and operators face a complex landscape of global trends that are constantly making operations more complex and costly. To address this, Honeywell's Connected Solutions allows building managers to link critical building software, technologies and devices together to streamline management and compliance and help protect uptime," said Billal Hammoud, president and chief executive officer of Honeywell's Building Automation segment. Technology and integration Connected Solutions is built on Honeywell Forge, the company's industrial IoT platform. The platform enables managers, including facility and multi-site operators as well as integrators, to oversee all Honeywell-related systems using one dashboard. When deployed across a building or campus, the system provides comprehensive, real-time data about critical systems, along with guidance on troubleshooting and optimising operations. The installation process uses AI to speed deployment, reportedly allowing the system to be up and running within hours. Honeywell states this reduces both the time and disruption typically associated with installing building management systems, alongside reducing related labour costs. Security and sustainability In response to growing concerns about cyberthreats, Connected Solutions incorporates advanced encryption measures. Its remote diagnostic features aim to reduce onsite labour by allowing for offsite monitoring, while predictive maintenance helps address issues early in order to avoid service disruptions and more significant repair expenses. Connected Solutions also includes energy management functionalities designed to help organisations work toward decarbonisation goals. By monitoring and optimising building energy use through the platform, operators can target efficiency improvements and cost reductions. Industry adoption Early adopters of Connected Solutions include Verizon and Vanderbilt University. Verizon has begun using the platform within its facilities worldwide. According to Honeywell, Verizon is leveraging Connected Solutions to anticipate and address critical system issues before they grow into larger problems, aiming to reduce downtime and maintenance costs. Vanderbilt University has also integrated Connected Solutions into about 10 per cent of its campus buildings, choosing the platform to boost system efficiency, cut energy use and improve the occupant experience, particularly in older facilities. "Honeywell's Connected Solutions is an innovative platform offering the tools to use real-time data and AI-driven insights to help us optimise our buildings," said Alex Kohnen, chief facilities officer, Vanderbilt University. "We look forward to creating a better ecosystem for our students, faculty and staff." Honeywell's expansion of Connected Solutions into Australia and New Zealand follows feedback from early adopters and growing demand for tools that can manage increasingly complex building operations whilst addressing current challenges in energy use, labour and cybersecurity.
Yahoo
27-05-2025
- Business
- Yahoo
Singular Research Reports on Innovative Solutions & Support's Q2 2025 Results
Los Angeles, California--(Newsfile Corp. - May 27, 2025) - Singular Research, a leading provider of independent research on small-cap companies, today released its analysis of Innovative Solutions & Support, Inc.'s (NASDAQ: ISSC) second quarter fiscal year 2025 financial results. A link to the report is available here: Key Financial Highlights: Q2 revenue more than doubled year-over-year to $21.9 million Net income surged 300% to $5.3 million Adjusted EPS for Q2 was $0.30, compared to $0.07 in Q2 2024 Adjusted EBITDA increased 219% to $7.7 million, compared to $2.4 million in Q2 2024 Operational Analysis: The Company demonstrated significant improvement in key operational metrics during Q2 2025. The Company's strategic pivot toward military markets has transformed its growth profile, with military sales now accounting for 40-50% of total revenue (up from less than 10% in 2022), driven by $10.8 million from Honeywell-related programs and organic defense contracts. Cost Management: Operating expenses rose modestly to $4.3 million (19.6% of revenue), with incremental growth investments in R&D and headcount. However, operating leverage was evident as SG&A fell to 19.6% of revenue compared to 36.7% year-over-year. Production Efficiency: Gross margin rebounded to 51.4% (vs. 41.4% in Q1 2025) as Honeywell integration costs subsided, though management cautioned near-term lumpiness due to product mix shifts. The Exton facility expansion is on track to triple capacity by mid-2025, positioning ISSC for $250M+ revenue potential. 2025 Outlook Reaffirmed: Management has reaffirmed its guidance for FY 2025: Revenue growth expected to exceed 30% EBITDA growth projected to exceed 30% Military revenue expected to exceed 40% of total sales by FY 2025 year-end Gross margins projected to stabilize in the mid-40% range post-integration EBITDA margins expected to sustain >30% as scale benefits offset defense mix headwinds Strategic Developments: F-16 production shifts to Exton facility in Q3 2025, eliminating duplicative costs and unlocking margin recovery Completed NetSuite ERP integration enables real-time data for inventory/labor optimization Backlog stood at $80 million as of quarter-end, excluding long-term OEM programs Free cash flow improved to $1.3 million (vs. $0.2M YoY) despite $1.6 million in capex for facility expansion Contact: Singular Research 818-222-6234 research@ About Singular Research Singular Research aims to be the most trusted supplier of independent research, providing unbiased research on small-cap companies. Visit for more information. About Innovative Solutions & Support, Inc. Innovative Solutions & Support, Inc. (NASDAQ: ISSC) is a systems integrator that designs, manufactures, sells, and services certified, safety-related equipment and systems for the aviation industry that are intended to increase efficiency, reliability, and safety. The Company's systems include Flat Panel Display Systems that are used in numerous military and commercial aircraft. Disclaimer: This press release contains forward-looking statements and analysis based on current information. Actual results may differ materially from those projected. For full disclosures, please visit To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
