MEDIA RELEASE PR36626
Otis Wins Contract For Landmark Development in Seoul
FARMINGTON, Conn., Oct. 20 /PRNewswire-AsiaNet/ --
Otis Elevator Company was awarded a contract from AIG Korean Real Estate
Development YH to provide 125 elevators, escalators and moving walkways for
International Finance Centre (IFC) Seoul in Korea. Otis is a unit of United
Technologies Corp. (NYSE: UTX).
"Otis is delighted to deliver the high-performance solutions needed for
this innovative development, which will clearly be a lively destination for
both business and leisure," said Otis President Didier Michaud-Daniel.
IFC Seoul is located in Seoul's financial district on the island of
Yeouido. The 5.4-million-square-foot development features three office
towers, a five-star hotel and a three-level luxury mall.
"We are proud that Otis products were selected to safely and efficiently
transport the many people who will visit and work at this prestigious
development," said Brad Buckwalter, president, Otis Elevator Korea.
The contract is for 73 elevators, including six energy-efficient Gen2(R)
systems, along with 38 escalators and 14 moving walkways. Otis'
environmentally friendly Gen2 systems are up to 50 percent more energy
efficient than conventional systems and do not require any additional
lubrication. Otis will begin installing equipment in 2010 and IFC Seoul is
scheduled for completion in late 2011.
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
SOURCE: Otis Elevator Company
CONTACT: Dilip Rangnekar,
Director,
Worldwide Communications & Marketing Support,
+1-860-676-5992,
Dilip.Rangnekar@Otis.com
Translations:
Chinese - Traditional (http://asianetnews.net/Download.asp?ID=137916)
Chinese - Simplified (http://asianetnews.net/Download.asp?ID=137917)
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