Building Projects Across China Order Nearly 300 Otis Electric units

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HANGZHOU, China, July 4, 2016 — Several large building projects have recently selected Otis Electric elevators and escalators totaling nearly 300 units since the brand was introduced to China in January 2016. Otis Electric is a sub-brand of Otis Elevator Company, which is a part of Otis, a unit of United Technologies Corp. (NYSE: UTX).

“With strong focus on customer-oriented elevator and escalator solutions, as well as satisfactory customer experience from purchase to after-sale services, Otis Electric has successfully secured a number of high-end residential projects which underscore customer recognition,” said Lawrence Chui, president, Otis Electric and Xizi Otis. The Otis Electric brand is authorized to Xizi Otis Elevator Co., Ltd. for use in China.

Here are brief summaries of the projects:

The Bund, Shanghai: 26 Otis Electric elevators have been installed in Xinhu Cyan International Housing Estate. Built by real estate group Xinhu Zhongbao, the new luxury residential development is located in the inner-ring core area of Shanghai, only 3 kilometers from the Bund.
Chaoyang CBD, Beijing: Aika International Business Center in downtown Beijing will include 107 Otis Electric elevators and escalators. The new center will offer upscale-market shopping, dining and recreation.
Shaoguan City, Guangdong: Otis Electric elevators will be installed in Shaoguan Xinjinhui Building Materials and Home Furnishing Plaza in the new business district in Shaoguan where grade-A office buildings, an entertainment plaza and a five-star hotel will be located.
Longgang District, Shenzhen: Phase two of the Kangli Wulian Valley Mansion and Kangli Information Valley Mansion development projects will feature 52 Otis Electric-branded Gen2® elevators. These new properties will be among the new commercial buildings in Longgang.
Taihu New City, Suzhou: The Suzhou Bay Waterside Street Project in east China will receive 65 Otis Electric elevators. As a landmark of Taihu New City, the project will create the largest waterfront complex in the Suzhou Bay area of Wujiang District. Designed by British architectural firm Benoy, the new complex will be a hub of cultural, commercial and recreational life in the new city.
Urumqi, Xinjiang: Tianhong Xinyue International Housing Estate in Xinjiang will include 31 Otis Electric Gen2 elevators. Centrally located in Shayibak District, Urumqi, the new high-end residential area will be supported by education, medical and commercial infrastructure.

For more information about Otis, visit www.otisworldwide.com.

About Otis Electric
Otis Electric, a sub-brand of Otis, was introduced to China in January 2016. The Otis Electric brand is authorized to Xizi Otis Elevator Co., Ltd. for use in China, supported by manufacturing facilities in Hangzhou and Chongqing, as well as an accredited testing laboratory and over 240 branches and service depots across China. With strong capabilities to deploy the latest technologies in products and services, Otis Electric is dedicated to satisfying customer needs, especially in the residential, commercial and public infrastructure segments.

About Otis
Otis is the world’s largest 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. For more information, visit www.otis.com.

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