CLAIM #30455 · Honeywell International Inc (HON) · 2024Q3 earnings call · Oct 24, 2024 · due Jun 30, 2025
“We expect to launch first-half one of them in early 2025.”
Vimal Kapur · CEO
In context
“expanding our customer base through connectivity. So we're looking ahead and looking to look at the AI model, the Vertex AI capability, which Google has provide us some unique capabilities, which will create a new applications on top of that data. So it's a -- it's consistent with the strategy Scott I have always highlighted, monetized installed base. So monetize installed base by connecting the installed base and then having more capability through partnerships like this. At the same time, we do expect some of our edge devices our products, which connected with the building or the process unit or with the warehouse, things like scanner, think of gas detection devices, embed AI at the chip level and have the Google Nano AI program embedded into that. It makes those products more capable. We expect to launch first-half one of them in early 2025. So this is not a long-term dream. This is imminently happening shortly. So all in all, this is continue to build upon our commitment of organic growth focus through new innovation, and we are partnering with companies like Google to expand our horizons here. And I'm very excited about it. I do expect this is going to help us support our organic growth profile in the years ahead. Scott Davis: That makes sense. And just Intelligrated, obviously, has been the kind of the gift that keeps on giving. It was great for a while, and then it's been not so great here for a few years. But how do you fix that business? It doesn't seem to be as much value at the customer level, perhaps as we all once thought? And is it a product innovation issue them? Is it just that the market itself is just too cycli”
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SEC filings for HON ↗ · Claim quote is verbatim from the 2024Q3 earnings call.