Otis Elevators Selected for Upscale Residential Projects in Zhangjiagang

Hui Jin New City

TIANJIN, China, Aug. 2, 2016 — Three upscale residential projects – Hui Jin New City, Royal First Mansion and Royal Lakefront – now being developed in Zhangjiagang city in China’s eastern Jiangsu province have recently selected Otis elevators. Otis is a unit of United Technologies Corp. (NYSE: UTX).

Developed by Golden New City Group, a major real estate group in Zhangjiagang, the projects feature 85 Otis elevators, including 81 energy-efficient Otis Gen2® elevators and four Otis Sky™ elevator systems. The elevators will be provided by Otis Elevator China Co., Ltd. (“Otis China”), a local Otis entity.

The Otis Gen2 elevator uses innovative polyurethane-coated steel belts, which make the system more compact and efficient and give it a working life three times longer than systems that use conventional steel ropes. The Gen2 elevators also incorporate ReGen™ drive technology for energy savings of up to 75 percent under normal operating conditions, compared to traditional elevator systems with conventional drives. The Otis Sky systems use permanent magnet gearless machines instead of traditional induction motors to reduce energy consumption and simplify maintenance while ensuring ride quality.

“We are honored that Otis elevators have been selected for Golden New City Group’s high-end residential developments in Zhangjiagang,” said Tony Black, president, Otis Elevator (China) Investment Co., Ltd. “Golden New City appreciates our leading technologies, reliable products and service excellence, and these are also the keys to Otis’ leading segment position.”

Hui Jin New City

Royal Lakefront

Royal First Mansion

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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