Otis Gen2® Elevators Selected for Guizhou Jinzhou Sports City

GUIZHOU, China, Nov. 14, 2016 — Otis Electric Elevator Co., Ltd. (“Otis Electric”) will provide 388 elevators and escalators to China Jinzhou Sports City (CJSC), a large complex being developed as a new hub for business, retail and entertainment serving the Yunnan, Guizhou and Guangxi regions. Otis Electric is a sub-brand of Otis, the world’s leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways, a unit of United Technologies Corp. (NYSE: UTX).

Located in Qianxinan Prefecture covering an area of 5 million square meters, CJSC, developed by Falcon Industrial Group, is a key project under the Guizhou Government’s “5-100” initiatives to promote economic development in the southwestern region.

CJSC has selected Otis Gen2 elevators, which use composite steel belts instead of conventional steel ropes to enhance reliability, energy efficiency and passenger comfort. Among other accolades, the Gen2® family won the China Construction Machinery Association’s China Machinery Industry Science and Technology Award in 2014 for the Gen2-MR machine-roomless elevator system.

Introduced to China this year, Otis Electric is a leader in China’s elevator industry with a strong presence in residential and commercial segments. Otis Electric has also developed strategic relationships with China’s real estate developers, including six of the top 10 real estate companies in the country.

“Otis Electric is delighted to enable more communities to enjoy the efficiency and convenience of world-class elevator technologies,” Lawrence Chui, president, Otis Electric, said. “We are committed to offering quality products and services that meet the needs of customers and passengers in China.”

About Otis Electric
Otis Electric, a sub-brand of Otis, was introduced to China in January 2016. Otis Electric has 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 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. For more information, visit www.otis.com.

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