|
Honeywell Incorporated evolved from a business formed in 1885 to produce furnace regulators and alarms. By 1912, the company, then known as Minneapolis Heat Regulator Company, patented the first electric motor approved by Underwriters Laboratories. In 1927, MHR merged with engineer Mark Honeywell's water heater generator firm. The new company began producing clocks and also expanded into making industrial controllers. In 1934, Minneapolis-Honeywell Regulator purchased Time-O-Stat Controls. MHR's inventions include the autopilot and the compact thermostat. It entered the computer market in 1955 through a joint venture with Raytheon. In 1963, the company changed its name to Honeywell Incorporated. In the 1980's, it produced computers under the name Honeywell Bull. By 1991, Honeywell no longer produced computers, focusing instead on automation control and sensors. Honeywell continued to grow, opening offices around the world. Today, Honeywell has operations in 95 countries through its joint ventures and subsidiaries. In fall 1999, Honeywell merged with German chemical company AlliedSignal. A public company, its stock (NYSE: HON) is included in the S&P500 Index.
|
Information Sources, Inc.