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HONEYWELL BOARD OF DIRECTORS APPROVES SPIN-OFF OF HONEYWELL AEROSPACE

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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

Stacey.Jones@honeywell.com

Mark.Macaluso@honeywell.com

Honeywell Aerospace Contacts:

Media

Investor Relations

Brian Grace

Sean Meakim

(602) 897-0205

(704) 627-6200

Brian.Grace@HoneywellAerospace.us

Sean.Meakim@HoneywellAerospace.us

 

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AFTER YEARS OF DEMAND, SALTBOX LAUNCHES FIRST ILLINOIS LOCATION WITH 114-SUITE ELMHURST OPERATIONS FACILITY THIS FALL

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The nation’s leading operations hub helping product-based businesses scale beyond the garage or spare bedroom is bringing its co-warehousing model to IL, celebrating with the launch of a new “Made in Chicago” grant, offering the winner $5,000 toward their start.

ELMHURST, Ill., Sept. 10, 2026 /PRNewswire/ — Saltbox, the operations hub for product-based businesses with 13 locations across the US, announces the opening of its first Chicago-area location in Elmhurst this Fall. The 114-suite facility at 934 N. Church Rd. will bring flexible warehouse and office space, loading docks and an on-site operations team to the Chicago market. Designed for businesses that have outgrown working from a garage, spare bedroom, or fragmented collection of storage and office spaces but aren’t ready to commit to a traditional warehouse, Saltbox will give growing businesses the ability to expand their operations. Its co-warehousing model combines private warehouse and office suites with the shared infrastructure businesses need to receive inventory, prepare orders, and ship products.

“Chicago has been one of the markets our members have requested most,” said Olivia Mariani, VP of Marketing at Saltbox. “Product-based businesses are increasingly operating across multiple regions to get inventory closer to their customers, reduce shipping costs, and build more resilient operations. Chicago gives our members a critical Midwest hub while bringing the Saltbox model to a new community of entrepreneurs and operators.”

Members receive month-to-month access to loading docks, mail and package receiving, daily carrier pickups, equipment, conference rooms, a content studio, high-speed Wi-Fi, printing, in-suite power, 24/7 security and reserved parking. Kitchen, workspace, and community areas give founders and their teams room to work beyond the warehouse floor.

The on-site operations team is central to the Saltbox model. Team members receive inventory, bring it to members’ suites, support carrier handoffs, and help solve day-to-day workflow challenges. Businesses can also access Saltbox Fulfillment and S.O.S. (Saltbox Operations Support) for additional hands-on help as their volume and operational needs change.

“Space is only the starting point,” said Katerina Cirilli, CEO of Saltbox. “We built Saltbox to help members run the operation around their products, in an environment where the people, equipment, and infrastructure are already in place. Chicago’s economy has always been shaped by builders and makers, and we believe they deserve an operating home that can keep up with their ambition.”

The Saltbox team chose Elmhurst so that Chicagoland founders and their teams could run their operations closer to home, instead of the common scenario of needing to drive long distances to industrial corridors separated far apart from the rest of their day. The new facility will be situated just minutes from downtown Elmhurst, offering a walkable stretch of restaurants, coffee shops, and services nearby.

The Elmhurst location places members near the transportation routes and commercial communities that power the Chicago region. The I-290 and I-294 interchange is approximately five minutes away, O’Hare International Airport is within a short drive and Elk Grove Village, one of the country’s largest industrial parks, is seven miles from the facility, with downtown Elmhurst about two miles away, keeping restaurants, services and other amenities accessible to members and their teams.

Suites range from 88 to 1,809 square feet: smaller suites accommodate approximately four pallets and one or two people, giving emerging businesses a practical next step after outgrowing the home, while larger suites can hold as many as 125 pallets and provide room for a full team managing fulfillment under one roof. The building also incorporates details from Elmhurst’s history, with conference rooms named Salt Creek, after the waterway where the area’s earliest settlers made their homes, and Cottage Hill, the community’s original name from 1845 to 1869.

“I’ve been walking this building since it was bare concrete while also training for the Chicago Marathon,” said Lucy Voss, VP of Operations at Saltbox. “Both take the same thing: showing up consistently, including on the days when the work is hard. That’s something Chicago business owners understand well. We’re building this location for the people doing that work every day.”

Saltbox Elmhurst is designed for ecommerce and direct-to-consumer brands, consumer packaged goods companies, wholesalers, and businesses handling light assembly or kitting, along with project pros, designers and industrial operators who need functional space, dock access and operational support without building those capabilities themselves. It’s not intended for businesses that only need inexpensive storage, a self-storage unit may be a better fit there, but for teams actively shipping, receiving and managing physical operations, Saltbox offers more control, visibility and flexibility than a fully outsourced model can provide.

