KONE to modernize and maintain escalators at Stockholm metro in Sweden

KONE Corporation, press release, September 2, 20162

KONE, a global leader in the elevator and escalator industry, has won an order from Stockholm County Council to modernize and maintain 13 escalators at six metro stations in Sweden's capital.

KONE was awarded a contract in a public tender process for the supply of half of the new escalators that will be installed at Stockholm's metro stations. KONE TransitMaster® escalators will replace old equipment at the Hötorget, Rådmansgatan, Odenplan, St Eriksplan, Farsta and Hallonbergen stations.

The new KONE escalators feature significantly improved operational green credentials bringing reductions in energy consumption and the use of oil. The escalators will also be linked to a real-time remote monitoring system, making it possible to quickly identify any deviations in the operation of the equipment and to take proactive measures to prevent possible technical problems.

"We have already installed several escalators and elevators in Stockholm's metro system and we are naturally very proud that the Stockholm County Council has chosen to partner with us again. In today's urban environments, providing smooth, safe and accessible People Flow® solutions in public places is of utmost importance, and is what we constantly strive to deliver and improve," says Thomas Hinnerskov, Executive Vice President, KONE Central and North Europe.

The installation work of the KONE escalators is expected to begin in April 2017 with completion scheduled for mid-2018.

The order was booked in the third quarter of 2016.

Previous press releases are available at www.kone.com/press including:
April 27, 2016: KONE wins major order for Qatar's Doha Metro project
April 06, 2016: KONE wins order for Shanghai Metro extension
April 06, 2016: KONE wins escalator order for Lanzhou Metro in China

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

About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com

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