|Original Press release|
Otis Elevator Co.
1 Farm Springs Rd.
Farmington, CT, 06032
Otis Wins Record Order for Its 'Green' Technology Elevator System
FARMINGTON, Conn., Dec. 4 - Otis Elevator Company, a unit of United Technologies Corp. (NYSE:UTX), will supply and install 580 of its environmentally friendly, energy-efficient and space-optimizing Gen2® Comfort elevator systems at Tres Molinos, a luxury resort in the Murcia region of southeast Spain.
This win marks the largest single Gen2 elevator order in Otis history.
"This award-winning system is Otis' fastest-selling product," said Otis President Ari Bousbib. "It will allow the developers and owners of Tres Molinos to lower building costs and increase rentable space."
The Gen2 machine-roomless system, with its gearless permanent magnet motor, reduces energy usage by up to 50 percent when compared to conventional systems. The system is also cleaner for the environment as its flat, polyurethane-coated steel belts and permanent magnet gearless machine do not require additional lubrication.
With sales of more than 100,000 units since its release in 2000, the Gen2 elevator system has received acclaim throughout the world for its environmental benefits. In November, Fast Company magazine featured the Gen2 system as one of the top 50 ways companies are "greening" their businesses. In 2006, the Gen2 system was named one of Spain's "100 best ideas" by the country's leading business magazine, Actualidad Economica, and was also recognized by the Chinese government as one of China's "Top 10 Architectural Science and Technology Achievements." In 2005, Otis became the first elevator company to receive the "Green Product Award" from the China Environmental Protection Foundation for the Gen2 system.
In addition to its environmental benefits, the Gen2 system offers flexibility in building design, superior ride quality, increased durability, and smooth, quiet operation with outstanding leveling accuracy.
To be built in three phases, the Tres Molinos resort is aimed at attracting foreign tourists and will offer 10,800 residences and three golf courses.
Otis Elevator Company is the world's largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. With headquarters in Farmington, Connecticut, Otis employs 62,000 people, offers products and services in more than 200 countries and territories and maintains 1.6 million elevators and escalators worldwide. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.
CONTACT: Tizz Weber of Otis Elevator Company, Director, Communications, +1-860-676-6127, Tizz.Weber@Otis.com