O T I S   The safety-brake elevator, patented by Elisha Graves Otis 150 years ago, made possible many landmarks of modern civilization, from the Eiffel Tower and the Empire State Building to the Petronas Towers in Kuala Lumpur. Otis escalators and moving walkways helped give the world such familiar venues as department stores, shopping malls and metropolitan airports.To this day, no transportation technologies move people more efficiently than the ones Otis pioneered.
        In 2003, Otis celebrated a century and a half of history by continuing to make history, participating in new landmark projects and delivering strong financial performance.
        Two revolutionary product technologies, the Gen2 elevator and the NextStep escalator, helped Otis capture contracts for many high-visibility projects. Among them: 7 World Trade Center in New York, the first building to be completed in the new World Trade Center complex; Grand View Mall in Guangzhou, China, Asia’s largest shopping mall; the new 16-mile Tianjin, China, subway system; Elsburg Plaza in Kiev, Ukraine, that city’s tallest building; and the historic Kremlin Palace in Moscow, Russia.
        Otis also completed the second-largest acquisition in its history with the addition of Amtech Elevator Services. Amtech brings annual sales of approximately $115 million and a customer base spanning universities, hotels, hospitals, airports and convention centers throughout the United States.
       Overall, Otis revenues grew by more than $1 billion to $7.9 billion. Operating profit increased by more than $300 million to $1.38 billion, and operating profit margin grew by more than one point to 17.4 percent. 150 years after the company’s founding, the Otis momentum continues to build.