KONE in the top 50 of the Forbes' list of the World's Most Innovative Companies

KONE Corporation, press release, August 21, 2015

KONE, a global leader in the elevator and escalator industry, has been ranked 48th on the list of the world's top 100 most innovative companies by the business magazine Forbes. Featured on the list for the fifth year in a row, KONE ranks as the 5th most innovative company in Europe.

"We are extremely proud to have been acknowledged for our innovation capabilities," says Henrik Ehrnrooth, President & CEO of KONE Corporation."This is a testament to our continued commitment to deliver the best People Flow solutions and to improve urban life."

KONE's recent breakthough innovations include its high-rise elevator hoisting technology, KONE UltraRope®, enabling future elevator travel heights of one kilometer - twice the distance currently feasible. The technology will be used  in Saudi Arabia's Kingdom Tower expected to be the world's tallest building with a height rising over one kilometer once completed. Another innovation highlight is the KONE family of People Flow Intelligence solutions, which makes navigation through buildings ever smoother and smarter.

Forbes magazine's ranking is based on a metric called the "Innovation Premium": the difference between their market capitalization and a net present value of cash flows from existing businesses.

The list of world's most innovative companies can be viewed on http://onforb.es/1NptSQI.

For further information, please contact:
Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

Read more about
KONE UltraRope
KONE's other innovations
People Flow Intelligence solutions

About KONE
KONE is one of the global leaders in the elevator and escalator industry. KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2014, KONE had annual net sales of EUR 7.3 billion, and at the end of the year over 47,000 employees. KONE class B shares are listed on the Nasdaq OMX Helsinki Ltd in Finland.

www.kone.com