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Otis Elevator Company

Otis Wins US$23 Million in Contracts for Seoul's Incheon Airport

Farmington, Connecticut (ots/PRNewswire)

Otis has been awarded
contracts totaling more than U.S. US$23 million (KRW 26.6 billion) to
supply and install 169 elevators, escalators, moving walkways and one
central monitoring system for Phase 2 of the Incheon International
Airport in South Korea.
The Incheon International Airport, with a total area of 56 million
square meters, opened in March 2001 after four and a half years of
construction. The airport sits at the center of Northeast Asia's
transportation network comprising 51 cities - with populations
exceeding 1 million - situated within a 3.5-hour flight radius. Once
the four-phase expansion is complete in 2020, the airport will be
able to accommodate 530,000 flights, 100 million passengers and 7
million metric tons of cargo per year.
"Otis is pleased to continue its partnership with the South Korean
Government and to provide service to a vital airport hub for
Northeast Asia," said Otis President Ari Bousbib. "The selection of
Otis for the airport expansion means we have met the government's
stringent quality standards to safely transport the more than 100
million people who are expected to travel through Incheon
International. We appreciate the confidence that the South Korean
government has demonstrated in us by once again choosing Otis as its
provider of people-moving products."
In Phase 2, Otis will install 55 elevators, 75 escalators, 39
moving walkways and one central monitoring system in Concourse A, one
of two passenger terminals at the airport. The central monitoring
system will allow Otis and the airport facilities manager to check
and monitor the service status for all units in one main center.
"At Incheon International Airport, safety and quality performance
are paramount," said TaeJeong Ahn, who heads the airport's
maintenance operations. "Given our past experience with Otis in Phase
1, we are confident that Otis' technology, performance and service
are an important part of helping us operate the best airport in the
world."
In June 1998, Otis won contracts to supply 321 people-moving
products, including 106 elevators, 130 escalators, 46 moving walkways
and 39 boarding bridges for Phase 1 of the airport project. During
that time, Otis field employees worked 296,000 hours accident free.
Otis Elevator Company, a wholly owned subsidiary of United
Technologies Corporation (NYSE: UTX), is the world's largest
manufacturer and maintainer of people-moving products, including
elevators, escalators, shuttle systems and moving walkways. With
headquarters in Farmington, Connecticut, Otis employs 60,000 people,
offers products and services in more than 200 countries and
territories and maintains more than 1.4 million elevators and
escalators worldwide.
Web site: http://www.otis.com

Contact:

Tizz Weber, Director, Worldwide Communications Programs,
+1-860-676-6127, Tizz.Weber@Otis.com

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