Otis Global Transportation Wins Total Nearly One-Quarter of a Billion Dollars

FARMINGTON, Conn., Feb. 26 /PRNewswire-FirstCall/ -- Otis Elevator Company, a unit of United Technologies Corp. , won elevator and escalator contracts serving the public transportation industry in 2006 valued at nearly one-quarter of a billion dollars, with the latest agreements awarded in Greece and Germany.

"We are honored that our customers around the world continue to select Otis as the supplier of choice for their high-volume transportation needs," said Sandy Diehl, senior vice president, strategy, business development and communications.

In Athens, Otis was awarded a contract to provide 76 units, including 44 escalators and 16 Gen2(R) elevators, as part of the city's subway expansion.

In Germany, Otis entered into an agreement with Deutsche Bahn, Germany's largest rail company, to supply and install elevators in rail and subway stations throughout the country.

Otis has won installation, modernization and service contracts for airports and rail, subway and ferry stations throughout the world, including Brazil, China, France, Hong Kong, Italy, Macau, Russia, Spain, Taiwan, United Kingdom, United States and Canada.

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.