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Otis Wins Landmark Trump Tower in Toronto

FARMINGTON, Conn., March 19 PRNewswire-FirstCall — Otis Elevator Company, a unit of United Technologies Corp. (NYSE: UTX), was awarded a contract valued at more than USD 10 million to provide elevators for the landmark 60-story Trump International Hotel & Tower in Toronto.

When completed, the Trump International Hotel & Tower will be the tallest residential building in Canada. It will feature 261 luxury hotel condominiums, 118 condominium residences and a concierge-attended sky lobby on the 31st level.

"We are proud to bring on board a worldwide leader like Otis," said Val Levitan, president and CEO of Talon International Development Inc., co-developer of the project. "With its wealth of experience and innovative technologies, it is simply the only elevator manufacturer capable of matching the standards we expect for our property."

Otis will provide a mix of Elevonic(R) 411 gearless, geared and Gen2(R) elevator systems. Gearless elevators are up to 50 percent more energy efficient than conventional drive systems, while the Gen2 system is up to 50 percent more energy efficient and 70 percent smaller than conventional systems. In addition, the Gen2 system provides many other benefits. Its flat, polyurethane-coated steel belts and gearless machine do not require any additional lubrication, making the system cleaner for the environment. The patented flat-belt drive technology virtually eliminates vibration, providing passengers a smooth, quiet ride and improved overall comfort. Flat belts enable a more compact elevator system, eliminating the need for a machine room and offering greater flexibility in building design.

Otis is also providing its EMS Panorama(TM) system, a Web-based application that enables building staff to monitor, control, report on and manage a full range of operational-critical elevator functions from any computer with an Internet connection. With this system, building staff can monitor elevator performance, security, traffic patterns, key equipment events and many other critical functions.

"We have had a very successful history with Trump properties, and we are pleased that our leading technology and environmentally responsible products have been selected for this landmark project," said Otis President Ari Bousbib.

Trump International Hotel & Tower, Toronto, is a joint venture between Donald J. Trump and Talon International Development Inc. Located at the corner of Bay and Adelaide in the heart of Toronto's financial district, the tower represents ultra-luxury living and features the only five-star hotel condominiums available for purchase in Toronto. The building was designed by the renowned Toronto-based firm Zeidler Partnership Architects.

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 63,000 people worldwide, offers products and services in more than 200 countries and territories and maintains 1.6 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.

SOURCE Otis Elevator Company

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