Signing further positions Honeywell Research and Life Science Solutions (RLSS) as a leaderin U.S. and Asia marketsMORRIS TOWNSHIP, N.J., January 27, 2004. Honeywell (NYSE: HON) announced today the completion of a licensing agreement for high purity (HP) solvent, which includes any ACS/HPLC grade solvent or ACS grade reagent or solvent, with SK chemicals in Korea. Under the agreement, SK chemicals will build a production facility in Ulsan, Korea, utilizing Honeywell Burdick & Jackson (B&J) high purity solvent technology. SK will supply product to Honeywell for customers in Asia.The license agreement also provides SK trademark rights for Honeywell B&J HP solvent to serve the growing Korea market. In response, Honeywell will offer technological expertise and support, leveraging more than 40 years of experience manufacturing HP solvents.?Asia continues to be an important market for us,? said Whitney Erickson, Vice President and General Manager, Honeywell Research and Life Science Solutions. ?We will continue to build our partnership with SK chemicals to secure additional strategic opportunities for growth in the region.? S.J Hahn, Vice President of SK chemicals, said ?We are pleased to expand our specialty chemical business, including advanced research chemicals in cooperation with Honeywell. Honeywell?s technological expertise combined with SK?s strong presence in the Asian market will serve our customers with enhanced technology support and customized products.?SK chemicals has promoted Honeywell solvent in Korea since 2002. Currently, Honeywell manufactures solvent at its Muskegon, Michigan (U.S.) plant and high purity solvent in Seelze, Germany. Major applications for Honeywell solvent include analytical instrumental analysis, known as HPLC, and pilot & production of biotechnology. SK chemicals is a leading Asian chemical and life science company whose product portfolio includes petrochemicals, performance resins, specialty chemicals, electronic materials, pharmaceutical products, water treatment solution, and environment-friendly materials for various industrial uses. For more information, please visit www.skchemicals.com.Honeywell International is a $23 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. Based in Morris Township, N.J., Honeywell?s shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor＇s 500 Index. For additional information, please visit www.honeywell.com. Honeywell Specialty Materials is a global leader in providing high-performance specialty materials such as fluorocarbons, specialty films, advanced fibers, customized research chemicals and intermediates.