Otis Elevator Company Announces 2014 FIFA World Cup Stadium Contract in Brazil

FARMINGTON, Connecticut, April 18, 2012 /PRNewswire/ --

Otis Brazil, a unit of Otis Elevator Company and United Technologies Corp. (NYSE: UTX), today announced a significant contract win to install 21 energy-efficient elevators and escalators at Rio de Janeiro's famous Maracana Stadium -- the site of the 2014 FIFA World Cup final championship match and the 2016 Summer Olympics' opening and closing ceremonies. Otis also recently won contracts to supply equipment at two other Brazilian World Cup Stadiums, the Salvador Arena in Bahia and Pernambuco Arena in Sao Lourenco da Mata.

(Photo: http://photos.prnewswire.com/prnh/20120418/NE87430 )

"Maracana Stadium will soon host two of the planet's most viewed sporting events and Otis is thrilled to play a role in its enhancement," said Pedro Baranda, president of Otis Elevator Company. "Energy-efficient elevators and escalators from Otis will help transform this historic arena while reliably transporting thousands of fans. We look forward to applying Otis technology and expertise to upgrade the passenger experience at Maracana."

The Maracana Stadium renovation will include the installation of 15 Otis Gen2® elevators and six escalators, all with energy-saving ReGen™ drives. The Gen2 elevator systems featuring ReGen drives reduce energy consumption by up to 75 percent compared to conventional systems with non-regenerative drives. In addition, the Otis escalators, which also feature ReGen drives, capture energy generated by the escalator on the way down and deliver it back to the building for use by other systems, reducing energy consumption by up to 45 percent compared to traditional escalators. These units will utilize Otis' web-based EMS Panorama™ system, which enables users to efficiently monitor and control equipment and optimize building management in real-time.

Maracana Stadium previously hosted the deciding match of the World Cup in 1950. The giant arena was also the site of Pele's 1000th career goal, in November 1969. The FIFA World Cup will open on June 12, 2014 and end on July 13. Maracana Stadium renovations are expected to be completed in early 2013.

Brazil continues to play a critical role in Otis' South American operations and overall growth. This year, Otis will open a new 200,000 square foot factory in Sao Paulo, which will manufacture Gen2 elevators and other energy-efficient products for the South American market.

About Otis Elevator Company

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 60,000 people globally, offers products and services in more than 200 countries and territories and maintains over 1.8 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.

    Contact:
    Melanie Rener - Manager, Public Relations      Dianne Falaguerra - Client Services
    & Communications                               CooperKatz for Otis Elevator Company
    Otis Elevator Company                          +1-617-990-7261
    +1-860-676-6219                                dfalaguerra@cooperkatz.com
    melanie.rener@otis.com