To celebrate the company’s commitment to supporting small businesses, Saltbox is proud to launch the Made in Chicago Grant, awarding one qualified Chicago-area product or ecommerce business a $5,000 credit toward membership at Saltbox Elmhurst in honor of their opening. The grant is open to eligible businesses throughout Chicagoland and the western suburbs, including Elmhurst, DuPage County, Elk Grove Village and Oak Brook. One winner will be selected at random from qualified entrants and announced at the grand opening ceremony in the fall. The credit applies to Saltbox membership fees and does not cover additional services, and no purchase is necessary to enter. Businesses can enter and review the complete eligibility requirements at saltbox.com/made-in-chicago-grant.

Businesses interested in becoming among the first Saltbox Elmhurst members can also join the Chicago waitlist at saltbox.com/location/chicago-elmhurst. Waitlist members will receive early access to tour availability and membership information.

ABOUT SALTBOX

Saltbox is an operations hub for product-based businesses, offering co-warehousing, flexible workspace, Saltbox Fulfillment, and hands-on operational support to help teams run their day-to-day operations.

By bringing the infrastructure needed to operate a physical-products business under one roof, Saltbox gives members more control, visibility, and flexibility without the overhead and rigidity of a traditional warehouse or the loss of control that can accompany a fully outsourced solution.

Founded in 2019, the Saltbox network includes 13 locations across nine major U.S. markets, with ongoing expansion underway. Learn more at saltbox.com.

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AKEEYO Launches XPRO, a Custom-Fit 4K Dash Cam Built for the Toyota RAV4

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Officially authorized Sony STARVIS 2 imaging, a factory-style install in about four minutes, and no cables running down the windshield. Now available in North America.

SHENZHEN, China, Sept. 10, 2026 /PRNewswire/ — AKEEYO Global today announced the XPRO, a vehicle-specific 4K dash cam engineered exclusively for the Toyota RAV4. XPRO replaces the original plastic housing behind the rearview mirror and draws power from a connection point already located near the mirror, so there is no suction mount, no cable taped down the windshield, and no visible hardware on the dashboard.

The RAV4 is one of the highest-volume vehicles on North American roads, and its owners have long faced the same compromise. Universal dash cams record well but hang off the glass. Vehicle-specific models look clean but often fall short on imaging, connectivity, or long-term durability. XPRO was built to close that gap.

Imaging that AKEEYO can document, not just claim

XPRO records true 4K at 25fps through a Sony STARVIS 2 IMX678 sensor paired with an F1.08 large aperture and HDR. AKEEYO sources the sensor through authorized supply channels and holds written confirmation from Sony verifying its use, a level of documentation that is uncommon in a category where sensor names are frequently listed without evidence.

The practical result shows up after dark. Tunnels, unlit residential streets, oncoming headlights, and the high-contrast moment when a car exits a parking structure into daylight are exactly the conditions that flatten most footage into an unusable blur. The combination of a larger aperture, 4K resolution, and HDR is intended to keep plate characters, lane markings, and vehicle detail legible when a clip actually needs to be reviewed.

A four-minute install with nothing left behind

Installation requires no drilling, cutting, wire splicing, or fuse-box work for standard driving recording. Owners remove the original mirror cover with the included trim tool, plug in the supplied adapter, tuck the cable inside the XPRO housing, and press the unit into the factory mounting position. Start the vehicle and XPRO begins recording automatically.

The install is fully reversible. XPRO can be removed and the original mirror housing reinstalled at any time, which matters for leased vehicles and for resale.

XPRO ships in two housing designs to match RAV4 production variations. The version without vent openings fits select 2019 to 2024 RAV4 models and the 2022 RAV4 Prime. The version with vent openings fits select 2022 to 2025 models. Because mirror housings vary by model year, trim, and market, AKEEYO asks buyers to match the reference images rather than rely on model year alone, and offers a free fit-check by email for anyone unsure.

Built for a car that sits in the sun

A parked cabin in Phoenix or Dallas can reach temperatures that destroy conventional lithium batteries. XPRO uses an automotive-grade supercapacitor instead, backed by a six-layer ENIG circuit board with gold-finished contacts that resist oxidation and corrosion. The camera is rated for operation from minus 4°F to 158°F.

Evidence retrieval without pulling the card

Loop recording keeps coverage continuous, and a three-level G-sensor locks the current clip when an impact is detected so it survives overwriting. Voice commands let drivers photograph or lock a clip without reaching for the camera, and spoken alerts confirm recording, Wi-Fi, audio, and storage status.

