Otis Subsidiary to Provide More Than a Thousand Elevators for Singapore Public Housing Estates

FARMINGTON, Connecticut, December 8 - Otis Elevator Company's subsidiary Sigma Elevator Singapore was awarded
two contracts from the Singapore Housing and Development Board (HDB) to
supply and install 1,300 elevators in public housing estates. These contracts
were awarded as part of HDB's Lift Upgrading Program to replace existing
elevators and improve accessibility at each building floor. Otis is a unit of
United Technologies Corporation (NYSE: UTX).

"We are delighted to provide a wide array of building solutions — from
innovative machine-roomless elevators to high-speed systems — to ensure safe
and efficient transportation for thousands of public housing estate residents
in Singapore," said Otis President Didier Michaud-Daniel.

Singapore HDB, a government public housing authority under the Ministry
of National Development, provides residential housing to more than 80 percent
of the country's population. With 654 elevators awarded in 2005, Sigma
Elevator is supplying a total 1,954 elevators for HDB Upgrading Program.

"In densely populated cities like Singapore, elevators are a critical
part of ensuring efficient transportation in high-rise apartments and optimal
accessibility for all residents," said Brad Buckwalter, president, Otis
Elevator Korea. "We are honored our subsidiary Sigma Elevator in Singapore
has been selected to provide the elevators and maintenance services to meet
these needs."

In addition to supplying and installing the 1,300 units, both contracts
also include maintenance contracts for the new units. To date, Sigma Elevator
Singapore has earned maintenance contracts for all the elevators it has
installed for HDB projects. The company currently provides maintenance
service for more than 2,300 elevators.

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 61,000
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

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