Xiamen International Trade Group Orders 169 Otis Elevators for Residential Projects

TIANJIN, China, Sept. 12, 2016 /PRNewswire/ -- Xiamen International Trade Group (Xiamen ITG) has ordered 169 Otis elevators for its high-end residential projects now under development in China's southeastern Fujian province. Otis, the world's leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways, is a unit of United Technologies Corp. UTX.

Founded in 1980, Xiamen ITG is one of China's top 100 real estate enterprises. It specializes in high-end projects, including the Xiamen ITG Top Mansion, Hefei ITG Top Mansion and Nanchang ITG Top Mansion.

Under the agreement, Otis Elevator (China) Co. Ltd ("Otis China") will provide 163 Gen2^® elevators and six SKY™ elevators for Xiamen ITG. The Otis Gen2 elevator uses innovative polyurethane-coated steel belts, which make the system more compact and efficient and give it a working life that is three times longer than systems that use conventional steel ropes. Gen2 elevators also incorporate ReGen™ drive technology for energy savings up to 75 percent under normal operating conditions compared to traditional elevator systems with conventional drives. The Otis SKY systems use permanent magnet gearless machines instead of traditional induction motors to reduce energy consumption and simplify maintenance while ensuring ride quality.

"Otis China and Xiamen ITG share a philosophy in quality excellence. We are proud to support Xiamen ITG Group with superior elevator products and services for its upscale properties, and we look forward to opportunities to further our relationship through other agreements in the future," said Luis Molina, president, Otis Elevator (China) Investment Co., Ltd.

About Otis
Otis is the world's leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories. Otis is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.otis.com.

Contact: Katy Padgett
1 860-674-3047
Kathleen.Padgett@utc.com

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SOURCE Otis