Resideo Announces Completion of Transaction with Honeywell To Accelerate Payment of All Potential Monetary Obligations Under Indemnification and Reimbursement Agreement

Core Points - Resideo Technologies, Inc. has completed a transaction with Honeywell International Inc. to eliminate future monetary obligations under the Indemnification Agreement established during Resideo's spin-off from Honeywell in 2018 [1][2] - The transaction involved a one-time cash payment of $1.59 billion to Honeywell, which terminates the Indemnification Agreement and removes Resideo's obligation for annual payments of up to $140 million through 2043 [2] Company Overview - Resideo is a leading manufacturer, developer, and distributor of technology-driven sensing and controls products for residential and commercial markets, specializing in home heating, ventilation, air conditioning controls, smoke and carbon monoxide detection, and security products [4] - The company's solutions are present in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually [4]