Leading Developer Selects Energy-Efficient Otis Products for Projects Across China

FARMINGTON, Connecticut -

Otis Elevator Company’s joint venture Xizi Otis has secured a new contract from Longfor Properties, a leading real estate developer in China. Xizi Otis will deliver and install 442 elevators and 10 escalators for residential and commercial projects in four cities. The order, which includes energy-saving Gen2(R) elevators with ReGen(TM) drives, is the second awarded by Longfor Properties to Xizi Otis, the largest of Otis’ 10 joint ventures in China. Otis is a unit of United Technologies Corporation (NYSE: UTX).

“We are delighted that Longfor Properties chose to expand its relationship with Xizi Otis with a second major order,” said Otis President Didier Michaud-Daniel. “This selection underscores their confidence in the reliability and performance of our elevators and escalators, as well as the value of our energy-conserving technology for high-quality real estate projects.”

For this new contract, Xizi Otis will provide Longfor Properties with a mix of elevator products that include machine-roomless Gen2 systems and other energy-efficient gearless systems featuring permanent-magnet machines and ReGen drive technology. The units will be installed in residential and office buildings in Beijing and the three Western China cities of Chongqing, Chengdu and Xi’an. In 2007, Longfor Properties awarded Xizi Otis a contract for 344 elevators and escalators for projects in Chongqing, Chengdu and Beijing.

Gen2 elevators use flat, polyurethane-coated steel belts and reduce energy consumption by up to 50 percent compared with conventional systems. When combined with ReGen drives, the Gen2 system delivers energy savings of up to 75 percent. ReGen drives capture the energy usually lost by the elevator system as heat during braking and feed it back into a building’s internal electrical grid for use by other systems connected to the same network such as lighting.

Otis is committed to leading the way to a greener future by reducing energy consumption throughout the entire lifecycle of its products. In addition to offering energy-saving solutions, Otis continues to minimize the environmental impact of its processes and manufacturing practices by reducing energy and water consumption. Otis was recently recognized with Gold-level Leadership in Energy and Environmental Design (LEED) certification of the Otis Elevator Company TEDA Center office building in China by the U.S. Green Building Council. Located in the Tianjin Economic-Technological Development Area (TEDA), the Otis TEDA Center site also includes manufacturing facilities for green elevator products including the Gen2 system. The site incorporates advanced technologies to reduce energy consumption by at least 25 percent compared to conventional construction methods and materials.

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 64,000 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: Dilip Rangnekar Director, Worldwide Communications & Marketing Support +1-860-676-5992 Dilip.Rangnekar@Otis.com

Source: Otis Elevator Company

Dilip Rangnekar, Director, Worldwide Communications & Marketing Support of Otis Elevator Company, +1-860-676-5992, Dilip.Rangnekar at Otis.com