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Honeywell Licenses Motorola's MRAM Technology to Develop Non-Volatile Aerospace Memory Component

Chip will be 'radiation-hardened' to withstand extreme space environments

Minneapolis - October 08, 2003 - Honeywell (NYSE: HON) and Motorola, Inc. (NYSE: MOT) have signed a technology transfer and licensing agreement for Motorola to provide Honeywell access to its magneto-resistive random access memory (MRAM) non-volatile memory chip technology.

The agreement is expected to accelerate Honeywell's ability to develop radiation-hardened MRAM non-volatile memory for military and aerospace products such as satellites where data processing and storage performance is critical.

Honeywell plans to incorporate Motorola's MRAM memory elements with its radiation-hardened silicon-on-insulator (SOI) technology to produce the first memory chip capable of providing data stability in the harsh operating environments of space, including for satellite and military applications.

"Combining Motorola's MRAM with Honeywell's Silicon-On-Insulator (SOI) radiation hardened process will produce a new, revolutionary chip that improves data storage," said Eric Doremus, vice president of Honeywell's precision sensors and components business. "This is a breakthrough component that will result in greater reliability of data despite varying radiation and power fluctuation challenges in space environments."

Honeywell and Motorola collaborated with DARPA (Defense Advanced Research Project Agency) in the initial research and development of MRAM.

Chris Belden, corporate vice president and general manager of Technology and Manufacturing at Motorola's Semiconductor Products Sector, said, "Stand-alone memory and embedded chip manufacturers are all looking for cost-effective, flexible memory technology. We are excited to be working with Honeywell to meet their demands and to build momentum behind MRAM as the flexible memory solution of the future."

Currently RAM used in space and military systems is susceptible to the bursts of high or low amounts of radiation that interrupt power, requiring auxiliary systems to prevent data- corruption and loss. By contrast, MRAM stores data through a magnetic cell structure rather than through transistor cells, eliminating the need for the auxiliary systems that add weight, require storage and often are less reliable.

MRAM also offers exceptional speed, memory ability and the integration of multiple memory-options on the same chip. For computers, memory reloads information into "local memory" from mass storage like a hard disk drive when power is turned on. MRAM allows programs and data to remain in local memory even when the computer is turned off, which significantly reduces the load time when powered up.

SOI technology is similar to a standard semiconductor, with the added advantage of its insulator layers. It currently is used to fabricate Honeywell's radiation-hardened RAM and application specific integrated circuit components for space and in operating environments where radiation exposure may cause memory failure.

Honeywell International is a $22 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

About Motorola's Semiconductor Products Sector
As the world's #1 producer of embedded processors, Motorola's Semiconductor Products Sector creates DigitalDNA™ system-on-chip solutions for a connected world. Our strong focus on wireless communications and networking enables customers to develop smarter, simpler, safer and synchronized products for the person, work team, home and automobile. Motorola's worldwide semiconductor sales were $4.8 billion (USD) in 2002. For more information please visit www.motorola.com/semiconductors

About Motorola
Motorola, Inc. (NYSE:MOT) is a global leader in providing integrated communications and embedded electronic solutions. Sales in 2002 were $26.7 billion. Motorola is a global corporate citizen dedicated to ethical business practices and pioneering important technologies that make things smarter and life better for people, honored traditions that began when the company was founded 75 years ago this year. For more information, please visit: www.motorola.com

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.

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Media Contacts
Cathy Gedvilas
Honeywell
+1 (602) 365-2934 office
cathy.gedvilas@honeywell.com

North America:
Angela Hatfield
Motorola
+1 (480) 413-4260 office
angie.hatfield@motorola.com

Europe:
Regina Cirmonova
Motorola
+41 22 799 1258 office
regina.cirmonova@motorola.com

Asia-Pacific:
Gloria Shiu (Hong Kong)
Motorola
+852-2666-8237
gloria.shiu@motorola.com


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