Technology
Direct Air Capture Device Market Growing at 76.8% CAGR | Surging Demand in Energy, Food & Greenhouse Applications | Valuates Reports
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1 year agoon
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BANGALORE, India, May 23, 2025 /PRNewswire/ — Direct Air Capture Device Market is Segmented by Type (Liquid Adsorption, Solid Adsorption), by Application (Food and Beverage, Greenhouse, Energy, Fuel).
The Global Direct Air Capture Device market was valued at USD 25.9 Million in 2024 and is anticipated to reach USD 1340 Million by 2031, witnessing a CAGR of 76.8% during the forecast period 2024-2031.
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Major Factors Driving the Growth of Direct Air Capture Device Market:
The global direct air capture device market is experiencing accelerated growth due to increasing pressure to achieve net-zero targets and offset residual emissions. With the convergence of policy support, technological innovation, and corporate responsibility, DAC devices are becoming central to climate mitigation strategies. Investment in R&D, integration with CCS and renewable energy, and expanding carbon markets are collectively fostering a robust ecosystem for DAC deployment. As adoption spreads across industries and regions, the market is expected to evolve rapidly, with scalability and cost reduction playing pivotal roles in determining future growth trajectories.
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TRENDS INFLUENCING THE GROWTH OF THE DIRECT AIR CAPTURE DEVICE MARKET:
The automotive industry is significantly contributing to the growth of the direct air capture (DAC) device market due to its role as a primary source of carbon emissions. As global regulatory bodies enforce stricter emission norms on vehicle manufacturers, there is a growing demand for innovative carbon offset technologies like DAC systems. Automakers are increasingly investing in carbon removal projects to achieve net-zero emissions and offset the environmental footprint of internal combustion engines. Additionally, the transition towards electric vehicles does not immediately eliminate supply chain emissions, which further fuels the adoption of DAC technologies. These devices are also being integrated into sustainable vehicle lifecycle models, providing a practical pathway for automotive companies to contribute to climate goals while enhancing brand value.
The synergy between Carbon Capture and Storage (CCS) infrastructure and direct air capture (DAC) devices plays a critical role in market expansion. CCS facilities provide a viable end-use solution for the captured CO₂ from DAC systems, enabling long-term geological storage or utilization in industrial processes. The growth of CCS networks in regions like North America and Europe makes it economically feasible to deploy DAC devices at scale, reducing logistical challenges related to CO₂ storage. Additionally, many government-backed CCS projects include DAC as part of integrated carbon management frameworks, leading to increased public and private funding for DAC technologies. As CCS adoption accelerates, it directly enhances the commercial and environmental viability of DAC, positioning it as a key component of decarbonization roadmaps across various industries.
Liquid adsorption is a fundamental mechanism in many DAC devices, and its refinement is driving the broader market growth. This technique leverages specialized solvents to selectively capture CO₂ molecules from ambient air, offering higher efficiency and lower energy requirements compared to other methods. The scalability and modularity of liquid-based DAC systems make them suitable for diverse applications, from industrial settings to urban carbon capture projects. Continuous advancements in solvent chemistry are also improving carbon capture rates and reducing operational costs, making liquid adsorption more attractive to commercial stakeholders. Furthermore, liquid systems integrate seamlessly with downstream carbon utilization processes, enhancing the circular economy potential of DAC technologies and driving investments in this segment.
A surge in corporate pledges to achieve net-zero emissions is boosting demand for DAC devices. Multinational corporations in sectors such as tech, retail, and manufacturing are seeking reliable methods to counterbalance their residual carbon footprints. DAC devices offer a measurable and verifiable solution for carbon removal, which aligns with Environmental, Social, and Governance (ESG) reporting metrics. These commitments are pushing companies to invest in DAC projects or partner with startups and technology providers. As investors and consumers pressure firms to demonstrate environmental accountability, DAC emerges as a preferred tool in long-term sustainability strategies, fueling consistent market demand.
Government incentives and regulatory frameworks are crucial in propelling the DAC device market forward. Policy instruments such as carbon pricing, tax credits, and public funding for negative emission technologies are creating favorable conditions for DAC deployment. For instance, initiatives like the U.S. 45Q tax credit and the EU Innovation Fund specifically support DAC-related projects. These programs reduce financial barriers and encourage pilot projects and commercial-scale implementations. In addition, climate policies increasingly recognize DAC as an essential element of national emission reduction strategies, prompting both private and public sectors to collaborate in deploying scalable DAC solutions.
