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Layer One Networks Can Help Your Business
Problem: Not Being Able to Work Remotely and Securely
Solution: Cloud Computing and a Cloud Desktop Environment
Your phone isn’t tied to a desk, so why should you be? You can work from anywhere with Layer One Networks’ cloud-based technology. Cloud computing offers secure access to your information, in a format that’s easy to navigate – no matter where you are or what you’re using to access it. You can simplify your IT while optimizing performance, costs, security and control.
Reach out to Layer One Networks for Cloud Computing and a Cloud Desktop Environment.
Cloud ComputingCloud Desktop EnvironmentProblem: Not Knowing What to Budget for IT
Solution: Managed IT Services
You need to have a handle on what your expenses are going to be in order to run your company in an efficient manner. With a managed IT solution, you know exactly what to budget per user to get all-inclusive IT solutions. You can choose from a variety of service plans that range from routine system maintenance and management to complete IT outsourcing.
Manage your budget with Layer One Networks’ Managed IT Services.
Managed IT ServicesProblem: Staying Compliant While Scaling Your Business
Solution: Data Security
You’re growing your business, but need to stay on top of compliance issues. Staying PCI and HIPAA compliant as you grow becomes increasingly complex, but with Layer One Networks’ Data Security services, you get reliability, protection, and consistency, which allows you to focus on productivity.
Count on Layer One Networks for Data Security and Compliance issues.
Data SecurityProblem: Important Business Information Left Unprotected
Solution: Backup/Disaster Recovery
When it rains, it pours. Networks and data access can be knocked out without warning. You can’t stop disasters from happening, but we can help you weather the storm with data protection services. Don’t get caught in the rain.
Look to Layer One Networks for Data Protection and Disaster Recovery.
Backup/Disaster RecoveryProblem: No One in the Office Knows What to Do
Solution: IT Consulting and Customer Support
Sometimes it seems like computers have minds of their own, and refuse to work the way you want – especially if your needs are time-critical. You can be plagued by system downtime, viruses, spyware, or losses of productivity due to your computer system’s inconsistency or unreliability, and you may require immediate assistance for your IT needs. With Layer One Networks’ automation and reliability, you get responsive customer support when you need it – and sometimes before you need it. You don’t need to know how to fix things. That’s why we’re here.
Contact us for IT Consulting and dedicated Customer Support.
IT ConsultingCustomer SupportAddress: 5705 Gollihar Rd # 1
Corpus Christi, TX 78412
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AlliedSignal to Acquire Honeywell for $13.8 Billion
AlliedSignal Inc., the No. 1 seller of flight-safety systems, has agreed to buy Honeywell Inc. for $13.8 billion in stock to expand its aerospace business and diversify, a person familiar with the situation said Sunday.
AlliedSignal would swap 1.875 share for each share of Honeywell, the world’s largest maker of automated controls. AlliedSignal also would assume $1.5 billion in debt. The exchange values Honeywell at $109.45 a share, a 14% premium to its closing price Thursday before speculation of a buyout. Honeywell shares rose nearly 10% Friday to close at $105 on the New York Stock Exchange.
The combined company would have complementary aerospace businesses, and Honeywell’s other businesses would help offset slumps in the aerospace industry. The combination also would provide a successor to AlliedSignal Chief Executive Lawrence Bossidy, 64, who’s been reluctant to name an heir.
Both companies declined to comment on the proposed deal.
“Now you basically have combined two essentially strong aerospace providers,” said Todd Ernst, a Prudential Securities analyst. “You are going to have more leverage in the commercial aerospace market. It’s a phenomenal deal for AlliedSignal shareholders.”
The merged company, which would have $25 billion in revenue, would be called Honeywell and would be based in Morristown, N.J., where AlliedSignal has its headquarters. Honeywell’s base in Minneapolis would be closed. About 4,500 jobs would be cut from the combined company, leaving it with about 120,000 employees.
Bossidy would be the new company’s chairman until his retirement on April 1. Michael Bonsignore, 58, chairman and CEO of Honeywell, would be chief executive and become chairman upon Bossidy’s retirement.
The combined company would be able to insulate itself more from the swings in the aerospace industry as airlines retrofit and upgrade their flight systems.
Honeywell makes climate-control systems, thermostats and air cleaners for commercial buildings and homes. It also makes aircraft-guidance systems, cockpit systems, flight-management and communication systems and industrial controls, which monitor and regulate machinery.
AlliedSignal makes aircraft equipment and safety systems, including collision-avoidance devices, navigation products and radios. The aerospace division had sales of $4.87 billion last year, or about 32% of the total revenue of $15.1 billion.
AlliedSignal also makes diesel-engine turbochargers, specialty chemicals, electronic materials, industrial and nylon fibers. It also has an automotive consumer-products line, which include Prestone antifreeze, Fram filters and Autolite spark plugs.
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Allied Signal, Inc.
Allied Signal, Inc. was founded in 1920 under the company name Allied Chemical & Dye Corporation. The company manufactured products across several industries, and primarily used asbestos in their refractory products and friction products.
