Honeywell to Collaborate with Energy Assets on U.K. Gas Meter Upgrade

LONDON, United Kingdom, September 24, 2025 -- Honeywell (NASDAQ: HON) has today announced a collaboration with Energy Assets, one of the U.K.'s leading providers of residential, industrial and commercial multi-utility metering services, to support a large-scale gas meter upgrade program across Energy Assets' portfolio. Honeywell will supply advanced smart communication modules and batteries for 67,000 gas meters in the field, without the need for a complete meter exchange.

Mobile network operators in the UK have committed to switching off 2G networks by 2033. To prepare for the deadline and with the battery life of existing meters approaching renewal, Energy Assets has taken proactive steps to future-proof its infrastructure. Honeywell engineered a retrofit solution to easily upgrade each meter by installing a new narrow band (NB)-IoT communication module and battery, minimizing the need for exchanging and disposing of the meters and taking each meter off gas supply.

This streamlined process minimizes customer disruption and reduces waste. The upgraded communication technology is designed to improve meter battery life, extending it from eight years to up to 15 years.

"Energy Assets has worked closely with Honeywell on the bespoke designed modem to futureproof communications with the meter and ensure expected asset life is achieved," said David Sing, group managing director (Assets), Energy Assets Metering & Data.

"Our digital metering solutions are designed to simplify the transition to next-generation connectivity while extending the life of existing assets," said Declan Kenny, regional general manager, Smart Energy, Honeywell. "This upgrade ensures Energy Assets can continue to provide reliable and accurate data services, improve operational efficiency and enhance customer service delivery."

The Honeywell NB-IoT modules are designed to fit directly into Energy Assets' installed Honeywell themislog AMR Gas meters and securely transmit data daily using the Vodafone network. The technology integrates with Honeywell's meter data collection platform and is expected to give operators a centralized view of meter data, system performance and alerts.

With a modular design built for field-installed gas meters, the Honeywell solution is made of durable materials, approved to Atex Zone 0 classification, and has both internal and external antenna options optimized to help support reliable network connectivity and extended product lifecycles.

The announcement builds on a longstanding relationship between Honeywell and Energy Assets, which began in 2014. This deployment reinforces Honeywell's commitment to the megatrend of automation, in delivering scalable digital metering solutions for smarter energy networks across Europe.

About Honeywell

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends - automation, the future of aviation and energy transition - underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit https://www.honeywell.com/newsroom.