Otis Wins Another Olympic Contract

Otis Wins Another Olympic Contract

March 13, 2007

    FARMINGTON, Conn., March 13 /Xinhua-PRNewswire/ --
Otis, a unit of United Technologies Corp. (NYSE: UTX), was
awarded a contract to supply and install 111 elevators and
escalators for the renovation of the Beijing South Railway
Station, an important infrastructure project supporting the
Beijing 2008 Olympic Summer Games.

    In total, Otis has won 25 Beijing 2008 Olympics-related
contracts, including the Beijing Subway Line 5 and Line 10,
Tianjin Olympics Sports Center soccer venue, Beijing
Transit Center and Tianjin Light Rail.

    "Otis was selected for this infrastructure project
based on its rich experience with international Olympics
games, its remarkable contribution in providing energy
efficient and environmentally friendly products such as the
Gen2(R) elevator, and its reputation as the No. 1 elevator
company in the world," according to the director of
the Beijing South Railway Station.

    In this latest project, Otis will provide 75 escalators
and 36 Gen2 machine-roomless elevators with flat-belt
technology.

    "The 2008 Summer Olympic Games continue to be a
major catalyst for significant infrastructure development
programs in China, and Otis is proud to be a partner of
choice," said Otis President Ari Bousbib.

    When completed in 2007, the new station will be the
second largest in Beijing and will serve the intercity line
between Beijing and Tianjin and the Beijing-Shanghai
high-speed rail.

    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]