Benzinga | Jul 15, 2021 02:29PM EDT

Honeywell, Nexii Form Strategic Alliance To Support Sustainable Building Development

* Honeywell International Inc (NASDAQ:HON) and green construction technology company Nexii Building Solutions Inc. entered a strategic alliance to support development of buildings with a reduced environmental impact.

* Honeywell will be the exclusive building technologies supplier for new buildings constructed by Nexii.

* Nexii will be using Honeywell Small and Medium Building Administrator powered by Honeywell Forge.

* Honeywell will also be providing fire and security systems to support Nexii-constructed buildings.

* Price action: HON shares traded higher by 1.93% at $232.17 on the last check Thursday.