Honeywell Forms Global Strategic Alliance with NCR Corporation
Collaboration to deliver technology solutions to retail, supply chain and government customers
FORT MILL, S.C., Jan. 18, 2016 – Honeywell (NYSE: HON) announced today that it has signed a memorandum of understanding with NCR Corporation (NYSE: NCR) to form a global strategic alliance to develop new service solutions combining the core competencies of both firms in support of the retail, supply chain and government sectors.
Customers will benefit from future hardware and software solutions resulting from the collaboration of the two firm’s capabilities, intellectual property and resources.
The alliance will focus on delivering technology solutions to customers in key sectors, including: retail point-of-sale, supply chain distribution, public sector and federal government information services. With this partnership, Honeywell and NCR will collaborate in markets in North America and Europe and will also evaluate opportunities in high growth regions such as India.
“This alliance brings together two global firms with complementary service offerings in the retail market,” said John Waldron, president, Honeywell Sensing and Productivity Solutions. “Our customers need new technology solutions to become more efficient and deliver a better in-store shopping experience to boost profitability. Honeywell has a long history of working with NCR, and I am pleased to strengthen our strategic relationship globally.”
“We are looking forward to working with Honeywell as we continue to help retailers navigate from omni-channel to omni-commerce and prepare for the Internet of Things,” said Michael Bayer, president, Retail Solutions, NCR. “We will continue to drive a frictionless customer experience across all consumer touchpoints and the retail supply chain.”
Honeywell brings to the alliance its core competencies in data capture technologies, distributed smart printing solutions, and wireless mobility computing platforms, while NCR leverages its software and hardware expertise in consumer transaction technologies. NCR’s solutions enable more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology and small business.
The strategic arrangement between the two companies was announced at the National Retail Federation’s Big Show in New York City’s Javits Center.
Supporting Resources
- Read more about Honeywell Sensing and Productivity Solutions
- Read more about NCR Corporation
- Twitter: @HoneywellAIDC and @NCRCorporation
- Facebook: facebook.com/ncrcorp
- LinkedIn: linkedin.com/company/ncr-corporation and https://www.linkedin.com/company/honeywell-scanning-&-mobility
- YouTube: youtube.com/user/ncrcorporation
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About Honeywell Sensing and Productivity Solutions
Honeywell Sensing and Productivity Solutions (S&PS) is a global leader providing custom-engineered sensors, switches and controls, and productivity solutions built around our high performance data collection hardware including rugged mobile computers, voice-enabled software, bar code scanners, radio frequency identification (RFID) and workflow printing solutions.
Our solutions serve customers in aerospace, automotive, field service, healthcare, industrial, manufacturing, medical, retail, supply chain, test and measurement, and transportation and logistics markets. We provide unparalleled precision and durability that improves efficiency, increases operational productivity and enhances customer service capabilities.
For more information on Honeywell sensing products, visit http://sensing.honeywell.com and on Honeywell productivity solutions visit http://www.honeywellaidc.com.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with approximately 29,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
News Media Contact
Eric Krantz
Honeywell Sensing and Productivity Solutions
803-835-8230
[email protected]
Jeff Dudash
NCR Corporation
770-212-5091
[email protected]
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
[email protected]
Scott Sykes
NCR Corporation
[email protected]