Industries with hard-to-abate emissions, such as cement, steel, and aviation, are adopting DAC devices to meet decarbonization targets. These sectors often face limited options for direct emission reduction, making DAC a strategic alternative. Co-locating DAC systems near industrial plants allows for localized carbon offsetting and enhances operational sustainability. Moreover, integrating DAC with carbon utilization processes—like synthetic fuel production—opens up additional revenue streams. This industrial application is reinforcing DAC’s role in comprehensive decarbonization strategies and generating demand from sectors with high carbon liabilities.
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DIRECT AIR CAPTURE DEVICE MARKET SHARE
The direct air capture device market shows prominent growth across North America, Europe, and parts of Asia-Pacific. North America leads due to strong policy incentives, large-scale pilot projects, and the presence of key market players. Europe follows closely, driven by ambitious climate targets and public-private partnerships promoting carbon removal.
The Asia-Pacific region, particularly countries like Japan and South Korea, is beginning to invest in DAC technologies as part of long-term emission control strategies. Regional market dynamics are also shaped by the availability of renewable energy, CCS infrastructure, and public awareness of climate issues, which influence adoption rates.
Key Companies:
CarbonCapture IncCarbon EngineeringGlobal ThermostatClimeworksSustaeraHeirloomCarbfixMission ZeroAirCapture LLC
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– Passive Direct Air Capture Market
– The global market for Large-scale Direct Air Capture (DACS) Facilities was valued at USD 355 Million in the year 2023 and is projected to reach a revised size of USD 801 Million by 2030, growing at a CAGR of 11.1% during the forecast period.
– The global market for Membrane-Based Direct Air Capture Technology was valued at USD 32 Million in the year 2024 and is projected to reach a revised size of USD 112 Million by 2031, growing at a CAGR of 11.6% during the forecast period.
– Direct Air Capture and Storage Technology Market
– The global Direct Air Capture Machines market was valued at USD 15 Million in 2023 and is anticipated to reach USD 468.2 Million by 2030, witnessing a CAGR of 76.8% during the forecast period 2024-2030.
– Direct Air Carbon Capture and Storage (DACCS) Market
– The global market for Carbon Capture was estimated to be worth USD 4.41 billion in 2023 and is forecast to a readjusted size of USD 6.89 Billion by 2030 with a CAGR of 6.6% during the forecast period 2024-2030.
– Commercial Carbon Capture market was valued at USD 1265 Million in 2023 and is anticipated to reach USD 2552 Million by 2030, witnessing a CAGR of 10.3% during the forecast period 2024-2030.
– Industrial Scale Carbon Capture Market
– The global market for Carbon Capture Blowers was valued at USD 647 Million in the year 2024 and is projected to reach a revised size of USD 918 Million by 2031, growing at a CAGR of 5.6% during the forecast period.
– Stationary Carbon Capture Unit Market
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Technology
Keeper Security Introduces Universal Secrets Sync to Eliminate Credential Drift Across Cloud Environments
Published
48 minutes agoon
June 15, 2026By
New KeeperPAM capability automatically distributes rotated secrets to AWS, Azure and Google Cloud in a single rotation event with no manual steps or drift
CHICAGO, June 15, 2026 /PRNewswire/ — Keeper Security, the leading zero-trust and zero-knowledge identity security and Privileged Access Management (PAM) platform, is announcing the availability of Keeper Universal Secrets Sync, which launched on June 4th. The new capability within KeeperPAM® automatically distributes credentials and secrets to external secrets managers and cloud platforms the moment they rotate, closing the gap between stored secrets and what’s actually running in production.
For organizations managing secrets across multi-cloud environments, the risk is not only exposure – it’s drift. When credentials stored in a PAM platform fall out of sync with what is running in production pipelines, the consequences range from access failures and delayed incident response to shadow secrets that carry active privileges no security team can see, govern or revoke. Global research has found that 86% of IT and security leaders agree their organization would benefit from a PAM solution, yet even among organizations with PAM in place, 46% still struggle to manage privileged access consistently across cloud and hybrid environments. Universal Secrets Sync closes that gap.
Automatic Distribution Across Every Cloud Target
Keeper Universal Secrets Sync monitors one or more Keeper Secrets Manager shared folders and automatically distributes the contents to configured cloud targets, including AWS Secrets Manager, Azure Key Vault and Google Cloud Secret Manager. When a secret rotates in KeeperPAM, every cloud environment receives the updated credential automatically, with no manual exports, no custom integration scripts and no reconfiguration after rotation required.
