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Empire State Building selects Otis for major project

Otis Elevator Company, a unit of United Technologies Corp. (NYSE:UTX), and Empire State Building Company, LLC, owner of the Empire State Building, the world's most famous office building, announced the awarding of a major contract to Otis to fully refurbish and modernize the building's 68 elevators. As part of this contract, Otis was also awarded a ten year maintenance contract. The elevator upgrade is the final component of the $550 million dollar Empire State ReBuilding renovation and modernization program. Completion of the elevator upgrade and ongoing maintenance by Otis will deliver improved speed, energy efficiency, and passenger experience.

The 68 modernized elevators will transport the close to 10 million tenants and office and observatory visitors each year in state-of-the-art, modern equipment. Through the use of Otis' Compass Destination Management system and during peak operating periods, the elevators will transport passengers to their destinations up to 20-40% faster than conventional elevators in other modern commercial buildings. Using Otis ReGen drives, the modernized elevators will dramatically improve efficiency and the return of regenerated energy back into the building grid, reducing elevator energy usage by as much as 30%.



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