Stark also said that CoreBin is ideal for reaching international audiences. This was a connection made possible by the power of the Internet and its ability to bridge borders, time zones and cultures. Users can also create an automated auction search, which will alert them when an auction of interest is in progress. Users also have the ability to rate each other, ensuring user integrity and assisting to weed out any users who attempt to abuse the process. The site operates in an auction-type format with sellers posting cores for sale and establishing parameters including auction duration, opening price, bid increments and type of auction.
Sellers can also set a reserve price that guarantees a bare minimum price for the core.
Users have the ability to ship cores through Roadway Express at a 50 percent discount on shipping charges or use their preferred carrier. Buyers and sellers determine payment methods offline. Users can trade cores 24 hours a day, seven days a week. Logistics, escrow and content providers, together with select Alliance partners offer a unique combination of value-added services to customers. Honeywell employs approximately 120,000 people in 95 countries and is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges.