PHOENIX, US, May 25, 2021 - (JCN Newswire) - DENSO, a leading mobility supplier, has signed a long-term agreement with
aerospace leader Honeywell (NASDAQ: HON), establishing an alliance focused on electric propulsion units to meet new
aerospace needs. Drawing from their automotive and aerospace backgrounds, the companies will develop and manufacture
electric propulsion systems for aircraft, initially prioritizing the urban air mobility (UAM) segment with a focus on
air taxis and delivery vehicles.
DENSO and Honeywell are in advanced discussions with current and prospective customers and intend to deliver flight test
configurations of the electric propulsion systems within the next year. This focus on electrified power sources will not
only help the companies fulfill UAM's promise of providing cleaner, safer, more efficient, quieter and freer-moving
transportation in and between cities, but also strengthen each company's efforts to achieve carbon neutrality by 2035.
"Mobility needs are changing and this collaboration represents how DENSO is evolving to meet them," said Jiro Ebihara, a
senior executive officer and head of the Electrification Systems Business Group at DENSO Corporation. "While we have
committed to achieve a carbon-neutral society, we still need to reduce traffic and offer eco-friendly movement in
population-dense areas. Working with Honeywell will help address both these issues and furthers our goal of creating
mobility that is green and offers peace of mind."
The formal alliance follows the companies' initial teaming agreement in 2019. DENSO's ability to produce quality
components at mass scale paired with Honeywell's storied aerospace expertise makes for an alliance ready to take UAM to
new heights. Additionally, the alliance's electric propulsion systems will integrate seamlessly with Honeywell's
fly-by-wire, avionics and actuation systems, extracting the most thrust and lift from every watt of electricity.
"Honeywell technologies have helped power human flight for more than 100 years, and as electric propulsion for aircraft
takes shape, Honeywell will be at the forefront with partners like DENSO," said Dave Marinick, president, Engines & Power Systems, Honeywell Aerospace. "DENSO's leadership in automotive technology combined with our experience in
Aerospace will help bring about cleaner and smarter ways for people to move throughout the world."
Honeywell is one of the world's leading makers of electronics, engines and mechanical systems for aircraft. Its systems
fly on virtually every airliner in the sky, along with thousands of business jets and light aircraft. DENSO, meanwhile,
develops advanced technology and components for nearly every make and model of road vehicle in existence today.
The alliance with Honeywell enhances DENSO's Second Founding, the company's strategy to provide value beyond a
vehicle-centric focus and produce the core technologies for future mobility. It also bolsters DENSO's two great causes:
"Green" - acting environmentally friendly - and "Peace of Mind" - creating a safer and more seamless world for all.
These guide DENSO as it leverages its 30-plus years of electrification know-how to create cleaner, more efficient
mobility and will help the company reach its 2035 goal to be carbon neutral. Honeywell has also pledged to be carbon
neutral in its facilities and operations by 2035.
The two companies will work together to seek customers who can help transform how the world moves, making transportation
safer, more sustainable and efficient.
About DENSO
DENSO is a $44.6 billion global mobility supplier that develops advanced technology and components for nearly every
vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 200 facilities to produce
thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 168,000+ employees are
paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment.
Globally headquartered in Kariya, Japan, DENSO spent 10.0 percent of its global consolidated sales on research and
development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit https://www.denso.com/global.
In North America, DENSO is headquartered in Southfield, Michigan, and employs 27,000+ engineers, researchers and skilled
workers across 51 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,700+ employees
across 14 states (and the District of Columbia) and 41 sites. In fiscal year ending March 31, 2021, DENSO in North
America generated $9.3 billion in consolidated sales. DENSO is committed to advancing diversity and inclusion inside the
company and beyond - a principle that brings unique perspectives together, bolsters innovation and pushes DENSO forward.
Join us, and craft not only how the world moves, but also your career: densocareers.com. For more information, go to https://www.denso.com/us-ca/en/.
About Honeywell
Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft. The
Aerospace business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems,
mechanical components and more. Its hardware and software solutions create more fuel-efficient aircraft, more direct and
on-time flights and safer skies and airports. For more information, visit www.honeywell.com or follow us at @Honeywell_Aero.
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and
services; control technologies for buildings and industry; and performance materials globally. Our technologies help
everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our
world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.