Dual-band Wi-Fi on 2.4GHz and 5GHz connects XPRO to the AKEEYO app for live preview, playback, and downloads of up to 20MB/s under suitable conditions. Drivers can save the clip they need directly to a phone at the roadside without removing the microSD card.

Optional GPS and parking protection

The optional GPS Module records route, speed, direction, location, and time alongside footage, with synchronized video and map playback in the AKEEYO app or the desktop player. For coverage after the engine is off, an optional ACC Hardwire Kit or OBD Power Cable enables time-lapse parking monitoring with impact protection and low-voltage cutoff to help protect the vehicle battery.

Pricing and availability

XPRO for Toyota RAV4 is available now at akeeyo.com, priced at $289 USD. The package includes the XPRO camera, the compatible mirror power adapter, an installation trim tool, a 64GB microSD card, and documentation. Storage is supported up to 256GB. XPRO is a front-facing single-channel camera and does not include a rear camera. Every unit is covered by a 30-day money-back guarantee and an 18-month replacement warranty.

Launch offer: use code XPRO25 at checkout for 25% off the XPRO camera and 25% off all XPRO accessories, including the GPS Module, ACC Hardwire Kit, and OBD Power Cable.

Product page: https://www.akeeyo.com/products/xpro-rav4

About AKEEYO

AKEEYO Global develops recording and safety hardware for cars, motorcycles, and bicycles, including the AKY-V360S mirror dash cam, the NV-X2 night vision system, and the AKY-730Pro two-wheeler camera. The company designs its products around genuine, documented imaging components and automotive-grade construction, and supports customers worldwide through its global service network.

AKEEYO Global: https://www.akeeyo.com/

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Relate Names Kristy McCann Flynn Co-Founder as Company Accelerates Growth

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Veteran HR technology founder and people executive joins Relate’s founding team to help scale its mission to transform everyday conversations into opportunities for development, stronger relationships, and better performance.

LEXINGTON, Mass., Sept. 10, 2026 /PRNewswire/ — Relate, the AI relationship intelligence platform helping people and organizations understand and improve how they communicate, today announced that Kristy McCann Flynn has joined the company as Co-Founder.

The announcement marks the next stage of Relate’s growth as the company expands its platform, customer base, and vision for using AI to make meaningful development part of the conversations people are already having every day.

McCann Flynn is a longtime HR technology founder, operator, investor, and people leader who has spent more than 25 years at the intersection of people, culture, and technology. She previously co-founded and served as CEO of SkillCycle, where she raised more than $15 million and helped scale the company through rapid growth with Inc 5000 growth recognition over multiple years. Her career also includes senior HR and transformation roles across organizations including Pearson, Constant Contact, MoneyLion, Richemont, and Western Asset Management.

As Co-Founder, McCann Flynn will work alongside Relate’s existing founding team to accelerate customer growth, strategic partnerships, fundraising, product strategy, and market expansion, while bringing the voice of HR leaders and enterprise buyers directly into the company’s roadmap.

“Relate has everything I look for in a company: the people, the potential, the product, the passion, and a genuinely huge problem worth solving,” said McCann Flynn. “Every day, conversations shape relationships with customers, prospects, employees, and managers. Relate has the opportunity to turn those moments into continuous development and stronger relationships at scale. I’m incredibly excited to join this team as a co-founder and help build what comes next.”

McCann Flynn’s appointment comes during a period of growing momentum for Relate. The company was recently recognized by G2 as a Best New Software Product for 2026 and continues to expand its technology and reach. Most recently, Relate introduced Vocal Intelligence, extending its analysis beyond transcripts to include factors such as tone, energy, pace, humor, and conversational dynamics.

“Kristy has a powerful combination of founder, operator, buyer and evangelist experience,” said Tom Keenan, Co-Founder of Relate. “She understands what it takes to build a company, but she also understands what it takes for new technology to earn trust inside an organization. That’s incredibly important for where Relate is going.”

About Relate

Relate is an AI relationship intelligence platform built to help people become better at the conversations that matter. Grounded in decades of trust research, Relate combines conversational AI and Vocal Intelligence to analyze both what is said and how it is communicated, giving individuals personalized coaching while helping leaders understand communication patterns, development opportunities, and relationship health across their teams.

Unlike traditional AI meeting tools focused primarily on notes and summaries, Relate turns everyday conversations into opportunities for continuous learning and development.

Learn more at relate.us.

Press Contact

Name Dan Mather

Email dmather@relate.us

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