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Schindler Management AG

Schindler presents new high-performance elevator in Frankfurt

Ebikon (ots)

Schindler Technology Presentation 2002 in Frankfurt, Germany
Schindler, the elevator and escalator company,
presented its new Schindler 700 high-performance elevator at a
technology presentation held in the telecommunications tower in
Frankfurt on November 5, 2002. The elevator program, which contains a
large number of technical innovations, can be used worldwide for
travel heights up to 500 meters and speeds up to 10 meters per
second. Schindler will launch its new product onto the market in
mid-2003, and thereby further expand its position in the
high-performance business in Asia, the USA, Europe and elsewhere.
The 330-meter high telecommunications tower in Frankfurt, Germany,
is being used by Schindler development engineers as a testing tower
for thorough trials of the new high-performance elevator. Alfred N.
Schindler, Chairman of the Board of Directors, invited European
journalists and financial analysts to Frankfurt for a first trip in
the fastest elevator in Schindler's history.
High-performance elevator business is important
In both new installations and maintenance, high-performance
elevators generate a substantially greater proportion of revenue than
elevators in low-rise buildings. Because of this, the
high-performance elevator business is very important for the globally
active Schindler Group. Furthermore, orders for high-performance
elevators generally lead to follow-on orders, especially for
elevators and escalators in shopping centers, restaurants, parking
garages, and subway stations in the immediate vicinity of high-rise
buildings. In addition, reference installations around the globe
enhance the brand and increase recognition of the company.
Market potential mainly in Asia
Around 6'000 high-performance elevators are sold around the world
every year. 80% of the projects are for residential and commercial
buildings up to 250 meters high (approximately 60 storeys). Some
projects even reach heights approaching 500 meters. Despite the
present economic downturn, there is a high market potential. In
Southeast Asia, and particularly China, vigorous population growth is
leading to rapid urbanization, making residential towers especially
necessary. In America, Europe, and Japan, where urbanization has
already reached an advanced stage, there is a growing need for
technical modernization of existing metropolitan buildings, and
better utilization of central city areas.
Completion of market and product strategy
Individual projects with Schindler 700 installations are already
in process. However, the actual market launch will start in mid-2003.
With this step, the last phase of the Schindler market and product
strategy will be complete. In the first phase, new standards were set
in the volume business, with highly-standardized machine room-less
elevators for residential buildings and modular elevators for
commercial buildings. At the same time, a leading position was built
up on all continents with the new range of escalators. Against the
backdrop of a densely spread worldwide service network, the final
step is now to add to the product range the first global
high-performance elevator in the company's history.
High customer benefits thanks to technical innovations
Schindler 700 is an elevator system for global application with
modular components which allow customer-specific solutions.
Technically, the elevator is designed for a high level of ride
comfort, safety, and availability. The strongest drive machine can
accelerate a mass of up to 45 metric tons to a travel speed of 10
meters per second and then brake it again without the passenger
feeling the forces involved. To eliminate the pressure waves, lateral
motion, and noise which arise at such high speeds, the car is fitted
with a wind-tunnel tested aerodynamic fairing, stiffeners, and a
cleverly sprung chassis. The guide rails are aligned in the hoistway
using a laser. The transportation needs of a skyscraper's occupants -
often several thousand people - are met by several groups of
elevators controlled with great efficiency by the Schindler hall call
destination system. A new development in the field of passenger
recognition, SchindlerID, controls access and assists evacuation.
Illustrations and a background report are available on the
Internet at www.schindler.com. The report can be ordered in English,
German, French, Italian, and Spanish from the Media Relations Office.

Contact:

Riccardo Biffi
Schindler Management AG
Media Relations
6030 Ebikon
Tel. +41/41/445'30'60
Fax +41/41/445'31'44
mailto:riccardo_biffi@ch.schindler.com