2007'02.11.Sun
Record Wins for Otis in India

October 11, 2006

FARMINGTON, Conn., Oct. 11 /Xinhua-PRNewswire/ -- Otis Elevator Company, a unit of United Technologies Corp. (NYSE: UTX), won two contracts to supply and install 174 elevators and escalators for a new super mall in Mumbai and a major IT complex in Pune. The awards are the largest to date for Otis in India. (Photo: http://www.newscom.com/cgi-bin/prnh/20061011/NEW003-a http://www.newscom.com/cgi-bin/prnh/20061011/NEW003-b ) "We are proud to be the undisputed leader in one of the world's fastest growing markets," said Otis President Ari Bousbib. "India's service and IT sectors have spawned unprecedented infrastructure development." In Mumbai, India's commercial and entertainment capital and most populous city, Otis will install 62 elevators and 28 escalators at the 1.1-million-square-foot (102,190-square-meter) Dreams mall. The mall, which incorporates 15 20-story residential buildings, will be the largest of its kind in India. In Pune, a thriving center for India's software and IT industries, Otis will provide 84 elevators for the Eon Free Zone. This 45-acre complex will feature technology "clusters" comprised of software development, business process outsourcing (BPO) and 24/7 call center businesses. 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 60,000 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 of Otis Elevator Company Tel: +1-860-676-6127 Email: Tizz.Weber@Otis.com SOURCE Otis Elevator Company
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