Honeywell Invests in Trinity Mobility, to Accelerate Smart Cities Leadership
Honeywell (NYSE: HON) today announced a strategic investment in Trinity Mobility Private Limited, an India-based software company and provider of the leading IoT Smart Cities platform and software applications. This strategic investment will allow Honeywell to expand its smart cities capabilities by providing access to Trinity’s Smart City solutions, which integrate information from various systems across a city in a common interface and allow operators to better assess, operate and manage the city’s connected infrastructure.
The strategic investment will structured to provide Honeywell full ownership of Trinity Mobility. It will also allow Honeywell to fully partner with cities that are expanding their smart city deployments or integrating new systems. “Many of the world’s cities are facing significant operational and sustainability challenges stemming from urbanization, including unexpected crises, infrastructure issues, environmental and safety concerns, and the expanding needs of citizens. The combined capabilities of Honeywell and Trinity can allow cities of all sizes to improve services and provide a better experience for their citizens. In addition, the data generated from these technologies can help improve cities’ ability to plan, helping create a more hospitable and livable environment for its citizens,” said Vimal Kapur, President & CEO, Honeywell Building Technologies.
“We look forward to expanding our relationship with Honeywell to offer customers a complete technology solution for the complex integrations that are needed to create a truly smart city. Our combined expertise and Smart Cities IoT platform provide tremendous connected opportunities for smart city solutions globally for both existing and emerging cities to meet their sustainability and productivity goals as well as create a more engaging citizen experience,” said M Ashok Kumar (Mak), Founder and CEO, Trinity, which is a Bangalore-based company.
Trinity creates software solutions that help manage large, complex installations like those needed for smart cities. Honeywell and Trinity have worked together for more than five years to deploy multiple smart city projects, including Faridabad in Haryana and the New Administrative Capital of Egypt. Honeywell’s strategic investment will allow it to expand the reach of its smart cities capabilities to additional international markets.