February 24, 2006 - Hybrid Heat(TM) system combines furnace with heat pump, which also acts as air conditioner in hot weather. Operated via electricity, environmentally sound heat pump moves heat without flame and features Puron® non-ozone-depleting refrigerant. System combines heating methods to minimize effects of gas and electricity costs.

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Carrier Corp.
Carrier Pkwy., A&R Bldg.
Syracuse, NY, 13221, USA

INDIANAPOLIS, Ind., Jan. 4 - Strengthening its position as a leader in innovative heating and cooling systems, Carrier Corporation, a unit of United Technologies Corp. (NYSE:UTX), recently introduced the next advancement in the growing trend of energy efficient products -- a Hybrid Heat(TM) system. With fuel and energy costs continuing to rise, and a colder than predicted winter hitting many parts of the country, homeowners are becoming increasingly apprehensive about properly heating their homes. A Hybrid Heat system is a fuel-saving alternative to traditional heating and cooling systems that combines a furnace with a heat pump, rather than an air conditioner. This marks Carrier's latest innovation in its commitment to the conservation of energy and total comfort solutions for homeowners.

"For homeowners, the end of inexpensive heating gas and oil and the concern over energy efficiency has become a reality," says Halsey Cook, president, Carrier Residential and Light Commercial, North America. "A Hybrid Heat system is the next phase in responsible treatment of our environment by reducing energy consumption, which will help to lower monthly heating bills this winter."

Happy Homes, Healthy Environment

The secret behind a Hybrid Heat system is Carrier's state-of-the-art heat pump. A heat pump works as an air conditioner in hot weather, but can also reverse the process and heat the home when cold weather arrives. Rather than burning fuel to generate heat, the heat pump moves heat without a flame, making it a more efficient method of heating a home. Additionally, some Carrier heat pumps feature Puron(R) non-ozone-depleting refrigerant, making them an environmentally sound option.

Traditionally, heat pumps, which operate using electricity, are most popular in warmer regions where temperatures do not typically dip as low as they would in colder climates during the winter months. In colder regions, homeowners frequently need a furnace because temperatures often drop below freezing in the winter. However, with the elevated price of oil and gas, heating with a gas or oil furnace may be more expensive than using electricity.

"The rising price of gas and oil has spurred a great interest in alternative heating solutions this winter," said Tim Perry, manager, Carrier heating products. "A Hybrid Heat system will allow homeowners to save money for years to come, since they can always choose which source of heat they would like to use, based on the cost of gas and electricity."

About Carrier Corporation

Carrier Corporation is the world's largest manufacturer of heating, air conditioning and refrigeration systems and equipment. It is a subsidiary of United Technologies Corporation (NYSE:UTX), provider of a broad range of high-technology products and support services to the aerospace and building systems industries.

For more information about Carrier products, visit http://www.carrier.com/

Contact: Jillian Kwolek/Christina Cozzi
212/697-2600
jkwolek@gibbs-soell.comccozzi@gibbs-soell.com

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