Additional capabilities include:
Automatic sync – Any change to a secret in a linked shared folder triggers an automatic push to all connected cloud targets. No manual action is required; the Gateway processes and distributes the update in the background.Dry Run mode – Security teams preview exactly what will change before any secret is distributed, making Universal Secrets Sync compatible with change control requirements and environments that require additional oversight.Multi-folder sync – Secrets from multiple Keeper shared folders can be synchronized in a single configuration.Sync Identity – Administrators can specify a dedicated IAM role, managed identity or service account, with least-privilege access to the secrets store, for the Keeper Gateway to assume during sync operations.Error recovery – Missing secrets and permission errors are surfaced automatically, reducing the risk of sync failures going undetected.
“Secrets drift is one of the most underappreciated risks in enterprise security programs,” said Craig Lurey, CTO and Co-founder of Keeper Security. “Organizations unknowingly leave stale credentials active in downstream cloud environments when distribution is manual. Universal Secrets Sync makes distribution automatic and auditable. Every secret rotation updates to all connected targets simultaneously, with Dry Run mode giving teams full visibility into what will change before anything is written.”
Flexible Retrieval for Every Workload
Universal Secrets Sync gives developers the right access path for each use case. Cloud-native applications that demand high throughput and low latency continue reading directly from AWS Secrets Manager, Azure Key Vault or Google Cloud Secret Manager using familiar native SDKs and IAM controls – ideal for services performing hundreds of thousands or millions of retrievals per day. For CI/CD pipelines, scripts, internal tools and services running outside the cloud, developers retrieve secrets directly from Keeper Secrets Manager via the KSM SDK or CLI, with full zero-knowledge protection end-to-end. The result is a single source of truth with two complementary access patterns – fast, native retrieval where scale matters, and direct KSM access where reach and zero-knowledge control matter most.
Keeper Universal Secrets Sync is available now as part of KeeperPAM and is included in existing KeeperPAM licenses. Existing customers should contact their Keeper customer success manager to enable this feature. New customers can request a demo at keepersecurity.com.
About Keeper Security
Keeper Security is the leading zero-trust and zero-knowledge identity security solution, trusted by millions of people and thousands of organizations globally. KeeperPAM® is Keeper’s privileged access management platform that unifies password and passkey management, secrets management, privileged session management and endpoint privilege management in a single cloud-native platform, protected with quantum-resistant encryption. KeeperAI delivers real-time, AI-native threat detection across every privileged session. As AI agents proliferate and identity becomes the defining attack surface, Keeper governs access for humans, machines, non-human identities and AI agents, serving as the unified control plane for access, compliance and visibility across the enterprise. For more information, visit KeeperSecurity.com.
Learn more: KeeperSecurity.com
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Media Contact
Katherine Benfield
ICR for Keeper Security
KeeperSecurity@icrinc.com
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SOURCE Keeper Security
Technology
Tripadvisor Enters into Agreement to Sell TheFork to American Express for $700 Million
Published
48 minutes agoon
June 15, 2026By
Transaction highlights the value of Tripadvisor’s portfolio and enables greater focus on experiences
NEEDHAM, Mass., June 15, 2026 /PRNewswire/ — Tripadvisor, Inc. (NASDAQ: TRIP) (the “Company”) today announced it has entered into a put option agreement to sell TheFork, its online restaurant reservation and management platform in Europe, to American Express for $700 million in an all-cash transaction.
The agreement follows Tripadvisor’s February 2026 announcement that it would explore strategic alternatives for TheFork. It recognizes the value created in the business over more than a decade, and allows Tripadvisor to focus even more fully on its Experiences strategy.
“This agreement reflects two things we believe deeply: the tangible value across Tripadvisor Group’s portfolio and our ongoing focus on the opportunity we see ahead in Experiences,” said Matt Goldberg, CEO, Tripadvisor Group. “We’re proud of what we’ve built with TheFork and grateful for the team’s work to secure a leading position in European dining. I’m confident that we’ve found an ideal home for them and look forward to expanding our relationship with American Express in the future.”
The transaction is expected to provide Tripadvisor with significant flexibility to accelerate its capital return policy, maintain a well-capitalized balance sheet, and continue investing in its Experiences business to drive shareholder value. The companies also see opportunities to build on their existing relationship and deliver additional value to travelers over time.
