In view of persistent rumors about the well-being of Accutech/Adaptive Instruments, this press release from Adaptive Instruments' VP Wallace Lueders seems pretty clear:
ACCUTECH / ADAPTIVE INSTRUMENTS CORPORATION COMPLETES LICENSE AGREEMENT WITH
HONEYWELL INDUSTRIAL MEASUREMENT & CONTROL
Adaptive Instruments Corp.extends its Private Label supply relationship with
Honeywell Field Solutions by entering into a manufacturing license agreement with Honeywell.
In view of persistent rumors about the well-being of Accutech/Adaptive Instruments, this press release from Adaptive Instruments' VP Wallace Lueders seems pretty clear:
ACCUTECH / ADAPTIVE INSTRUMENTS CORPORATION COMPLETES LICENSE AGREEMENT WITH
HONEYWELL INDUSTRIAL MEASUREMENT & CONTROL
Adaptive Instruments Corp.extends its Private Label supply relationship with
Honeywell Field Solutions by entering into a manufacturing license agreement with Honeywell.
The two companies have entered into this agreement to achieve three major objectives:
Support the Honeywell OneWireless initiative;
Increase the wireless instrument manufacturing capacity in support of the strong wireless market acceptance and;
Further the objective of establishing an effective standard for Industrial Wireless platforms.
The agreement includes provisions to share Adaptive's design and manufacturing know-how
with Honeywell for the current XYR 5000 platform as well as establishing development
initiatives for new wireless instrumentation. The agreement was completed in May, 2007 and
joint project teams have been formed to address both the transfer of the Adaptive Instruments
manufacturing process information for the Honeywell XYR series wireless products as well as
initiate development of new wireless instruments which will be offered by Honeywell and
Accutech/Adaptive Instruments.
It is expected that Honeywell will begin manufacture of XYR 5000 instruments in late 2007.
Honeywell and Accutech will manage this start-up process to ensure that customers of each
company will not be affected by the start-up process. The process of incorporating additional
enhancements to the existing wireless platform will also be coordinated between Honeywell and
Adaptive Instruments to ensure maintenance of complete compatibility with the installed base of
each company.
Customer benefits resulting from this agreement will be seen in the improved use of the
individual strengths of Honeywell and Adaptive. These will include improved supply chain
response for Honeywell in supporting the XYR platform as well as an increase in the availability
of new asset management and product solutions using industrial wireless platforms from both
Honeywell and Accutech. The launch of the first wireless sensor product resulting from this
agreement is expected in the later part of 2007.
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