Allied Signal, Inc. and its subsidiaries manufactured asbestos products until the 1980s. The company currently operates under the recognizable Honeywell name and identity after acquiring the company in 1999. They now manage four business units, including aerospace, automation and control solutions, transportation systems and specialty materials. Although the company no longer uses asbestos, they faced thousands of lawsuits due to their heavy use of asbestos in products such as automotive parts, engineered materials and aerospace technology. This led to an established trust fund under the North American Refractories Company (NARCO) in order to sufficiently pay individuals who have been exposed to asbestos, resulting in mesothelioma or other asbestos-related diseases.
Allied Signal, Inc. History of Asbestos Use
Quick Facts- Years in Operation: 1920 – present
- Location: Morristown, New Jersey
- Production: Chemicals, refractory products, friction products
- Asbestos Trust: Yes
Allied Signal, Inc. began as a chemical company, serving as an international leader of ammonia production in the late 1920s in Hopewell, Virginia. Under the leadership of Dr. William H. Nichols, a chemist and president of General Chemical Company, and Eugene Meyer, a Washington Post publisher and financier, they underwent several mergers, acquisitions and rebrands of the company name.
Throughout their history, the company acquired major companies like Union Texas Natural Gas and Bendix Corporation in 1962, merged with Signal Companies in 1985 and acquired Honeywell in 1999. These mergers and acquisitions helped them to expand to aerospace, automotive and engineered material industries. This also meant the asbestos products they manufactured expanded across these industries.
Asbestos was at peak use in the 1900s, especially in the automotive and aerospace industries. During the time of peak asbestos use, Allied Signal was quickly expanding and acquiring companies in these major industries. Refractory products, typically used in furnaces and kilns as heat-resistant materials, were manufactured by North American Refractories Company (NARCO), which Honeywell owned from 1979 – 1986. Friction products were manufactured by Honeywell’s Bendix friction materials business. These products included automotive brake parts, which were composed of encapsulated chrysotile asbestos.
Aerospace products, such as aircraft lighting systems, adhesives and sealants were also part of their catalog of products. Asbestos was commonly used in these materials, as aircrafts are commonly high-heat areas. When any of these products become worn down or otherwise disturbed, however, their harmful fibers can be inhaled or ingested, leading to mesothelioma or other asbestos-related diseases.
Allied Signal, Inc. Asbestos Products
Many asbestos products were manufactured by Allied Signal, Inc. and its subsidiaries from the 1960s through the late 1970s. The asbestos products manufactured spanned across several industries, which included products such as automotive materials, cement and other materials.
Allied Signal, Inc. and Occupational Exposure
Due to the widespread use of asbestos throughout the 1900s, thousands of workers across several industries were exposed to the hazardous mineral on the job. Factory workers, plant workers and repairmen for vehicles and aircrafts were often exposed to asbestos while manufacturing and working with Allied Signal’s asbestos products. Their families were also put at risk of secondary exposure when workers bring home asbestos fibers on their clothing.
- Aluminum plant workers
- Construction workers
- Industrial plant workers
- Mechanics
- Navy veterans
- Oil refinery workers
- Shipyard workers
Asbestos Litigation Against Allied Signal, Inc.
When Allied Signal, Inc. acquired and merged with companies such as NARCO, Bendix and Honeywell, they also adopted their liabilities in regards to cases of injury and illness with asbestos-containing materials.
Today, Honeywell continues to face mesothelioma lawsuits as a result of past exposure from products produced by subsidiaries Allied Signal, NARCO, Bendix and more. In January 2019, the family of Ronald Burlie Thomas was awarded $18.5 million by Honeywell and other companies as a result of asbestos exposure on the job. Thomas was a mechanic who was exposed to asbestos through brake linings manufactured by Bendix, among other asbestos-containing materials.
Thomas was diagnosed with mesothelioma as a result of his exposure. He passed away before the trial ended, but the jury determined the brakes, along with other asbestos-containing parts manufactured by other companies, were a direct cause of his mesothelioma.
Allied Signal, Inc. Asbestos Trust Fund
Allied Signal, Inc., who acquired Honeywell in 1999, operates under the North American Refractories Company Asbestos Personal Injury Settlement Trust, as the company was formerly owned by Honeywell from 1979 – 1986. The trust fund was first introduced in 2005, but it was not put into practice until 2013, when it began accepting asbestos claims. The trust began settling asbestos and mesothelioma lawsuits the following year. The initial funding for the trust was $420 million, a result of combined funds from Honeywell and HarbisonWalker International, the new owner of NARCO.
There is a current 100% payment percentage for settled claims through the trust. The amount paid for claims varies depending on a claimant’s individual case, and estimates often reflect base-level values. Factors such as age, severity of condition, exposure and the law firm’s history with these cases can all impact payout values.
Tara Strand specializes in researching and writing about asbestos, raising awareness and advocating for a ban.
Full Bio Editorial Guidelines
Jennifer Lucarelli is a partner at the law firm of Early, Lucarelli, Sweeney & Meisenkothen, specializing in asbestos litigation.
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Mesothelioma.com is dedicated to providing the latest medical information on mesothelioma, spreading awareness about the dangers of asbestos exposure and providing victims with free resources.
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