Otis Selected for Philippines' Tallest Residential Towers

Otis Selected for Philippines' Tallest Residential Towers

April 25, 2007

    FARMINGTON, Conn., April 25 /Xinhua-PRNewswire/ -- Otis
Elevator Company, a unit of United Technologies Corp. (NYSE:
UTX), won a nearly $4 million contract to supply and install
elevators at The St. Francis Shangri-La Place, expected to
be the tallest residential towers in the Philippines.

    "We are honored that The Shang Grand Tower
Corporation, a member of the prestigious Kuok Group, has
selected Otis to provide elevators for this exclusive
residential project in the heart of Manila's metropolitan
area," said Sebi Joseph, President and general manager
of Otis Philippines.

    The Kuok Group is renowned for its expertise in
property development, most notably its award-winning
Shangri-La chain of hotels and resorts, in addition to
other highly acclaimed residential, commercial and
industrial developments throughout Asia.  The group's
latest residential development is The St. Francis
Shangri-La Place, which consists of two 60-floor luxury
high-rise residential towers in the Ortigas business
district of Mandaluyong City. 

    Otis Elevator Company is the world's largest
manufacturer and maintainer of people-moving products
including elevators, escalators and moving walkways. With
headquarters in Farmington, Connecticut, Otis employs
61,000 people, offers products and services in more than
200 countries and territories and maintains 1.5 million
elevators and escalators worldwide. United Technologies
Corp., based in Hartford, Connecticut, is a diversified
company providing high technology products and services to
the building and aerospace industries.


    For more information, please contact:

     Tizz Weber, Director, Communications
     Otis Elevator Company
     Tel:    [phone]
     Email:  [e-mail]