“In addition to welcoming TheFork to the American Express family, we’re excited about the opportunity to deepen our relationship with Tripadvisor going forward,” said Stephen Squeri, Chairman and CEO, American Express. “By building on our shared strengths across dining, travel, and experiences, we have opportunities to create even greater value for customers and partners.”
The proposed transaction is expected to close before the end of 2026, subject to labor consultation and customary closing conditions, including regulatory approvals. The Company anticipates minimal tax cost from the sale of TheFork, with net proceeds expected to closely approximate the gross proceeds. Potential uses of proceeds include share repurchases, debt paydown, or inorganic investment within the experiences category.
As of the first quarter of 2026, the Company’s last reported period, the last twelve-month revenue for TheFork was $232 million and adjusted EBITDA for TheFork segment for the same period was $28 million.
Advisors
Goldman Sachs served as financial advisor and Goodwin Procter LLP and Reed Smith LLP served as legal advisors to Tripadvisor and TheFork.
Note on Segment Adjusted EBITDA
We refer to segment adjusted EBITDA as a measure of segment profitability because it is the measure of profit or loss for our reportable segments provided to our Chief Operating Decision Maker (CODM) in accordance with U.S. GAAP for segment reporting. Segment adjusted EBITDA is a key performance measure used by our CODM and Board of Directors to evaluate our individual operating segments. We define adjusted EBITDA as net income (loss) plus: (1) (provision) benefit for income taxes; (2) other income (expense), net; (3) depreciation and amortization; (4) stock-based compensation; (5) goodwill, long-lived asset, and intangible asset impairments; (6) legal reserves, settlements and other (including indirect tax reserves related to audit settlements and the impact of one-time changes resulting from enacted indirect tax legislation); (7) restructuring and other related reorganization costs; (8) transaction related expenses (including non-operational costs related to significant shareholder activism, which includes third-party advisory, legal, and other professional fees); and (9) non-recurring expenses and income unusual in nature or infrequently occurring.
About Tripadvisor, Inc.
The Tripadvisor Group connects people to experiences worth sharing, and aims to be the world’s most trusted source for travel and experiences. We leverage our brands, technology, and capabilities to connect our global audience with partners through rich content, travel guidance, and two-sided marketplaces for experiences, restaurants, and other travel categories such as hotels. The subsidiaries of Tripadvisor, Inc. (Nasdaq: TRIP), include a portfolio of travel brands and businesses, including Tripadvisor, Viator, and TheFork.
Cautionary Note Regarding Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding the proposed sale of Tripadvisor’s TheFork business to American Express, the anticipated benefits, related agreements and timing of the transaction and potential uses of proceeds. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.
Key factors that could cause such differences include: whether or when the required employee works council consultation processes are completed; the ability of the parties to successfully execute a definitive purchase agreement following exercise of the put option; the satisfaction of closing conditions, including obtaining regulatory and antitrust approvals; difficulties or unexpected costs relating to segregating the integrated technology data and platform of TheFork from our retained operations and anticipated benefits for Tripadvisor as a result of the proposed transaction do not fully materialize; risks related to disruption of management time; the operational risk of running our core business without the integrated data platform of TheFork; and the potential for material adjustments to net working capital or unforeseen tax consequences related to the divestiture. Tripadvisor expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement to reflect any change in Tripadvisor’s expectations with regard thereto or any change in events, conditions or circumstances on which such statement is based. Please refer to the publicly filed documents of Tripadvisor, including its most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports Tripadvisor subsequently filed with the SEC, for additional information about Tripadvisor and about the risks and uncertainties related to Tripadvisor’s business which may affect the statements in this release.
TRIP-G
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Technology
HONEYWELL BOARD OF DIRECTORS APPROVES SPIN-OFF OF HONEYWELL AEROSPACE
Published
48 minutes agoon
June 15, 2026By
Spin-off distribution is expected to occur on June 29, 2026Honeywell Aerospace will be a leading global tier-1 aerospace and defense supplier of mission critical systems and technologiesHoneywell Technologies will be a global leader of the industrial world’s transition from automation to autonomy
CHARLOTTE, N.C., June 15, 2026 /PRNewswire/ — Honeywell (NASDAQ: HON) today announced that its Board of Directors has formally approved the planned spin-off of Honeywell Aerospace. This approval represents a significant milestone in the separation process, which remains on track for completion on June 29, 2026. Following the completion of the spin-off, the remaining pure-play automation company will be known as Honeywell Technologies.
