Contractor Selects Otis for Luxury Sao Paulo Complex

Contractor Selects Otis for Luxury Sao Paulo Complex

June 26, 2007

    FARMINGTON, Conn., June 26 /Xinhua-PRNewswire/ -- 

    Otis Elevator Company, a unit of United Technologies
Corp. (NYSE: UTX), was awarded a contract to supply,
install and maintain 49 elevators and escalators for the
Parque Cidade Jardim complex, one of the largest luxury
mixed-use developments under construction in Sao Paulo.

    When completed, the development will consist of a mall,
nine residential towers and four commercial complexes. For
the first phase of the project, Otis will provide 16
escalators and 11 Gen2(R) elevators for the mall and
another 22 elevators for the residential complex. The
elevators in the residential towers will have Otis Digital
Key, a device that allows access to authorized visitors
through fingerprint-recognition readers.

    Luiz Carlos Marchi, engineering director of JHSF, the
contractor for the development, said, "JHSF's
philosophy is to select a vertical transportation provider
that offers the most advanced technology. Otis' Gen2
elevator is a great innovation that will bring many
benefits to visitors of Parque Cidade Jardim."

    Otis' patented flat-belt drive technology on the Gen2
product line provides a quieter, smoother ride than
conventional elevators. The Gen2 system is also
environmentally friendly and energy efficient. Its
coated-steel belts and gearless machine do not require
lubrication, and its gearless, permanent-magnet machine
consumes half the energy of conventional geared machines.

    "We are pleased JHSF has selected Otis' products
and maintenance services for one of the most prestigious
projects in the Sao Paulo area," said Otis President
Ari Bousbib.

    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 of Otis Elevator Company
     Tel:   [phone]
     Email; [e-mail]