Honeywell (NASDAQ: HON) shares dived early Monday on word that its new Solstice® yf UV — a low-global-warming-potential (GWP) refrigerant incorporating ultraviolet (UV) dye for leak detection support in automobile air conditioning systems — is now available at all participating NAPA Auto Parts stores across the United States.
This is the first time Solstice yf (R-1234yf) refrigerant with UV dye will be available in the aftermarket.
The automotive service industry has traditionally used UV dye as a valuable tool to identify and repair air conditioning system leaks. With UV dye incorporated in Solstice yf, the solution provides precise leak detection, shortened service times, accurate repair verification and eliminates call-backs, increasing customer satisfaction. Solstice yf UV uses the same UV dye that car makers use on assembly lines and will allow service technicians to save time and money when servicing vehicles that were built with R-1234yf.
By the end of 2022, R-1234yf refrigerant will be used in almost 200 million cars on the road globally and in more than 95% of all new vehicles sold in the United States. By 2025, it is estimated that more than 100 million cars using R-1234yf will be on the roads in the United States, significantly expanding R-1234yf servicing opportunities for automotive shops.
The product line, which helps customers lower their greenhouse gas emissions and improve energy efficiency without sacrificing end-product performance, includes refrigerants for supermarkets, air conditioning for cars and trucks, blowing agents for insulation, propellants for personal and household care and solvents for cleaning solutions.
HON shares slid $3.19, or 1.6%, to $198.37.
