“This Form 10 filing marks a pivotal step toward the exciting launch of Solstice Advanced Materials as an innovation-led independent company,” said Vimal Kapur, chairman and CEO of Honeywell, in a press release. “With Honeywell’s legacy and a purpose-built management team and board, Solstice is set up for a very bright future.”

“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,” said David Sewell, president and CEO of the Solstice Advanced Materials business. “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.”