India, June 24, 2015 - Honeywell Process Solutions (HPS) has announced the launch of Uniformance? Asset Sentinel, which continuously monitors equipment and process health, assisting industrial facilities to predict and prevent asset failures and poor operational performance.

The new offering expands HPS' Uniformance software suite and supports the emergence of the Industrial Internet of Things (IIoT) in the process industry, enabling companies to collect, organize and analyse data for a specific asset or "thing." These analytics can transform work processes from reactive to proactive, helping industrial plant operators avoid unplanned downtime and improve plant performance and safety.

"Uniformance Asset Sentinel is the latest evolution of proven technology that is currently watching over billions of dollars of assets across industries, including oil and gas, power generation, mining, refining, and chemical manufacturing," said Mike Brown, global marketing director for HPS' Advanced Solutions business. "With more than four decades of experience in process control and automation, Honeywell is uniquely qualified to bring process-based domain knowledge to build solutions that solve problems from basic to the most complex."

Uniformance Asset Sentinel helps companies with industrial assets increase utilization of those assets by up to 10 per cent by reducing unplanned downtime. It can also cut maintenance costs by up to 15 per cent by better predicting and preventing catastrophic equipment failure and inefficient operations.

The technology works by continuously accessing data from a variety of sources, including process parameters, vibration data and alarms. Using a real-time complex event processing engine, Uniformance Asset Sentinel continuously performs performance, health, efficiency and safety-related calculations and compares those results of the current actual performance to an expected performance model. Predicted or detected deviations from these models are used to generate notifications to facilitate investigation and intervention to minimize the cost and frequency of an event.

Uniformance Asset Sentinel's pre-defined best practice templates for more than 100 equipment types, such as pumps, compressors, exchangers, valves and turbines combined with its seamless interface to its process design simulation software (UniSim? Design) helps customers rapidly deploy equipment or process monitoring on any plant asset, eliminating the need for complex model development.

Several major refining and chemical facilities are now implementing Uniformance Asset Sentinel to help them overcome the challenge of accessing data from multiple sources and turning it into actionable information. In addition to the positive impact on safety, this capability can translate into higher operational efficiency, agility and, ultimately, higher margins.