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Best-selling Otis Gen2™ Elevator Now Available in Argentina

The energy-efficient and space-saving Gen2 elevator offers smooth, quiet ride


BUENOS AIRES, March 13, 2017 — The innovative Otis Gen2 elevator, with more than 500,000 units installed worldwide, is now available in Argentina to support the country’s construction sector. Otis, the world’s leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways, is a unit of United Technologies Corp. (NYSE:UTX).

The Gen2 elevator redefined the elevator industry with breakthrough technology that replaced conventional ropes with flat belts, leading to a more comfortable ride, greater reliability, more efficient operation and increased energy efficiency, compared to conventional roped elevators. Since its introduction, the Gen2 elevator has become one of the company’s best-selling elevators in its 163-year history, with 250,000 units sold by 2012, and 500,000 units sold by 2016. The Gen2 elevator is sold in Argentina by Otis (Argentina) S.A. (“Otis Argentina”), the local Otis entity.

“With the launch of Gen2 elevator in Argentina, Otis keeps its commitment to deliver innovative systems with benefits for constructors, architects and passengers. The product has all of the required local and international certifications and it is available for many different types of projects,” said Pablo Simon, managing director, Otis Argentina.

The compact Gen2 machine is 50 percent smaller than conventional machines, requiring a smaller installation space and making possible savings during building construction. Its permanently sealed bearings don’t require any additional lubrication.

The Gen2 system includes Otis ReGen™ drive that converts energy that would otherwise be wasted into electricity and returns it to the building. The Gen2 machine with ReGen drive reduces energy consumption by 75 percent under normal operating conditions compared with conventional systems without the regenerative drives.

To learn more about Otis products and services, including the Gen2 elevator, visit www.otisworldwide.com.

About Otis
Otis is the world’s leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories. Otis is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. For more information about Otis and the CompassPlus system, visit www.otis.com, or follow Otis on LinkedIn, YouTube and as @OtisElevatorCo on Twitter, Facebook and Instagram.