Honeywell announced the filing of its Form 10 registration statement (Form 10) with the U.S. Securities and Exchange Commission ("SEC") for the planned spin-off of Solstice Advanced Materials (Solstice).

"This Form 10 filing marks a pivotal step toward the exciting launch of Solstice Advanced Materials as an innovation-led independent company. With Honeywell's legacy and a purpose-built management team and Board, Solstice is set up for a very bright future," said Vimal Kapur, Chairman and CEO of Honeywell.

"Today's announcement also demonstrates the consistent progress our team is making toward forming three industry-leading public companies, each uniquely equipped to deliver exceptional customer service, expand opportunities for employees, and unlock shareholder value."

"Today is a milestone that underscores Solstice's tremendous momentum as we prepare for our next chapter as a public company," said David Sewell, President and CEO of the Solstice Advanced Materials business.

"The end markets we serve are underpinned by attractive secular growth trends, including regulatory-driven sustainability transitions in cooling and building solutions and the proliferation of artificial intelligence and advanced computing. We look to harness these trends by focusing on customer-partnered innovation and high-return opportunities that strengthen our ability to serve customers, establish new differentiated technology platforms, and enhance our resilience through market cycles. We believe Solstice is well-positioned to unleash growth and unlock substantial long-term value for all stakeholders."