At 12:01 a.m. New York City time on June 29, 2026 (the “Distribution Date”), Honeywell will distribute all of the issued and outstanding shares of Honeywell Aerospace common stock pro rata to Honeywell shareowners of record on June 15, 2026 (the “Record Date”), on the basis of one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock held as of the close of business on the Record Date. The distribution is subject to the satisfaction or waiver of certain conditions, as set forth in the form of Separation and Distribution Agreement filed with the U.S. Securities and Exchange Commission (“SEC”) as part of Honeywell Aerospace’s registration statement on Form 10, which was declared effective by the SEC on June 11, 2026.
“Today’s announcement clears the path to establishing two independent industry leaders in Honeywell Aerospace and Honeywell Technologies and also reflects our significant portfolio transformation over the past three years,” said Vimal Kapur, Chairman and CEO of Honeywell. “With clear strategies and growth drivers that build on Honeywell’s century-long legacy, we are confident that both companies will be well-positioned to maximize long-term value for customers, employees and shareowners.”
Honeywell Aerospace common stock is expected to begin trading on the Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “HONAV” on a “when-issued” basis on or about June 15, 2026. Honeywell Aerospace common stock is expected to begin “regular-way” trading on Nasdaq under the ticker symbol “HONA” on June 29, 2026. Following the separation, Honeywell Technologies will continue to trade on the Nasdaq under the ticker “HON.”
Beginning on or about June 15, 2026 and continuing through June 26, 2026, it is expected that there will be two markets in Honeywell common stock on Nasdaq: a “regular-way” market under Honeywell’s current ticker symbol “HON”, in which Honeywell shares will trade with the right to receive shares of Honeywell Aerospace common stock on the Distribution Date, and an “ex distribution” market under the ticker symbol “HONIV”, in which Honeywell shares will trade without the right to receive shares of Honeywell Aerospace common stock on the Distribution Date.
As previously announced, a 1-for-2 reverse stock split of Honeywell Technologies common stock will immediately follow the spin-off along with a proportionate reduction in the Company’s number of authorized shares of common stock, subject to and contingent on the completion of the Honeywell Aerospace spin-off.
About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world’s toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology that help make the world smarter and safer as well as more sustainable.
Additional Information
Honeywell uses our Investor Relations website, www.honeywell.com/investor, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media.
Forward-Looking Statements
Certain statements in this release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. Some of the important factors that could cause Honeywell’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: (i) the ability of Honeywell to effect the spin-off transaction described above and to meet the conditions related thereto; (ii) the possibility that the spin-off transaction will not be completed within the anticipated time period or at all; (iii) the possibility that the spin-off transaction will not achieve its intended benefits; (iv) the impact of the spin-off transaction on Honeywell’s businesses and the risk that the spin-off transaction may be more difficult, time-consuming or costly than expected, including the impact on Honeywell’s resources, systems, procedures and controls, diversion of management’s attention and the impact and possible disruption of existing relationships with regulators, customers, suppliers, employees and other business counterparties; (v) the possibility of disruption, including disputes, litigation or unanticipated costs, in connection with the spin-off transaction; (vi) the uncertainty of the expected financial performance of Honeywell or Honeywell Aerospace following completion of the spin-off transaction; (vii) negative effects of the announcement or pendency of the spin-off transaction on the market price of Honeywell’s securities and/or on the financial performance of Honeywell; (viii) the ability to achieve anticipated capital structures in connection with the spin-off transaction, including the future availability of credit and factors that may affect such availability; (ix) the ability to achieve anticipated tax treatments in connection with the spin-off transaction and future, if any, divestitures, mergers, acquisitions and other portfolio changes and the impact of changes in relevant tax and other laws; (x) the failure to realize expected benefits and effectively manage and achieve anticipated synergies and operational efficiencies in connection with the spin-off transaction and completed and future, if any, divestitures, mergers, acquisitions, and other portfolio management, productivity and infrastructure actions; and (xi) the possibility that the reverse stock split and authorized share reduction will not be completed within the anticipated time period or at all, including due to a failure of the spin-off transaction to occur. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K and other filings with the SEC. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.
Honeywell Contacts:
Media
Investor Relations
Stacey Jones
Mark Macaluso
(980) 378-6258
(704) 627-6118
Honeywell Aerospace Contacts:
Media
Investor Relations
Brian Grace
Sean Meakim
(602) 897-0205
(704) 627-6200
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SOURCE Honeywell
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